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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 2024-11-14 View latest technical analysis

10 day averaged volume of Sh Steel is 5450

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	42.39	44.00	44.00	38.40	0.558 times
13 Wed Nov 2024	41.50	43.00	43.00	39.10	0.401 times
12 Tue Nov 2024	41.24	44.85	44.85	40.11	0.41 times
11 Mon Nov 2024	42.61	40.48	43.80	40.48	3.178 times
08 Fri Nov 2024	41.31	43.90	43.90	41.26	0.083 times
07 Thu Nov 2024	42.32	41.80	43.88	41.21	0.205 times
06 Wed Nov 2024	42.21	43.99	43.99	41.50	0.173 times
05 Tue Nov 2024	41.88	42.45	44.00	41.00	2.766 times
04 Mon Nov 2024	39.99	41.99	41.99	39.51	0.162 times
01 Fri Nov 2024	41.52	41.50	41.95	41.00	0.151 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 41.9, but if it comes below 41.9, then a intra day sell could be more profitable.
If you take a sell trade below 41.9, then use 41.9 as stoploss and 40.43 as target. However if you take a buy trade in stock , then use 41.9 as stoploss and 43.6 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	37.60
Downside Target	39.51
Downside Target	40.82
Downside Target	42.05
Upside Target	42.50
Upside Target	44.00
Upside Target	44.70
Upside Target	44.85

Intraday share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Intraday Target	38.91
Downside Intraday Target	35.43
Upside Intraday Target	45.36
Upside Intraday Target	48.33
Downside Intraday Target	41.88

Weekly technical analysis of Sh Steel (ShSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	42.39	40.48	44.85	38.40	1.342 times
08 Fri Nov 2024	41.31	41.99	44.00	39.51	1.233 times
01 Fri Nov 2024	41.52	39.50	42.05	38.10	1.417 times
25 Fri Oct 2024	38.69	39.60	40.82	37.60	0.619 times
18 Fri Oct 2024	39.60	40.29	42.50	38.31	1.858 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
14 Thu Nov 2024	42.39	41.50	44.85	38.40	0.497 times
31 Thu Oct 2024	40.84	43.00	44.70	36.66	1.23 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

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 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 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 Weak and stock is gaining 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 getting stronger in this stock.

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 but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 42.12 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.