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(SHAHALLOYS) Shah Alloys complete technical analysis [charts+indicators] | Buy/Sell Shah Alloys | (SHAHALLOYS) share price targets

Complete technical analysis of Shah Alloys (SHAHALLOYS) by charts plus indicators, forecast predictions and share price targets for Shah Alloys (SHAHALLOYS)

Shah Alloys trades in NSE in Iron & Steel sector.

Showing technical analysis as on 2024-01-09 View latest technical analysis

10 day averaged volume of Shah Alloys is 57234

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Jan 2024	78.50	73.00	78.50	72.95	4.135 times
08 Mon Jan 2024	71.40	65.70	71.50	63.85	1.925 times
05 Fri Jan 2024	65.00	64.10	65.75	62.55	0.725 times
04 Thu Jan 2024	63.65	65.00	66.20	63.50	0.454 times
03 Wed Jan 2024	64.10	64.80	65.00	63.00	0.162 times
02 Tue Jan 2024	63.05	65.10	66.05	62.90	0.384 times
01 Mon Jan 2024	65.10	61.80	67.00	59.40	0.748 times
29 Fri Dec 2023	63.80	64.25	64.95	61.90	0.788 times
28 Thu Dec 2023	64.10	65.00	66.55	63.00	0.862 times
27 Wed Dec 2023	65.00	69.45	69.45	64.00	1.542 times

Stock of Shah Alloys (SHAHALLOYS) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 74.6, for a target of 68.6 or 63.62

Share price targets for Shah Alloys (SHAHALLOYS)

Target Type	Value
Downside Target	43.05
Downside Target	48.50
Downside Target	50.70
Downside Target	54.50
Downside Target	57.60
Downside Target	59.40
Downside Target	61.90
Downside Target	63.50
Downside Target	67.00
Downside Target	68.65
Downside Target	72.80
Downside Target	78.50

Intraday share price targets for Shah Alloys (SHAHALLOYS)

Target Type	Value
Downside Intraday Target	68.73
Downside Intraday Target	58.97
Upside Intraday Target	83.38
Upside Intraday Target	88.27
Downside Intraday Target	73.62

Weekly technical analysis of Shah Alloys (SHAHALLOYS)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Jan 2024	78.50	65.70	78.50	63.85	2.45 times
05 Fri Jan 2024	65.00	61.80	67.00	59.40	0.442 times
29 Fri Dec 2023	63.80	72.00	72.80	61.90	5.381 times
22 Fri Sep 2023	56.05	61.70	61.95	55.20	0.113 times
15 Fri Sep 2023	60.70	60.95	68.65	57.60	2.767 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 Shah Alloys (SHAHALLOYS)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Tue Jan 2024	78.50	61.80	78.50	59.40	1.523 times
29 Fri Dec 2023	63.80	72.00	72.80	61.90	0.398 times
22 Fri Sep 2023	56.05	56.30	68.65	54.50	0.763 times
31 Thu Aug 2023	54.50	50.25	63.50	48.50	1.727 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Shah Alloys (SHAHALLOYS)

Price action analysis of Shah Alloys ( (SHAHALLOYS) ) 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 Shah Alloys ( (SHAHALLOYS) ) 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 Shah Alloys ( (SHAHALLOYS) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Shah Alloys ( (SHAHALLOYS) ) 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 Shah Alloys stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Shah Alloys 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.

Shah Alloys Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 Shah Alloys 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 Shah Alloys is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 70.54 and Shah Alloys (SHAHALLOYS) 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 Shah Alloys (SHAHALLOYS) stock. Volume based technical analysis of Shah Alloys (SHAHALLOYS) stock is negative.

Shah Alloys 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.