Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-10-03 View latest technical analysis

10 day averaged volume of Sh Steel is 6607

Date	Daily Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	40.69	44.00	44.00	40.50	1.406 times
01 Tue Oct 2024	41.01	43.00	44.70	41.00	4.297 times
30 Mon Sep 2024	41.69	39.49	44.70	38.04	2.974 times
27 Fri Sep 2024	37.77	38.38	39.50	37.77	0.467 times
26 Thu Sep 2024	38.38	38.25	39.90	38.25	0.501 times
25 Wed Sep 2024	37.71	39.95	39.95	37.51	0.169 times
24 Tue Sep 2024	38.50	38.57	39.99	38.30	0.246 times
23 Mon Sep 2024	38.57	36.35	40.40	36.35	0.416 times
20 Fri Sep 2024	38.27	38.45	39.00	38.05	0.421 times
19 Thu Sep 2024	37.68	37.40	40.00	37.06	0.331 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 39.8, but if it comes below 39.8, then a intra day sell could be more profitable.
If you take a sell trade below 39.8, then use 39.8 as stoploss and 38.69 as target. However if you take a buy trade in stock , then use 39.8 as stoploss and 41.2 as target.

Share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Target	34.20
Downside Target	35.00
Downside Target	36.00
Downside Target	38.04
Downside Target	38.94
Downside Target	40.40
Upside Target	40.89
Upside Target	41.50
Upside Target	42.00
Upside Target	43.48
Upside Target	44.70

Intraday share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Intraday Target	37.59
Downside Intraday Target	34.48
Upside Intraday Target	44.25
Upside Intraday Target	47.8
Upside Intraday Target	41.14

Weekly technical analysis of Sh Steel (ShSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	40.69	39.49	44.70	38.04	4.824 times
27 Fri Sep 2024	37.77	36.35	40.40	36.35	0.759 times
20 Fri Sep 2024	38.27	37.44	43.48	37.06	1.138 times
13 Fri Sep 2024	38.42	38.94	38.94	37.00	1.235 times
06 Fri Sep 2024	38.64	38.25	39.54	35.00	0.918 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Sh Steel (ShSteel)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	40.69	43.00	44.70	40.50	0.523 times
30 Mon Sep 2024	41.69	38.25	44.70	35.00	0.935 times
30 Fri Aug 2024	37.72	37.52	40.89	34.20	1.028 times
31 Wed Jul 2024	37.29	38.15	41.50	36.00	0.891 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 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 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 Strong 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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 positive zone. This is a BUY 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 40.5 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.