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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 2024-09-16 View latest technical analysis

10 day averaged volume of Sh Steel is 2489

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	39.25	37.44	43.48	37.44	3.54 times
13 Fri Sep 2024	38.42	37.00	38.45	37.00	0.881 times
12 Thu Sep 2024	38.41	38.70	38.70	37.50	1.682 times
11 Wed Sep 2024	38.08	37.19	38.94	37.19	1.933 times
10 Tue Sep 2024	37.17	38.05	38.50	37.00	0.112 times
09 Mon Sep 2024	37.95	38.94	38.94	37.21	0.919 times
06 Fri Sep 2024	38.64	39.10	39.10	38.00	0.695 times
05 Thu Sep 2024	37.95	38.50	39.54	37.70	0.857 times
04 Wed Sep 2024	37.45	38.00	38.94	36.99	1.073 times
03 Tue Sep 2024	37.00	39.00	39.00	35.00	1.592 times

Stock of Sh Steel (ShSteel) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 39, but if it comes below 39, then a intra day sell could be more profitable.
If you take a sell trade below 39, then use 39 as stoploss and 38.34 as target. However if you take a buy trade in stock , then use 39 as stoploss and 39.7 as target.

Share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Target	34.20
Downside Target	35.00
Downside Target	37.00
Downside Target	38.94
Upside Target	40.28
Upside Target	40.89
Upside Target	41.50
Upside Target	42.00
Upside Target	43.48
Upside Target	50.80

Intraday share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Intraday Target	36.63
Downside Intraday Target	34.02
Upside Intraday Target	42.67
Upside Intraday Target	46.1
Upside Intraday Target	40.06

Weekly technical analysis of Sh Steel (ShSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	39.25	37.44	43.48	37.44	0.641 times
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

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
16 Mon Sep 2024	39.25	38.25	43.48	35.00	0.437 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 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 to mid 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

MACD generated a BUY signal for Sh Steel in short term and the buy 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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green 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 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 38.28 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.