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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 2024-10-10 View latest technical analysis

10 day averaged volume of Sh Steel is 7305

Date	Daily Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	39.87	40.20	40.20	38.70	0.056 times
09 Wed Oct 2024	39.14	41.98	42.00	39.11	0.185 times
08 Tue Oct 2024	39.49	38.00	40.79	37.66	0.382 times
07 Mon Oct 2024	37.66	40.10	40.15	36.66	0.334 times
03 Thu Oct 2024	40.69	44.00	44.00	40.50	1.272 times
01 Tue Oct 2024	41.01	43.00	44.70	41.00	3.886 times
30 Mon Sep 2024	41.69	39.49	44.70	38.04	2.69 times
27 Fri Sep 2024	37.77	38.38	39.50	37.77	0.422 times
26 Thu Sep 2024	38.38	38.25	39.90	38.25	0.453 times
25 Wed Sep 2024	37.71	39.95	39.95	37.51	0.153 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 40 as stoploss in an intra day sell trade for a target of 38.91. However, stock will show a bullish move above 40.

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
Downside Target	38.94
Upside Target	40.40
Upside Target	41.50
Upside Target	42.00
Upside Target	43.48
Upside Target	44.70

Intraday share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Intraday Target	37.02
Downside Intraday Target	34.17
Upside Intraday Target	42.36
Upside Intraday Target	44.85
Downside Intraday Target	39.51

Weekly technical analysis of Sh Steel (ShSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	39.87	40.10	42.00	36.66	0.122 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
20 Fri Sep 2024	38.27	37.44	43.48	37.06	1.138 times
13 Fri Sep 2024	38.42	38.94	38.94	37.00	1.235 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
10 Thu Oct 2024	39.87	43.00	44.70	36.66	0.62 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 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 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 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 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 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 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 weakening, and bulls are picking up momentum!

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 BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 40.63 and Sh Steel (ShSteel) stock is trading below this level. This means that stock is falling with high volumes. 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.