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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 2024-07-05 View latest technical analysis

10 day averaged volume of Sh Steel is 3126

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Jul 2024	39.77	39.90	40.00	38.41	1.282 times
04 Thu Jul 2024	39.17	39.87	39.87	38.60	0.428 times
03 Wed Jul 2024	39.09	38.60	40.49	38.60	0.873 times
02 Tue Jul 2024	39.60	39.45	40.49	38.56	1.258 times
01 Mon Jul 2024	38.55	38.15	39.60	38.15	0.245 times
28 Fri Jun 2024	38.93	39.00	39.98	38.00	0.779 times
27 Thu Jun 2024	39.00	39.25	39.88	38.30	0.514 times
26 Wed Jun 2024	39.04	39.85	40.00	39.00	3.201 times
25 Tue Jun 2024	40.12	40.34	41.39	39.85	1.157 times
24 Mon Jun 2024	39.15	39.31	39.95	38.35	0.772 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 39.7, but if it comes below 39.7, then a intra day sell could be more profitable.
If you take a sell trade below 39.7, then use 39.7 as stoploss and 39.25 as target. However if you take a buy trade in stock , then use 39.7 as stoploss and 40.2 as target.

Share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Target	34.26
Downside Target	36.00
Downside Target	37.01
Upside Target	40.25
Upside Target	40.49
Upside Target	41.01
Upside Target	41.39
Upside Target	42.00
Upside Target	43.00
Upside Target	47.99
Upside Target	50.80

Intraday share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Intraday Target	38.45
Downside Intraday Target	37.13
Upside Intraday Target	40.79
Upside Intraday Target	41.81
Downside Intraday Target	39.47

Weekly technical analysis of Sh Steel (ShSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Jul 2024	39.77	38.15	40.49	38.15	0.636 times
28 Fri Jun 2024	38.93	39.31	41.39	38.00	1.5 times
21 Fri Jun 2024	39.15	38.01	42.00	38.01	0.498 times
14 Fri Jun 2024	40.00	39.96	40.25	37.50	1.13 times
07 Fri Jun 2024	38.99	40.90	41.01	36.10	1.285 times

Price has moved up 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
05 Fri Jul 2024	39.77	38.15	40.49	38.15	0.152 times
28 Fri Jun 2024	38.93	40.90	42.00	36.10	0.214 times
31 Fri May 2024	39.23	39.80	50.80	37.01	4.725 times
30 Tue Apr 2024	39.80	38.80	43.00	36.00	0.602 times

Scroll below to view daily charts

Price has moved up 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 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 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 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 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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Sh Steel in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 39.31 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 is giving positive 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.