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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 2024-04-03 View latest technical analysis

10 day averaged volume of Sh Steel is 6659

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	41.01	41.65	42.49	39.66	0.705 times
02 Tue Apr 2024	41.64	37.34	43.00	37.34	6.136 times
01 Mon Apr 2024	37.34	38.80	38.85	36.50	0.323 times
28 Thu Mar 2024	37.97	37.50	38.00	37.50	0.109 times
27 Wed Mar 2024	36.81	35.60	38.95	35.60	0.264 times
26 Tue Mar 2024	38.00	39.70	39.70	37.01	1.022 times
22 Fri Mar 2024	38.00	38.00	38.25	37.50	0.138 times
21 Thu Mar 2024	37.70	36.50	38.00	36.50	0.216 times
20 Wed Mar 2024	36.27	37.00	37.05	36.19	0.204 times
19 Tue Mar 2024	36.55	39.79	39.79	36.50	0.248 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 38.11 as target. However if you take a buy trade in stock , then use 39.8 as stoploss and 41.8 as target.

Share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Target	32.81
Downside Target	34.26
Downside Target	35.60
Downside Target	39.70
Downside Target	40.70
Upside Target	43.00
Upside Target	43.20
Upside Target	47.70
Upside Target	47.99
Upside Target	48.04

Intraday share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Intraday Target	37.34
Downside Intraday Target	33.67
Upside Intraday Target	43.84
Upside Intraday Target	46.67
Downside Intraday Target	40.17

Weekly technical analysis of Sh Steel (ShSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	41.01	38.80	43.00	36.50	5.137 times
28 Thu Mar 2024	37.97	39.70	39.70	35.60	0.65 times
22 Fri Mar 2024	38.00	37.95	39.97	36.10	0.134 times
15 Fri Mar 2024	36.52	38.80	47.99	34.26	14.362 times
07 Thu Mar 2024	38.00	40.20	40.70	37.05	0.885 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 Wed Apr 2024	41.01	38.80	43.00	36.50	0.345 times
28 Thu Mar 2024	37.97	39.70	47.99	34.26	1.3 times
29 Thu Feb 2024	38.11	41.00	43.20	37.30	0.392 times
31 Wed Jan 2024	39.50	37.40	47.70	36.45	0.527 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

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 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 40.47 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.