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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 2024-08-22 View latest technical analysis

10 day averaged volume of Shah Alloys is 272626

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	80.82	78.26	85.00	75.40	1.134 times
21 Wed Aug 2024	79.96	82.00	87.80	78.65	5.187 times
20 Tue Aug 2024	74.65	62.00	74.65	61.82	1.2 times
19 Mon Aug 2024	62.21	61.53	63.11	60.15	0.064 times
16 Fri Aug 2024	61.53	61.00	62.46	59.30	0.044 times
14 Wed Aug 2024	60.30	59.25	61.98	59.25	0.112 times
13 Tue Aug 2024	59.71	61.86	63.31	58.81	0.123 times
12 Mon Aug 2024	61.86	63.40	64.78	60.99	0.364 times
09 Fri Aug 2024	65.90	68.30	70.09	63.05	0.334 times
08 Thu Aug 2024	67.63	72.00	72.00	67.15	0.473 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 79.3, for a target of 71 or 64.11

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	60.15
Downside Target	62.00
Downside Target	64.50
Downside Target	69.90
Downside Target	70.85
Downside Target	73.54
Downside Target	74.00
Upside Target	87.80

Intraday share price targets for Shah Alloys (SHAHALLOYS)

Target Type	Value
Downside Intraday Target	64.71
Downside Intraday Target	48.61
Upside Intraday Target	92.36
Upside Intraday Target	103.91
Downside Intraday Target	76.26

Weekly technical analysis of Shah Alloys (SHAHALLOYS)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	80.82	61.53	87.80	60.15	11.768 times
16 Fri Aug 2024	61.53	63.40	64.78	58.81	0.168 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

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
22 Thu Aug 2024	80.82	59.00	87.80	54.35	6.276 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

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 76.73 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 positive

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