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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 2024-08-26 View latest technical analysis

10 day averaged volume of Sh Steel is 3846

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	38.66	38.50	39.70	37.52	0.341 times
23 Fri Aug 2024	38.55	38.56	38.56	37.75	0.576 times
22 Thu Aug 2024	38.56	37.68	40.28	37.68	0.573 times
21 Wed Aug 2024	38.45	38.50	39.55	38.15	0.246 times
20 Tue Aug 2024	38.97	38.45	39.00	37.70	0.919 times
19 Mon Aug 2024	38.45	36.86	39.00	35.60	2.828 times
16 Fri Aug 2024	36.14	37.88	37.88	36.01	2.332 times
14 Wed Aug 2024	37.00	36.90	37.99	36.00	0.173 times
13 Tue Aug 2024	36.90	37.10	37.20	36.50	0.343 times
12 Mon Aug 2024	37.14	38.99	38.99	36.60	0.648 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 37.64 as target. However if you take a buy trade in stock , then use 38.4 as stoploss and 39.4 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	39.70
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	37.55
Downside Intraday Target	36.45
Upside Intraday Target	39.73
Upside Intraday Target	40.81
Downside Intraday Target	38.63

Weekly technical analysis of Sh Steel (ShSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	38.66	38.50	39.70	37.52	0.066 times
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

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
26 Mon Aug 2024	38.66	37.52	40.28	34.20	0.884 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 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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Sh Steel stock for short term is BUY. Signal strength is Strong and stock is gaining 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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 37.74 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 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 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.