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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 2025-01-13 View latest technical analysis

10 day averaged volume of Sh Steel is 1206

Date	Daily Closing Price	Open	High	Low	Volume
13 Mon Jan 2025	38.15	42.00	42.00	36.51	1.095 times
10 Fri Jan 2025	38.39	39.70	39.70	38.05	0.495 times
09 Thu Jan 2025	38.73	38.02	39.83	38.02	0.549 times
08 Wed Jan 2025	39.08	43.00	43.00	39.08	1.756 times
07 Tue Jan 2025	39.79	38.00	40.50	37.74	0.309 times
06 Mon Jan 2025	38.51	40.04	40.04	37.50	1.438 times
03 Fri Jan 2025	39.25	39.90	39.90	38.55	0.644 times
02 Thu Jan 2025	38.74	40.00	40.00	38.14	0.299 times
01 Wed Jan 2025	38.67	38.61	40.50	38.61	0.538 times
31 Tue Dec 2024	39.40	37.10	40.90	37.10	2.986 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 38.3, but if it comes above 38.3, then a intra day buy could be more profitable.
If you take a sell trade below 38.3, then use 38.3 as stoploss and 37.2 as target. However if you take a buy trade in stock , then use 38.3 as stoploss and 39.17 as target.

Share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Target	35.00
Downside Target	36.00
Upside Target	40.90
Upside Target	41.50
Upside Target	42.00
Upside Target	43.00
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	35.77
Downside Intraday Target	33.4
Upside Intraday Target	41.26
Upside Intraday Target	44.38
Upside Intraday Target	38.89

Weekly technical analysis of Sh Steel (ShSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Mon Jan 2025	38.15	42.00	42.00	36.51	0.241 times
10 Fri Jan 2025	38.39	40.04	43.00	37.50	0.834 times
03 Fri Jan 2025	39.25	40.90	40.90	37.10	1.281 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

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
13 Mon Jan 2025	38.15	38.61	43.00	36.51	0.126 times
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

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 Weak 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 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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Sh Steel in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY 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 38.94 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.