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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 2024-08-08 View latest technical analysis

10 day averaged volume of Goyal Aluminiums is 229825

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	9.21	9.40	9.43	9.10	1.197 times
07 Wed Aug 2024	9.19	9.38	9.38	9.10	0.699 times
06 Tue Aug 2024	9.14	9.48	9.48	9.10	0.929 times
05 Mon Aug 2024	9.06	9.32	9.32	9.01	1.007 times
02 Fri Aug 2024	9.32	9.15	9.44	9.15	1.344 times
01 Thu Aug 2024	9.54	9.59	9.67	9.48	0.937 times
31 Wed Jul 2024	9.42	9.48	9.72	9.28	0.965 times
30 Tue Jul 2024	9.39	9.48	9.50	9.26	1.281 times
29 Mon Jul 2024	9.29	9.37	9.49	9.20	1.609 times
26 Fri Jul 2024	9.22	9.24	9.28	9.12	0.56 times

My analysis of stock is bearish for shortterm, and stock might move down till 8.7 or till 7.8. Use a stoploss of 9.51 and if the stock hits stoploss, then it can shoot up till 10.31

Share price targets for Goyal Aluminiums (GOYALALUM)

Target Type	Value
Downside Target	8.86
Upside Target	9.38
Upside Target	9.67
Upside Target	11.55
Upside Target	12.15
Upside Target	13.40
Upside Target	14.10
Upside Target	19.05
Upside Target	255.80
Upside Target	298.70

Intraday share price targets for Goyal Aluminiums (GOYALALUM)

Target Type	Value
Downside Intraday Target	8.99
Downside Intraday Target	8.76
Upside Intraday Target	9.46
Upside Intraday Target	9.7
Upside Intraday Target	9.23

Weekly technical analysis of Goyal Aluminiums (GOYALALUM)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	9.21	9.32	9.48	9.01	0.625 times
02 Fri Aug 2024	9.32	9.37	9.72	9.15	1.533 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

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 Goyal Aluminiums (GOYALALUM)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	9.21	9.59	9.67	9.01	0.502 times
31 Wed Jul 2024	9.42	9.48	9.72	8.86	0.517 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

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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Goyal Aluminiums ( (GOYALALUM) ) 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 Goyal Aluminiums ( (GOYALALUM) ) 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 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 but BUY signal is weak.

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

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Goyal Aluminiums is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 9.29 and Goyal Aluminiums (GOYALALUM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 is giving positive 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.