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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)

10 day averaged volume of Sh Steel is 422

Date	Daily Closing Price	Open	High	Low	Volume
27 Mon Jan 2025	37.58	40.00	40.00	37.40	4.82 times
24 Fri Jan 2025	37.70	40.00	40.00	37.50	0.948 times
23 Thu Jan 2025	37.21	38.44	39.98	37.01	1.261 times
22 Wed Jan 2025	38.20	39.48	39.48	37.55	0.235 times
21 Tue Jan 2025	37.39	37.11	39.80	37.11	2.483 times
20 Mon Jan 2025	39.81	40.00	40.00	38.90	0.296 times
17 Fri Jan 2025	39.75	40.40	40.40	38.80	0.178 times
16 Thu Jan 2025	38.80	42.00	42.00	38.20	0.479 times
15 Wed Jan 2025	39.90	39.17	41.50	39.17	0.076 times
14 Tue Jan 2025	38.79	38.39	39.25	37.05	0.915 times

Stock of Sh Steel (ShSteel) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 37.9, but if it comes above 37.9, then a intra day buy could be more profitable.
If you take a sell trade below 37.9, then use 37.9 as stoploss and 36.9 as target. However if you take a buy trade in stock , then use 37.9 as stoploss and 38.69 as target.

Share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Target	35.00
Downside Target	36.00
Upside Target	40.00
Upside Target	40.90
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	36.65
Downside Intraday Target	35.73
Upside Intraday Target	39.25
Upside Intraday Target	40.93
Upside Intraday Target	38.33

Weekly technical analysis of Sh Steel (ShSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Mon Jan 2025	37.58	40.00	40.00	37.40	0.923 times
24 Fri Jan 2025	37.70	40.00	40.00	37.01	1.094 times
17 Fri Jan 2025	39.75	42.00	42.00	36.51	0.367 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

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
27 Mon Jan 2025	37.58	38.61	43.00	36.51	0.198 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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 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 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

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 37.77 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.