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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 2024-07-16 View latest technical analysis

10 day averaged volume of Shah Alloys is 26668

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	61.03	61.30	62.00	61.00	0.583 times
15 Mon Jul 2024	61.62	61.32	62.44	60.50	0.826 times
12 Fri Jul 2024	60.77	61.82	63.44	60.43	0.541 times
11 Thu Jul 2024	60.95	61.90	61.90	60.61	0.714 times
10 Wed Jul 2024	60.60	64.50	64.50	59.69	2.353 times
09 Tue Jul 2024	63.75	63.50	63.99	61.89	1.094 times
08 Mon Jul 2024	62.57	63.39	63.95	62.01	0.585 times
05 Fri Jul 2024	62.24	64.40	64.40	61.53	1.312 times
04 Thu Jul 2024	62.85	64.45	64.45	61.25	1.22 times
03 Wed Jul 2024	62.47	61.69	63.95	61.52	0.659 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 60.8 as stoploss in an intra day buy trade for a target of 62.4. However, stock will show a bearish move below 60.8.

Share price targets for Shah Alloys (SHAHALLOYS)

Target Type	Value
Downside Target	51.95
Downside Target	56.50
Downside Target	59.40
Upside Target	64.45
Upside Target	64.50
Upside Target	65.00
Upside Target	69.90
Upside Target	70.85
Upside Target	74.00
Upside Target	94.25

Intraday share price targets for Shah Alloys (SHAHALLOYS)

Target Type	Value
Downside Intraday Target	60.21
Downside Intraday Target	59.38
Upside Intraday Target	62.15
Upside Intraday Target	63.26
Upside Intraday Target	61.32

Weekly technical analysis of Shah Alloys (SHAHALLOYS)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	61.03	61.32	62.44	60.50	0.266 times
12 Fri Jul 2024	60.77	63.39	64.50	59.69	0.922 times
05 Fri Jul 2024	62.24	63.33	64.45	60.25	0.629 times
28 Fri Jun 2024	62.09	65.00	65.00	57.50	1.171 times
21 Fri Jun 2024	62.29	71.00	74.00	61.60	0.756 times

Price has moved up 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 Jul 2024	61.03	63.33	64.50	59.69	0.396 times
28 Fri Jun 2024	62.09	59.70	74.00	51.95	2.866 times
31 Fri May 2024	56.95	66.35	69.90	56.50	3.46 times
30 Tue Apr 2024	66.90	65.00	70.85	60.25	0.044 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 mid to longer 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.

ADX buy sell signal for Shah Alloys stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Shah Alloys in short term and the sell 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. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below 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 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 61.83 and Shah Alloys (SHAHALLOYS) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.