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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 2024-08-23 View latest technical analysis

10 day averaged volume of Sh Steel is 4029

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	38.55	38.56	38.56	37.75	0.55 times
22 Thu Aug 2024	38.56	37.68	40.28	37.68	0.547 times
21 Wed Aug 2024	38.45	38.50	39.55	38.15	0.235 times
20 Tue Aug 2024	38.97	38.45	39.00	37.70	0.877 times
19 Mon Aug 2024	38.45	36.86	39.00	35.60	2.699 times
16 Fri Aug 2024	36.14	37.88	37.88	36.01	2.226 times
14 Wed Aug 2024	37.00	36.90	37.99	36.00	0.165 times
13 Tue Aug 2024	36.90	37.10	37.20	36.50	0.327 times
12 Mon Aug 2024	37.14	38.99	38.99	36.60	0.618 times
09 Fri Aug 2024	38.45	35.00	39.30	34.20	1.3 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 38.4, but if it comes below 38.4, then a intra day sell could be more profitable.
If you take a sell trade below 38.4, then use 38.4 as stoploss and 37.59 as target. However if you take a buy trade in stock , then use 38.4 as stoploss and 39.3 as target.

Share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Target	34.20
Downside Target	35.60
Upside Target	38.99
Upside Target	39.64
Upside Target	40.00
Upside Target	40.28
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	36.01
Downside Intraday Target	33.46
Upside Intraday Target	40.69
Upside Intraday Target	42.82
Downside Intraday Target	38.14

Weekly technical analysis of Sh Steel (ShSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	38.55	36.86	40.28	35.60	1.471 times
16 Fri Aug 2024	36.14	38.99	38.99	36.00	0.683 times
09 Fri Aug 2024	38.45	37.95	39.30	34.20	0.525 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

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
23 Fri Aug 2024	38.55	37.52	40.28	34.20	0.866 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Sh Steel stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Sh Steel in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sh Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Sh Steel in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 37.81 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.