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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 2024-08-14 View latest technical analysis

10 day averaged volume of Shah Alloys is 124251

Date	Daily Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	60.30	59.25	61.98	59.25	0.247 times
13 Tue Aug 2024	59.71	61.86	63.31	58.81	0.271 times
12 Mon Aug 2024	61.86	63.40	64.78	60.99	0.799 times
09 Fri Aug 2024	65.90	68.30	70.09	63.05	0.734 times
08 Thu Aug 2024	67.63	72.00	72.00	67.15	1.037 times
07 Wed Aug 2024	71.55	63.95	73.54	62.01	4.602 times
06 Tue Aug 2024	61.39	61.35	62.60	54.35	0.865 times
05 Mon Aug 2024	59.98	60.49	65.88	58.15	1.2 times
02 Fri Aug 2024	59.92	62.80	62.80	59.53	0.132 times
01 Thu Aug 2024	59.61	59.00	60.01	58.16	0.12 times

My analysis of stock is bearish for shortterm, and stock might move down till 57.6 or till 53.6. Use a stoploss of 60.97 and if the stock hits stoploss, then it can shoot up till 64.33

Share price targets for Shah Alloys (SHAHALLOYS)

Target Type	Value
Downside Target	51.95
Downside Target	54.35
Downside Target	56.50
Downside Target	58.81
Downside Target	60.25
Upside Target	62.00
Upside Target	64.50
Upside Target	64.78
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	57.81
Downside Intraday Target	55.33
Upside Intraday Target	63.78
Upside Intraday Target	67.27
Upside Intraday Target	61.3

Weekly technical analysis of Shah Alloys (SHAHALLOYS)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	60.30	63.40	64.78	58.81	0.156 times
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

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
14 Wed Aug 2024	60.30	59.00	73.54	54.35	2.348 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 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 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 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 SELL. Signal strength is Weak and stock is gaining momentum.

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

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 moving up

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 but buying 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 66.79 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 negative.

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