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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 2024-07-24 View latest technical analysis

10 day averaged volume of Sh Steel is 2754

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	38.51	38.50	38.51	38.49	0.178 times
23 Tue Jul 2024	38.90	38.10	38.90	36.00	0.487 times
22 Mon Jul 2024	39.00	38.00	39.49	38.00	0.145 times
19 Fri Jul 2024	38.32	38.00	39.45	38.00	0.181 times
18 Thu Jul 2024	38.47	39.47	39.65	38.00	0.238 times
16 Tue Jul 2024	38.70	38.99	39.00	38.45	0.232 times
15 Mon Jul 2024	38.93	39.82	39.82	36.00	1.31 times
12 Fri Jul 2024	39.04	39.03	39.90	38.75	1.065 times
11 Thu Jul 2024	39.03	40.60	40.60	38.00	4.329 times
10 Wed Jul 2024	39.13	41.50	41.50	39.11	0.615 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 38.6, but if it comes above 38.6, then a intra day buy could be more profitable.
If you take a sell trade below 38.6, then use 38.6 as stoploss and 38.1 as target. However if you take a buy trade in stock , then use 38.6 as stoploss and 39.03 as target.

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	36.51
Downside Intraday Target	34.51
Upside Intraday Target	40
Upside Intraday Target	41.49
Downside Intraday Target	38

Weekly technical analysis of Sh Steel (ShSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	38.51	38.00	39.49	36.00	0.413 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
24 Wed Jul 2024	38.51	38.15	41.50	36.00	0.496 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 losing momentum.

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

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. Bulls are getting stronger in this stock.

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 buy signal for Sh Steel in short term but BUY signal is weak.

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 38.97 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.