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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 2024-08-09 View latest technical analysis

10 day averaged volume of Shah Alloys is 107586

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	65.90	68.30	70.09	63.05	0.847 times
08 Thu Aug 2024	67.63	72.00	72.00	67.15	1.198 times
07 Wed Aug 2024	71.55	63.95	73.54	62.01	5.315 times
06 Tue Aug 2024	61.39	61.35	62.60	54.35	0.999 times
05 Mon Aug 2024	59.98	60.49	65.88	58.15	1.386 times
02 Fri Aug 2024	59.92	62.80	62.80	59.53	0.152 times
01 Thu Aug 2024	59.61	59.00	60.01	58.16	0.139 times
31 Wed Jul 2024	58.15	59.57	59.90	57.49	0.277 times
30 Tue Jul 2024	58.54	58.57	59.94	58.00	0.145 times
29 Mon Jul 2024	59.26	60.15	60.15	58.53	0.233 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 64.4, but if it comes below 64.4, then a intra day sell could be more profitable.
If you take a sell trade below 64.4, then use 64.4 as stoploss and 61.04 as target. However if you take a buy trade in stock , then use 64.4 as stoploss and 68.4 as target.

Share price targets for Shah Alloys (SHAHALLOYS)

Target Type	Value
Downside Target	51.95
Downside Target	54.35
Downside Target	56.50
Downside Target	58.82
Downside Target	62.00
Downside Target	64.50
Upside Target	69.90
Upside Target	70.85
Upside Target	73.54
Upside Target	74.00

Intraday share price targets for Shah Alloys (SHAHALLOYS)

Target Type	Value
Downside Intraday Target	55.65
Downside Intraday Target	45.41
Upside Intraday Target	74.84
Upside Intraday Target	83.79
Downside Intraday Target	64.6

Weekly technical analysis of Shah Alloys (SHAHALLOYS)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	65.90	60.49	73.54	54.35	10.299 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Shah Alloys (SHAHALLOYS)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	65.90	59.00	73.54	54.35	2.039 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, 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 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 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.

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

Shah Alloys Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Shah Alloys in short term but SELL signal is weak.

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 67.1 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.