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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 2024-10-22 View latest technical analysis

10 day averaged volume of Sh Steel is 2682

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	38.50	39.06	39.89	38.50	1.282 times
21 Mon Oct 2024	39.15	39.60	40.80	39.01	1.111 times
18 Fri Oct 2024	39.60	40.94	40.94	38.31	0.749 times
17 Thu Oct 2024	39.01	40.26	41.76	38.78	1.75 times
16 Wed Oct 2024	41.00	42.50	42.50	41.00	0.026 times
15 Tue Oct 2024	41.40	42.45	42.45	40.30	0.823 times
14 Mon Oct 2024	40.85	40.29	42.50	38.60	3.021 times
11 Fri Oct 2024	39.80	38.51	39.99	38.51	0.819 times
10 Thu Oct 2024	39.87	40.20	40.20	38.70	0.153 times
09 Wed Oct 2024	39.14	41.98	42.00	39.11	0.505 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 38.3 as stoploss in an intra day buy trade for a target of 39.49. However, stock will show a bearish move below 38.3.

Share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Target	34.20
Downside Target	35.00
Downside Target	36.00
Downside Target	38.04
Upside Target	40.40
Upside Target	41.50
Upside Target	42.00
Upside Target	42.50
Upside Target	44.70

Intraday share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Intraday Target	37.73
Downside Intraday Target	36.97
Upside Intraday Target	40.03
Upside Intraday Target	41.57
Upside Intraday Target	39.27

Weekly technical analysis of Sh Steel (ShSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	38.50	39.60	40.80	38.50	0.376 times
18 Fri Oct 2024	39.60	40.29	42.50	38.31	1.858 times
11 Fri Oct 2024	39.80	40.10	42.00	36.66	0.16 times
03 Thu Oct 2024	40.69	39.49	44.70	38.04	4.824 times
27 Fri Sep 2024	37.77	36.35	40.40	36.35	0.759 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
22 Tue Oct 2024	38.50	43.00	44.70	36.66	0.976 times
30 Mon Sep 2024	41.69	38.25	44.70	35.00	0.935 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

Scroll below to view daily charts

Price has moved down 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 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 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 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 mid to longer 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.

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

MACD generated a SELL signal for Sh Steel in short term but the sell signal is initial and weak.

Sh Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 BUY signal in short term and the buying is gaining 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 39.83 and Sh Steel (ShSteel) stock is trading below this level. This means that stock is falling with high volumes. 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.