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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 2024-12-31 View latest technical analysis

10 day averaged volume of Sh Steel is 2287

Date	Daily Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	39.40	37.10	40.90	37.10	1.575 times
30 Mon Dec 2024	39.24	40.90	40.90	38.20	0.518 times
27 Fri Dec 2024	40.10	40.78	40.78	40.08	0.016 times
26 Thu Dec 2024	39.98	39.00	40.50	38.55	0.146 times
24 Tue Dec 2024	38.82	40.97	40.99	38.56	0.669 times
23 Mon Dec 2024	39.08	39.95	39.99	38.85	1.412 times
20 Fri Dec 2024	36.71	39.40	40.50	36.00	6.239 times
19 Thu Dec 2024	40.69	40.97	40.97	39.46	0.062 times
18 Wed Dec 2024	40.49	40.99	40.99	39.46	0.302 times
17 Tue Dec 2024	39.51	40.00	40.00	39.51	0.228 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 39 as stoploss in an intra day buy trade for a target of 40.13. However, stock will show a bearish move below 39.

Share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Target	34.20
Downside Target	35.00
Downside Target	36.00
Downside Target	38.00
Downside Target	39.35
Upside Target	40.89
Upside Target	41.50
Upside Target	43.78
Upside Target	44.30
Upside Target	44.70
Upside Target	45.84

Intraday share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Intraday Target	37.37
Downside Intraday Target	35.33
Upside Intraday Target	41.17
Upside Intraday Target	42.93
Downside Intraday Target	39.13

Weekly technical analysis of Sh Steel (ShSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	39.40	40.90	40.90	37.10	0.933 times
27 Fri Dec 2024	40.10	39.95	40.99	38.55	0.31 times
20 Fri Dec 2024	36.71	41.50	41.50	36.00	1.467 times
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

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
31 Tue Dec 2024	39.40	42.44	44.30	36.00	1.014 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 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 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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

MACD generated a SELL signal for Sh Steel in short term and the sell 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. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 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 37.86 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 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.