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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 2024-11-11 View latest technical analysis

10 day averaged volume of Sh Steel is 3345

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	42.61	40.48	43.80	40.48	5.178 times
08 Fri Nov 2024	41.31	43.90	43.90	41.26	0.135 times
07 Thu Nov 2024	42.32	41.80	43.88	41.21	0.334 times
06 Wed Nov 2024	42.21	43.99	43.99	41.50	0.282 times
05 Tue Nov 2024	41.88	42.45	44.00	41.00	4.506 times
04 Mon Nov 2024	39.99	41.99	41.99	39.51	0.264 times
01 Fri Nov 2024	41.52	41.50	41.95	41.00	0.247 times
31 Thu Oct 2024	40.84	40.16	42.05	40.00	4.025 times
30 Wed Oct 2024	39.77	39.98	39.98	39.77	0.012 times
29 Tue Oct 2024	38.80	38.79	38.80	38.79	0.042 times

Stock of Sh Steel (ShSteel) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 41.6, but if it comes below 41.6, then a intra day sell could be more profitable.
If you take a sell trade below 41.6, then use 41.6 as stoploss and 40.24 as target. However if you take a buy trade in stock , then use 41.6 as stoploss and 43.3 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	40.48
Downside Target	42.05
Downside Target	42.50
Upside Target	43.80
Upside Target	44.00
Upside Target	44.70

Intraday share price targets for Sh Steel (ShSteel)

Target Type	Value
Downside Intraday Target	40.79
Downside Intraday Target	38.98
Upside Intraday Target	44.11
Upside Intraday Target	45.62
Downside Intraday Target	42.3

Weekly technical analysis of Sh Steel (ShSteel)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	42.61	40.48	43.80	40.48	0.938 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
11 Mon Nov 2024	42.61	41.50	44.00	39.51	0.413 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 Weak 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 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 SELL signal in short term but selling is losing 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 41.81 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.