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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 2024-01-16 View latest technical analysis

10 day averaged volume of Shah Alloys is 133293

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	84.15	89.00	89.00	82.15	0.542 times
15 Mon Jan 2024	86.45	90.00	90.00	83.20	0.564 times
12 Fri Jan 2024	86.65	90.55	94.25	86.15	2.427 times
11 Thu Jan 2024	90.65	90.00	90.65	89.00	0.921 times
10 Wed Jan 2024	86.35	85.40	86.35	78.50	2.746 times
09 Tue Jan 2024	78.50	73.00	78.50	72.95	1.776 times
08 Mon Jan 2024	71.40	65.70	71.50	63.85	0.827 times
05 Fri Jan 2024	65.00	64.10	65.75	62.55	0.312 times
04 Thu Jan 2024	63.65	65.00	66.20	63.50	0.195 times
03 Wed Jan 2024	64.10	64.80	65.00	63.00	0.069 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 80.9, but if it comes below 80.9, then a intra day sell could be more profitable.
If you take a sell trade below 80.9, then use 80.9 as stoploss and 69.93 as target. However if you take a buy trade in stock , then use 80.9 as stoploss and 94 as target.

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	59.40
Downside Target	61.90
Downside Target	63.50
Downside Target	67.00
Downside Target	68.65
Downside Target	72.80
Downside Target	82.15
Upside Target	90.00
Upside Target	94.25

Intraday share price targets for Shah Alloys (SHAHALLOYS)

Target Type	Value
Downside Intraday Target	80.87
Downside Intraday Target	77.58
Upside Intraday Target	88.72
Upside Intraday Target	93.28
Upside Intraday Target	85.43

Weekly technical analysis of Shah Alloys (SHAHALLOYS)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	84.15	90.00	90.00	82.15	0.127 times
12 Fri Jan 2024	86.65	65.70	94.25	63.85	8.188 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

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 Shah Alloys (SHAHALLOYS)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	84.15	61.80	94.25	59.40	4.517 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 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 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 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 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 losing 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Shah Alloys in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Shah Alloys is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 82.94 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.