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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 2024-01-17 View latest technical analysis

10 day averaged volume of Shah Alloys is 138326

Date	Daily Closing Price	Open	High	Low	Volume
17 Wed Jan 2024	81.05	81.95	84.00	80.25	0.43 times
16 Tue Jan 2024	84.15	89.00	89.00	82.15	0.523 times
15 Mon Jan 2024	86.45	90.00	90.00	83.20	0.543 times
12 Fri Jan 2024	86.65	90.55	94.25	86.15	2.338 times
11 Thu Jan 2024	90.65	90.00	90.65	89.00	0.887 times
10 Wed Jan 2024	86.35	85.40	86.35	78.50	2.646 times
09 Tue Jan 2024	78.50	73.00	78.50	72.95	1.711 times
08 Mon Jan 2024	71.40	65.70	71.50	63.85	0.797 times
05 Fri Jan 2024	65.00	64.10	65.75	62.55	0.3 times
04 Thu Jan 2024	63.65	65.00	66.20	63.50	0.188 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 81.9 as stoploss in an intra day sell trade for a target of 71.02. However, stock will show a bullish move above 81.9.

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	80.25
Upside Target	90.00
Upside Target	94.25

Intraday share price targets for Shah Alloys (SHAHALLOYS)

Target Type	Value
Downside Intraday Target	77.53
Downside Intraday Target	74.02
Upside Intraday Target	87.28
Upside Intraday Target	93.52
Upside Intraday Target	83.77

Weekly technical analysis of Shah Alloys (SHAHALLOYS)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Wed Jan 2024	81.05	90.00	90.00	80.25	0.179 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
17 Wed Jan 2024	81.05	61.80	94.25	59.40	4.702 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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.

Shah Alloys Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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

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 82.99 and Shah Alloys (SHAHALLOYS) 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 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.