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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 2024-08-30 View latest technical analysis

10 day averaged volume of Shah Alloys is 242295

Date	Daily Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	78.57	80.58	81.37	77.00	0.07 times
29 Thu Aug 2024	80.05	83.20	84.00	78.71	0.162 times
28 Wed Aug 2024	81.55	82.00	83.18	79.58	0.242 times
27 Tue Aug 2024	80.70	81.60	83.49	79.15	0.164 times
26 Mon Aug 2024	81.26	85.00	85.00	79.85	0.287 times
23 Fri Aug 2024	83.02	80.75	84.89	78.23	0.561 times
22 Thu Aug 2024	80.82	78.26	85.00	75.40	1.276 times
21 Wed Aug 2024	79.96	82.00	87.80	78.65	5.836 times
20 Tue Aug 2024	74.65	62.00	74.65	61.82	1.35 times
19 Mon Aug 2024	62.21	61.53	63.11	60.15	0.072 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 79.7 as stoploss in an intra day sell trade for a target of 70.63. However, stock will show a bullish move above 79.7.

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	62.80
Downside Target	64.50
Downside Target	69.90
Downside Target	73.54
Downside Target	74.00
Downside Target	77.00
Upside Target	85.00
Upside Target	87.80

Intraday share price targets for Shah Alloys (SHAHALLOYS)

Target Type	Value
Downside Intraday Target	75.38
Downside Intraday Target	72.19
Upside Intraday Target	83.38
Upside Intraday Target	88.19
Upside Intraday Target	80.19

Weekly technical analysis of Shah Alloys (SHAHALLOYS)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	78.57	85.00	85.00	77.00	0.102 times
23 Fri Aug 2024	83.02	61.53	87.80	60.15	12.541 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

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 Fri Aug 2024	78.57	59.00	87.80	54.35	6.956 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 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.

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 green color and prices are above the green 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 and the buying is gaining 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 79.48 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.