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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 2024-09-18 View latest technical analysis

10 day averaged volume of Sh Steel is 2980

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	38.16	39.44	39.44	37.60	0.395 times
17 Tue Sep 2024	39.45	39.96	39.96	38.60	0.235 times
16 Mon Sep 2024	39.25	37.44	43.48	37.44	2.957 times
13 Fri Sep 2024	38.42	37.00	38.45	37.00	0.736 times
12 Thu Sep 2024	38.41	38.70	38.70	37.50	1.405 times
11 Wed Sep 2024	38.08	37.19	38.94	37.19	1.614 times
10 Tue Sep 2024	37.17	38.05	38.50	37.00	0.093 times
09 Mon Sep 2024	37.95	38.94	38.94	37.21	0.768 times
06 Fri Sep 2024	38.64	39.10	39.10	38.00	0.58 times
05 Thu Sep 2024	37.95	38.50	39.54	37.70	0.716 times

My analysis of stock is bearish for shortterm, and stock might move down till 37.7 or till 36.9. Use a stoploss of 38.35 and if the stock hits stoploss, then it can shoot up till 39

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	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	35.91
Downside Intraday Target	33.65
Upside Intraday Target	41.95
Upside Intraday Target	45.73
Upside Intraday Target	39.69

Weekly technical analysis of Sh Steel (ShSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	38.16	37.44	43.48	37.44	0.777 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 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
18 Wed Sep 2024	38.16	38.25	43.48	35.00	0.462 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 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 short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Sh Steel ( (ShSteel) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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

MACD generated a BUY signal for Sh Steel in short term and the buy 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. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

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

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 38.56 and Sh Steel (ShSteel) stock is trading below this level. This means that stock is falling with high volumes. 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.