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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 2024-07-30 View latest technical analysis

10 day averaged volume of Shah Alloys is 19023

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	58.54	58.57	59.94	58.00	0.822 times
29 Mon Jul 2024	59.26	60.15	60.15	58.53	1.318 times
26 Fri Jul 2024	59.20	58.14	60.72	58.14	0.88 times
25 Thu Jul 2024	59.95	58.10	60.01	58.10	0.521 times
24 Wed Jul 2024	59.03	59.98	60.00	58.10	0.731 times
23 Tue Jul 2024	59.00	58.11	60.85	58.11	0.944 times
22 Mon Jul 2024	58.11	58.86	62.00	57.56	1.28 times
19 Fri Jul 2024	59.86	59.96	60.76	58.82	1.051 times
18 Thu Jul 2024	60.36	61.02	61.89	59.18	1.299 times
16 Tue Jul 2024	61.03	61.30	62.00	61.00	0.817 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 59.1, but if it comes above 59.1, then a intra day buy could be more profitable.
If you take a sell trade below 59.1, then use 59.1 as stoploss and 57.2 as target. However if you take a buy trade in stock , then use 59.1 as stoploss and 60.75 as target.

Share price targets for Shah Alloys (SHAHALLOYS)

Target Type	Value
Downside Target	51.95
Downside Target	56.50
Upside Target	62.00
Upside Target	62.44
Upside Target	64.45
Upside Target	64.50
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	57.64
Downside Intraday Target	56.75
Upside Intraday Target	59.79
Upside Intraday Target	61.05
Upside Intraday Target	58.9

Weekly technical analysis of Shah Alloys (SHAHALLOYS)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	58.54	60.15	60.15	58.00	0.491 times
26 Fri Jul 2024	59.20	58.86	62.00	57.56	1.007 times
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

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
30 Tue Jul 2024	58.54	63.33	64.50	57.56	0.598 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 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 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 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 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 SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 59.4 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.