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(GOYALALUM) Goyal Aluminiums complete technical analysis [charts+indicators] | Buy/Sell Goyal Aluminiums | (GOYALALUM) share price targets

Complete technical analysis of Goyal Aluminiums (GOYALALUM) by charts plus indicators, forecast predictions and share price targets for Goyal Aluminiums (GOYALALUM)

Showing technical analysis as on 2024-07-29 View latest technical analysis

10 day averaged volume of Goyal Aluminiums is 204904

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	9.29	9.37	9.49	9.20	1.805 times
26 Fri Jul 2024	9.22	9.24	9.28	9.12	0.628 times
25 Thu Jul 2024	9.11	9.20	9.24	9.08	0.75 times
24 Wed Jul 2024	9.22	9.10	9.28	9.06	1.036 times
23 Tue Jul 2024	9.09	9.24	9.35	8.86	1.045 times
22 Mon Jul 2024	9.24	9.30	9.38	9.17	1.031 times
19 Fri Jul 2024	9.12	9.10	9.29	9.00	0.836 times
18 Thu Jul 2024	9.10	9.35	9.35	9.05	1.479 times
16 Tue Jul 2024	9.35	9.60	9.60	9.28	1.123 times
15 Mon Jul 2024	9.46	9.48	9.69	9.11	1.416 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 8.8 as stoploss in an intra day buy trade for a target of 11.91. However, stock will show a bearish move below 8.8.

Share price targets for Goyal Aluminiums (GOYALALUM)

Target Type	Value
Downside Target	8.86
Downside Target	9.20
Upside Target	9.69
Upside Target	11.55
Upside Target	12.15
Upside Target	12.75
Upside Target	13.40
Upside Target	14.10
Upside Target	16.10
Upside Target	19.05
Upside Target	195.10
Upside Target	255.80
Upside Target	271.90
Upside Target	298.70

Intraday share price targets for Goyal Aluminiums (GOYALALUM)

Target Type	Value
Downside Intraday Target	9.16
Downside Intraday Target	9.04
Upside Intraday Target	9.45
Upside Intraday Target	9.62
Upside Intraday Target	9.33

Weekly technical analysis of Goyal Aluminiums (GOYALALUM)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	9.29	9.37	9.49	9.20	0.402 times
26 Fri Jul 2024	9.22	9.30	9.38	8.86	0.925 times
19 Fri Jul 2024	9.12	9.48	9.69	9.00	3.437 times
06 Tue Jun 2023	11.55	12.15	12.15	11.55	0.022 times
02 Fri Jun 2023	12.75	15.55	16.10	12.75	34.37 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 Goyal Aluminiums (GOYALALUM)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	9.29	9.48	9.69	8.86	0.422 times
06 Tue Jun 2023	11.55	13.40	13.40	11.55	0.622 times
31 Wed May 2023	14.10	19.05	19.05	14.10	3.048 times
09 Thu Mar 2023	292.45	272.15	298.70	255.80	0.648 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 Goyal Aluminiums (GOYALALUM)

Price action analysis of Goyal Aluminiums ( (GOYALALUM) ) 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 Goyal Aluminiums ( (GOYALALUM) ) 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 Goyal Aluminiums ( (GOYALALUM) ) 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 Goyal Aluminiums stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Goyal Aluminiums in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Goyal Aluminiums 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 moving up

CCI has generated a buy signal for Goyal Aluminiums in short term and BUY 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 Goyal Aluminiums is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 9.23 and Goyal Aluminiums (GOYALALUM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Goyal Aluminiums (GOYALALUM) stock. Volume based technical analysis of Goyal Aluminiums (GOYALALUM) stock is negative.

Goyal Aluminiums 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.