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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 2024-09-06 View latest technical analysis

10 day averaged volume of Sh Steel is 2375

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	38.64	39.10	39.10	38.00	0.728 times
05 Thu Sep 2024	37.95	38.50	39.54	37.70	0.899 times
04 Wed Sep 2024	37.45	38.00	38.94	36.99	1.124 times
03 Tue Sep 2024	37.00	39.00	39.00	35.00	1.669 times
02 Mon Sep 2024	38.97	38.25	39.00	38.25	0.269 times
30 Fri Aug 2024	37.72	38.56	39.48	37.68	2.603 times
29 Thu Aug 2024	38.56	40.50	40.50	38.53	0.563 times
28 Wed Aug 2024	39.01	40.60	40.60	37.61	1.32 times
27 Tue Aug 2024	38.95	38.66	40.89	37.52	0.069 times
26 Mon Aug 2024	38.66	38.50	39.70	37.52	0.553 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 38.9 as stoploss in an intra day sell trade for a target of 38.08. However, stock will show a bullish move above 38.9.

Share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Target	34.20
Downside Target	35.00
Downside Target	37.01
Upside Target	38.99
Upside Target	39.54
Upside Target	40.28
Upside Target	40.89
Upside Target	41.50
Upside Target	42.00
Upside Target	50.80

Intraday share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Intraday Target	35.91
Downside Intraday Target	33.19
Upside Intraday Target	40.45
Upside Intraday Target	42.27
Downside Intraday Target	37.73

Weekly technical analysis of Sh Steel (ShSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	38.64	38.25	39.54	35.00	0.918 times
30 Fri Aug 2024	37.72	38.50	40.89	37.52	0.613 times
23 Fri Aug 2024	38.55	36.86	40.28	35.60	1.471 times
16 Fri Aug 2024	36.14	38.99	38.99	36.00	0.683 times
09 Fri Aug 2024	38.45	37.95	39.30	34.20	0.525 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
06 Fri Sep 2024	38.64	38.25	39.54	35.00	0.144 times
30 Fri Aug 2024	37.72	37.52	40.89	34.20	1.028 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

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 neutral. A longer time frame might give a better analysis.

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 BUY signal for Sh Steel in short term but the buy signal is initial and weak.

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. 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 moving up

CCI has generated a buy signal for Sh Steel in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 37.97 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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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