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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 2024-12-20 View latest technical analysis

10 day averaged volume of Sh Steel is 2056

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Dec 2024	36.71	39.40	40.50	36.00	6.94 times
19 Thu Dec 2024	40.69	40.97	40.97	39.46	0.069 times
18 Wed Dec 2024	40.49	40.99	40.99	39.46	0.336 times
17 Tue Dec 2024	39.51	40.00	40.00	39.51	0.254 times
16 Mon Dec 2024	40.06	41.50	41.50	40.00	0.45 times
13 Fri Dec 2024	41.33	41.96	41.96	40.00	0.62 times
12 Thu Dec 2024	40.51	43.78	43.78	39.57	1.836 times
11 Wed Dec 2024	41.89	42.37	42.37	41.83	0.31 times
10 Tue Dec 2024	41.86	40.80	42.50	40.01	1.738 times
09 Mon Dec 2024	40.00	39.35	40.69	39.35	0.985 times

Stock of Sh Steel (ShSteel) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 38.2, for a target of 39.5 or 40.59

Share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Target	34.20
Downside Target	35.00
Downside Target	36.00
Upside Target	38.00
Upside Target	39.35
Upside Target	40.89
Upside Target	43.78
Upside Target	44.30
Upside Target	44.70
Upside Target	45.84

Intraday share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Intraday Target	34.64
Downside Intraday Target	32.57
Upside Intraday Target	40.14
Upside Intraday Target	43.57
Upside Intraday Target	38.07

Weekly technical analysis of Sh Steel (ShSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Dec 2024	36.71	41.50	41.50	36.00	1.467 times
13 Fri Dec 2024	41.33	39.35	43.78	39.35	0.37 times
06 Fri Dec 2024	40.30	42.44	44.30	39.50	3.774 times
29 Fri Nov 2024	40.97	38.00	43.80	38.00	0.533 times
22 Fri Nov 2024	41.00	41.54	45.84	38.25	0.612 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
20 Fri Dec 2024	36.71	42.44	44.30	36.00	0.866 times
29 Fri Nov 2024	40.97	41.50	45.84	38.00	0.759 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

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 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 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 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 coming down

CCI has generated a SELL signal for Sh Steel in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 38.73 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.