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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 2024-07-19 View latest technical analysis

10 day averaged volume of Shah Alloys is 27081

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Jul 2024	59.86	59.96	60.76	58.82	0.738 times
18 Thu Jul 2024	60.36	61.02	61.89	59.18	0.912 times
16 Tue Jul 2024	61.03	61.30	62.00	61.00	0.574 times
15 Mon Jul 2024	61.62	61.32	62.44	60.50	0.813 times
12 Fri Jul 2024	60.77	61.82	63.44	60.43	0.533 times
11 Thu Jul 2024	60.95	61.90	61.90	60.61	0.703 times
10 Wed Jul 2024	60.60	64.50	64.50	59.69	2.317 times
09 Tue Jul 2024	63.75	63.50	63.99	61.89	1.078 times
08 Mon Jul 2024	62.57	63.39	63.95	62.01	0.576 times
05 Fri Jul 2024	62.24	64.40	64.40	61.53	1.292 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 59.5, for a target of 60.7 or 61.78

Share price targets for Shah Alloys (SHAHALLOYS)

Target Type	Value
Downside Target	51.95
Downside Target	56.50
Downside Target	58.82
Upside Target	61.60
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	58.31
Downside Intraday Target	56.75
Upside Intraday Target	61.93
Upside Intraday Target	63.99
Upside Intraday Target	60.37

Weekly technical analysis of Shah Alloys (SHAHALLOYS)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Jul 2024	59.86	61.32	62.44	58.82	0.583 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 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
19 Fri Jul 2024	59.86	63.33	64.50	58.82	0.45 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 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 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 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 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Shah Alloys in short term and the sell signal is strong.

Shah Alloys Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 61.37 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.