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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 2024-11-01 View latest technical analysis

10 day averaged volume of Sh Steel is 2673

Date Daily Closing Price Open High Low Volume
01 Fri Nov 2024 41.52 41.50 41.95 41.00 0.309 times
31 Thu Oct 2024 40.84 40.16 42.05 40.00 5.037 times
30 Wed Oct 2024 39.77 39.98 39.98 39.77 0.015 times
29 Tue Oct 2024 38.80 38.79 38.80 38.79 0.052 times
28 Mon Oct 2024 38.79 39.50 39.50 38.10 0.19 times
25 Fri Oct 2024 38.69 38.91 39.80 37.75 0.309 times
24 Thu Oct 2024 38.91 38.00 40.82 37.60 0.347 times
23 Wed Oct 2024 38.56 38.00 39.76 38.00 0.896 times
22 Tue Oct 2024 38.50 39.06 39.89 38.50 1.286 times
21 Mon Oct 2024 39.15 39.60 40.80 39.01 1.115 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 41.9, for a target of 40.6 or 39.57

Share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Target 34.20
Downside Target 35.00
Downside Target 36.00
Downside Target 37.60
Downside Target 40.82
Upside Target 41.95
Upside Target 42.00
Upside Target 42.05
Upside Target 42.50
Upside Target 44.70

Intraday share price targets for Sh Steel (ShSteel)

Target Type Value
Downside Intraday Target 39.06
Downside Intraday Target 36.61
Upside Intraday Target 43.01
Upside Intraday Target 44.51
Downside Intraday Target 40.56

Weekly technical analysis of Sh Steel (ShSteel)

Date Weekly Closing Price Open High Low Volume
01 Fri Nov 2024 41.52 39.50 42.05 38.10 1.417 times
25 Fri Oct 2024 38.69 39.60 40.82 37.60 0.619 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

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
01 Fri Nov 2024 41.52 41.50 41.95 41.00 0.009 times
31 Thu Oct 2024 40.84 43.00 44.70 36.66 1.23 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

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 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 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 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 39.94 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.

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 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 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 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 39.94 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.

Click here for Sh Steel charts

Click here for further forecast and predictions for tomorrow

Daily charts

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