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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 2024-01-10 View latest technical analysis

10 day averaged volume of Shah Alloys is 67111

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Jan 2024	86.35	85.40	86.35	78.50	5.453 times
09 Tue Jan 2024	78.50	73.00	78.50	72.95	3.527 times
08 Mon Jan 2024	71.40	65.70	71.50	63.85	1.642 times
05 Fri Jan 2024	65.00	64.10	65.75	62.55	0.619 times
04 Thu Jan 2024	63.65	65.00	66.20	63.50	0.387 times
03 Wed Jan 2024	64.10	64.80	65.00	63.00	0.138 times
02 Tue Jan 2024	63.05	65.10	66.05	62.90	0.328 times
01 Mon Jan 2024	65.10	61.80	67.00	59.40	0.638 times
29 Fri Dec 2023	63.80	64.25	64.95	61.90	0.672 times
28 Thu Dec 2023	64.10	65.00	66.55	63.00	0.735 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 80.2, for a target of 71.8 or 64.7

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	86.35

Intraday share price targets for Shah Alloys (SHAHALLOYS)

Target Type	Value
Downside Intraday Target	71.35
Downside Intraday Target	56.35
Upside Intraday Target	93.85
Upside Intraday Target	101.35
Downside Intraday Target	78.85

Weekly technical analysis of Shah Alloys (SHAHALLOYS)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Jan 2024	86.35	65.70	86.35	63.85	5.036 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
10 Wed Jan 2024	86.35	61.80	86.35	59.40	2.665 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 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 77.16 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.