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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 2024-09-13 View latest technical analysis

10 day averaged volume of Sh Steel is 2888

Date	Daily Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	38.42	37.00	38.45	37.00	0.759 times
12 Thu Sep 2024	38.41	38.70	38.70	37.50	1.449 times
11 Wed Sep 2024	38.08	37.19	38.94	37.19	1.666 times
10 Tue Sep 2024	37.17	38.05	38.50	37.00	0.096 times
09 Mon Sep 2024	37.95	38.94	38.94	37.21	0.792 times
06 Fri Sep 2024	38.64	39.10	39.10	38.00	0.599 times
05 Thu Sep 2024	37.95	38.50	39.54	37.70	0.739 times
04 Wed Sep 2024	37.45	38.00	38.94	36.99	0.925 times
03 Tue Sep 2024	37.00	39.00	39.00	35.00	1.372 times
02 Mon Sep 2024	38.97	38.25	39.00	38.25	0.221 times

My analysis of stock is bullish for shortterm, and stock might move up till 38.9 or till 39.6. Use a stoploss of 38.3 and if this stock hits its stoploss, then it can fall down till 37.72

Share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Target	34.20
Downside Target	35.00
Downside Target	37.00
Upside Target	38.94
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	37.3
Downside Intraday Target	36.18
Upside Intraday Target	39.24
Upside Intraday Target	40.06
Downside Intraday Target	38.12

Weekly technical analysis of Sh Steel (ShSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	38.42	38.94	38.94	37.00	1.235 times
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

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
13 Fri Sep 2024	38.42	38.25	39.54	35.00	0.323 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 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 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 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 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 green color and prices are above the green cloud Prices appear to be moving up

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

RSI is generating a SELL signal in short term and selling is picking up 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 37.95 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 rising upwards.

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.