(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 2024-08-07 View latest technical analysis
10 day averaged volume of Sh Steel is 5384
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Wed Aug 2024 | 37.50 | 39.30 | 39.30 | 36.30 | 0.434 times |
| 06 Tue Aug 2024 | 36.99 | 37.00 | 38.80 | 36.26 | 0.922 times |
| 05 Mon Aug 2024 | 36.90 | 37.95 | 37.95 | 35.25 | 0.578 times |
| 02 Fri Aug 2024 | 38.15 | 37.00 | 38.38 | 37.00 | 1.042 times |
| 01 Thu Aug 2024 | 37.01 | 37.52 | 38.88 | 37.00 | 1.191 times |
| 31 Wed Jul 2024 | 37.29 | 40.00 | 40.00 | 36.88 | 1.643 times |
| 30 Tue Jul 2024 | 37.75 | 37.52 | 38.39 | 36.39 | 1.705 times |
| 29 Mon Jul 2024 | 37.52 | 37.00 | 37.99 | 36.42 | 1.391 times |
| 26 Fri Jul 2024 | 37.55 | 37.80 | 38.44 | 36.99 | 1.29 times |
| 25 Thu Jul 2024 | 38.06 | 37.74 | 39.64 | 37.74 | 0.148 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 37.4 as stoploss in an intra day buy trade for a target of 38.14. However, stock will show a bearish move below 37.4.
Share price targets for Sh Steel (ShSteel)
| Target Type | Value |
| Downside Target | 35.25 |
| Downside Target | 36.00 |
| Upside Target | 38.00 |
| Upside Target | 39.30 |
| Upside Target | 39.64 |
| Upside Target | 39.82 |
| Upside Target | 40.00 |
| Upside Target | 41.50 |
| Upside Target | 42.00 |
| Upside Target | 43.00 |
| Upside Target | 50.80 |
Intraday share price targets for Sh Steel (ShSteel)
| Target Type | Value |
| Downside Intraday Target | 35.4 |
| Downside Intraday Target | 33.3 |
| Upside Intraday Target | 39.45 |
| Upside Intraday Target | 41.4 |
| Downside Intraday Target | 37.35 |
Weekly technical analysis of Sh Steel (ShSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Wed Aug 2024 | 37.50 | 37.95 | 39.30 | 35.25 | 0.277 times |
| 02 Fri Aug 2024 | 38.15 | 37.00 | 40.00 | 36.39 | 3.766 times |
| 26 Fri Jul 2024 | 37.55 | 38.00 | 39.64 | 36.00 | 1.846 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 |
Price has moved down 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 |
| 07 Wed Aug 2024 | 37.50 | 37.52 | 39.30 | 35.25 | 0.299 times |
| 31 Wed Jul 2024 | 37.29 | 38.15 | 41.50 | 36.00 | 0.891 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 |
Scroll below to view daily charts
Price has moved up 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 Weak and stock is losing 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 getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Sh Steel in short term and BUY signal is strong.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Sh Steel is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 37.45 and Sh Steel (ShSteel) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.
Price action analysis of Sh Steel ( (ShSteel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 Weak and stock is losing 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 getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Sh Steel in short term and BUY signal is strong.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Sh Steel is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 37.45 and Sh Steel (ShSteel) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.
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