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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 2024-08-05 View latest technical analysis

10 day averaged volume of Shah Alloys is 18468

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	59.98	60.49	65.88	58.15	8.076 times
02 Fri Aug 2024	59.92	62.80	62.80	59.53	0.886 times
01 Thu Aug 2024	59.61	59.00	60.01	58.16	0.81 times
31 Wed Jul 2024	58.15	59.57	59.90	57.49	1.612 times
30 Tue Jul 2024	58.54	58.57	59.94	58.00	0.847 times
29 Mon Jul 2024	59.26	60.15	60.15	58.53	1.358 times
26 Fri Jul 2024	59.20	58.14	60.72	58.14	0.907 times
25 Thu Jul 2024	59.95	58.10	60.01	58.10	0.536 times
24 Wed Jul 2024	59.03	59.98	60.00	58.10	0.753 times
23 Tue Jul 2024	59.00	58.11	60.85	58.11	0.972 times

Stock of Shah Alloys (SHAHALLOYS) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 58.7 or till 57.1. Use a stoploss of 60.11 and if the stock hits stoploss, then it can shoot up till 61.5

Share price targets for Shah Alloys (SHAHALLOYS)

Target Type	Value
Downside Target	51.95
Downside Target	56.50
Upside Target	62.00
Upside Target	62.80
Upside Target	64.50
Upside Target	65.88
Upside Target	69.90
Upside Target	70.85
Upside Target	74.00

Intraday share price targets for Shah Alloys (SHAHALLOYS)

Target Type	Value
Downside Intraday Target	56.79
Downside Intraday Target	53.61
Upside Intraday Target	64.52
Upside Intraday Target	69.07
Upside Intraday Target	61.34

Weekly technical analysis of Shah Alloys (SHAHALLOYS)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	59.98	60.49	65.88	58.15	1.465 times
02 Fri Aug 2024	59.92	60.15	62.80	57.49	1.228 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

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
05 Mon Aug 2024	59.98	59.00	65.88	58.15	0.341 times
31 Wed Jul 2024	58.15	63.33	64.50	57.49	0.633 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

Scroll below to view daily charts

Price has moved up 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 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Shah Alloys ( (SHAHALLOYS) ) based on a short to mid 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Shah Alloys in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Shah Alloys in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up 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 59.51 and Shah Alloys (SHAHALLOYS) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 negative.

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