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(ShSteel) Sh Steel complete technical analysis [charts+indicators] | Buy/Sell Sh Steel | (ShSteel) share price targets

Complete technical analysis of Sh Steel (ShSteel) by charts plus indicators, forecast predictions and share price targets for Sh Steel (ShSteel)

Showing technical analysis as on 2024-07-23 View latest technical analysis

10 day averaged volume of Sh Steel is 2709

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	38.90	38.10	38.90	36.00	0.495 times
22 Mon Jul 2024	39.00	38.00	39.49	38.00	0.147 times
19 Fri Jul 2024	38.32	38.00	39.45	38.00	0.184 times
18 Thu Jul 2024	38.47	39.47	39.65	38.00	0.242 times
16 Tue Jul 2024	38.70	38.99	39.00	38.45	0.236 times
15 Mon Jul 2024	38.93	39.82	39.82	36.00	1.332 times
12 Fri Jul 2024	39.04	39.03	39.90	38.75	1.083 times
11 Thu Jul 2024	39.03	40.60	40.60	38.00	4.401 times
10 Wed Jul 2024	39.13	41.50	41.50	39.11	0.625 times
09 Tue Jul 2024	39.88	39.58	40.00	38.65	1.421 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 38.7 as stoploss in an intra day buy trade for a target of 39.11. However, stock will show a bearish move below 38.7.

Share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Target	34.26
Downside Target	36.00
Downside Target	37.01
Downside Target	38.00
Upside Target	39.49
Upside Target	41.39
Upside Target	41.50
Upside Target	42.00
Upside Target	43.00
Upside Target	47.99
Upside Target	50.80

Intraday share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Intraday Target	36.77
Downside Intraday Target	34.64
Upside Intraday Target	40.26
Upside Intraday Target	41.62
Downside Intraday Target	38.13

Weekly technical analysis of Sh Steel (ShSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	38.90	38.00	39.49	36.00	0.322 times
19 Fri Jul 2024	38.32	39.82	39.82	36.00	0.254 times
12 Fri Jul 2024	39.04	39.05	41.50	38.00	1.667 times
05 Fri Jul 2024	39.77	38.15	40.49	38.15	0.636 times
28 Fri Jun 2024	38.93	39.31	41.39	38.00	1.5 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Sh Steel (ShSteel)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	38.90	38.15	41.50	36.00	0.49 times
28 Fri Jun 2024	38.93	40.90	42.00	36.10	0.214 times
31 Fri May 2024	39.23	39.80	50.80	37.01	4.725 times
30 Tue Apr 2024	39.80	38.80	43.00	36.00	0.602 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Sh Steel (ShSteel)

Price action analysis of Sh Steel ( (ShSteel) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Sh Steel ( (ShSteel) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Sh Steel ( (ShSteel) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Sh Steel ( (ShSteel) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Sh Steel stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Sh Steel in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sh Steel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Sh Steel in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Sh Steel is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 39.1 and Sh Steel (ShSteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Sh Steel (ShSteel) stock. Volume based technical analysis of Sh Steel (ShSteel) stock is negative.

Sh Steel Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.