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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 2024-11-18 View latest technical analysis

10 day averaged volume of Sh Steel is 4407

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	38.84	41.54	42.38	38.25	0.739 times
14 Thu Nov 2024	42.39	44.00	44.00	38.40	0.69 times
13 Wed Nov 2024	41.50	43.00	43.00	39.10	0.496 times
12 Tue Nov 2024	41.24	44.85	44.85	40.11	0.507 times
11 Mon Nov 2024	42.61	40.48	43.80	40.48	3.93 times
08 Fri Nov 2024	41.31	43.90	43.90	41.26	0.102 times
07 Thu Nov 2024	42.32	41.80	43.88	41.21	0.253 times
06 Wed Nov 2024	42.21	43.99	43.99	41.50	0.214 times
05 Tue Nov 2024	41.88	42.45	44.00	41.00	3.42 times
04 Mon Nov 2024	39.99	41.99	41.99	39.51	0.2 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 38.9, but if it comes above 38.9, then a intra day buy could be more profitable.
If you take a sell trade below 38.9, then use 38.9 as stoploss and 37.1 as target. However if you take a buy trade in stock , then use 38.9 as stoploss and 40.39 as target.

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
Upside Target	39.51
Upside Target	40.82
Upside Target	42.05
Upside Target	42.38
Upside Target	44.00
Upside Target	44.70
Upside Target	44.85

Intraday share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Intraday Target	37.27
Downside Intraday Target	35.69
Upside Intraday Target	41.4
Upside Intraday Target	43.95
Upside Intraday Target	39.82

Weekly technical analysis of Sh Steel (ShSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	38.84	41.54	42.38	38.25	0.131 times
14 Thu Nov 2024	42.39	40.48	44.85	38.40	1.342 times
08 Fri Nov 2024	41.31	41.99	44.00	39.51	1.233 times
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

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
18 Mon Nov 2024	38.84	41.50	44.85	38.25	0.534 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 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 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 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 SELL signal for Sh Steel in short term but the sell signal is initial and weak.

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 coming down

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 41.9 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.