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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 2024-12-13 View latest technical analysis

10 day averaged volume of Sh Steel is 4206

Date	Daily Closing Price	Open	High	Low	Volume
13 Fri Dec 2024	41.33	41.96	41.96	40.00	0.303 times
12 Thu Dec 2024	40.51	43.78	43.78	39.57	0.897 times
11 Wed Dec 2024	41.89	42.37	42.37	41.83	0.151 times
10 Tue Dec 2024	41.86	40.80	42.50	40.01	0.85 times
09 Mon Dec 2024	40.00	39.35	40.69	39.35	0.481 times
06 Fri Dec 2024	40.30	44.30	44.30	40.16	1.663 times
05 Thu Dec 2024	40.83	40.15	42.50	40.00	3.376 times
04 Wed Dec 2024	41.10	41.00	41.39	40.00	0.135 times
03 Tue Dec 2024	40.65	43.98	43.98	39.56	0.948 times
02 Mon Dec 2024	39.97	42.44	42.44	39.50	1.124 times

My analysis of stock is bullish for shortterm, and stock might move up till 41.8 or till 42.8. Use a stoploss of 40.93 and if this stock hits its stoploss, then it can fall down till 40.1

Share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Target	34.20
Downside Target	35.00
Downside Target	36.66
Downside Target	38.00
Downside Target	39.35
Downside Target	40.89
Upside Target	43.78
Upside Target	44.30
Upside Target	44.70
Upside Target	44.85
Upside Target	45.84

Intraday share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Intraday Target	39.19
Downside Intraday Target	37.06
Upside Intraday Target	43.62
Upside Intraday Target	45.92
Upside Intraday Target	41.49

Weekly technical analysis of Sh Steel (ShSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Fri Dec 2024	41.33	39.35	43.78	39.35	0.37 times
06 Fri Dec 2024	40.30	42.44	44.30	39.50	3.774 times
29 Fri Nov 2024	40.97	38.00	43.80	38.00	0.533 times
22 Fri Nov 2024	41.00	41.54	45.84	38.25	0.612 times
14 Thu Nov 2024	42.39	40.48	44.85	38.40	1.342 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
13 Fri Dec 2024	41.33	42.44	44.30	39.35	0.62 times
29 Fri Nov 2024	40.97	41.50	45.84	38.00	0.759 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

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 to mid 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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Sh Steel in short term but the sell 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. 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 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 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 40.68 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.