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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 2024-01-22 View latest technical analysis

10 day averaged volume of Shah Alloys is 147602

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	82.80	87.75	88.00	82.60	0.386 times
19 Fri Jan 2024	86.95	88.70	89.35	85.00	0.434 times
18 Thu Jan 2024	85.10	81.00	85.10	78.25	0.311 times
17 Wed Jan 2024	81.05	81.95	84.00	80.25	0.403 times
16 Tue Jan 2024	84.15	89.00	89.00	82.15	0.49 times
15 Mon Jan 2024	86.45	90.00	90.00	83.20	0.509 times
12 Fri Jan 2024	86.65	90.55	94.25	86.15	2.192 times
11 Thu Jan 2024	90.65	90.00	90.65	89.00	0.832 times
10 Wed Jan 2024	86.35	85.40	86.35	78.50	2.48 times
09 Tue Jan 2024	78.50	73.00	78.50	72.95	1.603 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 85.3 as stoploss in an intra day sell trade for a target of 75.17. However, stock will show a bullish move above 85.3.

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	78.25
Downside Target	82.60
Upside Target	88.00
Upside Target	90.00
Upside Target	94.25

Intraday share price targets for Shah Alloys (SHAHALLOYS)

Target Type	Value
Downside Intraday Target	80.93
Downside Intraday Target	79.07
Upside Intraday Target	86.33
Upside Intraday Target	89.87
Upside Intraday Target	84.47

Weekly technical analysis of Shah Alloys (SHAHALLOYS)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	82.80	87.75	88.00	82.60	0.18 times
19 Fri Jan 2024	86.95	90.00	90.00	78.25	0.273 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

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
22 Mon Jan 2024	82.80	61.80	94.25	59.40	5.223 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 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 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 and SELL signal is strong!

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 85 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.