(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 2024-08-06 View latest technical analysis
10 day averaged volume of Sh Steel is 5022
| Date | Daily Closing Price | Open | High | Low | Volume |
| 06 Tue Aug 2024 | 36.99 | 37.00 | 38.80 | 36.26 | 0.988 times |
| 05 Mon Aug 2024 | 36.90 | 37.95 | 37.95 | 35.25 | 0.619 times |
| 02 Fri Aug 2024 | 38.15 | 37.00 | 38.38 | 37.00 | 1.117 times |
| 01 Thu Aug 2024 | 37.01 | 37.52 | 38.88 | 37.00 | 1.277 times |
| 31 Wed Jul 2024 | 37.29 | 40.00 | 40.00 | 36.88 | 1.761 times |
| 30 Tue Jul 2024 | 37.75 | 37.52 | 38.39 | 36.39 | 1.828 times |
| 29 Mon Jul 2024 | 37.52 | 37.00 | 37.99 | 36.42 | 1.491 times |
| 26 Fri Jul 2024 | 37.55 | 37.80 | 38.44 | 36.99 | 1.383 times |
| 25 Thu Jul 2024 | 38.06 | 37.74 | 39.64 | 37.74 | 0.159 times |
| 24 Wed Jul 2024 | 38.51 | 38.50 | 38.51 | 38.49 | 0.098 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 37.4, but if it comes above 37.4, then a intra day buy could be more profitable.
If you take a sell trade below 37.4, then use 37.4 as stoploss and 36.4 as target. However if you take a buy trade in stock , then use 37.4 as stoploss and 38.26 as target.
Share price targets for Sh Steel (ShSteel)
| Target Type | Value |
| Downside Target | 35.25 |
| Downside Target | 36.00 |
| Upside Target | 38.00 |
| Upside Target | 38.80 |
| Upside Target | 39.64 |
| Upside Target | 39.82 |
| Upside Target | 40.00 |
| Upside Target | 41.50 |
| Upside Target | 42.00 |
| Upside Target | 43.00 |
| Upside Target | 50.80 |
Intraday share price targets for Sh Steel (ShSteel)
| Target Type | Value |
| Downside Intraday Target | 35.23 |
| Downside Intraday Target | 33.46 |
| Upside Intraday Target | 38.78 |
| Upside Intraday Target | 40.56 |
| Upside Intraday Target | 37.01 |
Weekly technical analysis of Sh Steel (ShSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 06 Tue Aug 2024 | 36.99 | 37.95 | 38.80 | 35.25 | 0.215 times |
| 02 Fri Aug 2024 | 38.15 | 37.00 | 40.00 | 36.39 | 3.766 times |
| 26 Fri Jul 2024 | 37.55 | 38.00 | 39.64 | 36.00 | 1.846 times |
| 19 Fri Jul 2024 | 38.32 | 39.82 | 39.82 | 36.00 | 0.254 times |
| 12 Fri Jul 2024 | 39.04 | 39.05 | 41.50 | 38.00 | 1.667 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 |
| 06 Tue Aug 2024 | 36.99 | 37.52 | 38.88 | 35.25 | 0.268 times |
| 31 Wed Jul 2024 | 37.29 | 38.15 | 41.50 | 36.00 | 0.891 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 |
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 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 losing momentum.
MACD generated a SELL signal for Sh Steel in short term and the sell signal is strong.
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 below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Sh Steel in short term but BUY signal is weak.
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 37.46 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.
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 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 losing momentum.
MACD generated a SELL signal for Sh Steel in short term and the sell signal is strong.
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 below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Sh Steel in short term but BUY signal is weak.
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 37.46 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.
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