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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 2024-09-16 View latest technical analysis

10 day averaged volume of Shah Alloys is 110484

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	81.84	84.20	84.20	80.25	0.24 times
13 Fri Sep 2024	82.40	81.80	85.00	80.19	0.484 times
12 Thu Sep 2024	79.71	82.25	86.50	78.00	1.205 times
11 Wed Sep 2024	81.89	79.65	82.28	77.29	0.966 times
10 Tue Sep 2024	79.29	82.99	84.80	78.20	1.486 times
09 Mon Sep 2024	82.76	74.04	88.84	72.41	4.437 times
06 Fri Sep 2024	74.04	77.77	79.19	73.10	0.469 times
05 Thu Sep 2024	77.07	78.00	79.90	76.01	0.221 times
04 Wed Sep 2024	77.67	78.25	79.40	75.96	0.199 times
03 Tue Sep 2024	77.73	78.05	80.38	77.23	0.171 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 82.1 as stoploss in an intra day sell trade for a target of 79.64. However, stock will show a bullish move above 82.1.

Share price targets for Shah Alloys (SHAHALLOYS)

Target Type	Value
Downside Target	51.95
Downside Target	54.35
Downside Target	56.50
Downside Target	60.15
Downside Target	64.50
Downside Target	69.90
Downside Target	72.41
Downside Target	77.00
Downside Target	80.25
Upside Target	82.86
Upside Target	85.00
Upside Target	87.80
Upside Target	88.84

Intraday share price targets for Shah Alloys (SHAHALLOYS)

Target Type	Value
Downside Intraday Target	79.99
Downside Intraday Target	78.15
Upside Intraday Target	83.94
Upside Intraday Target	86.05
Upside Intraday Target	82.1

Weekly technical analysis of Shah Alloys (SHAHALLOYS)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	81.84	84.20	84.20	80.25	0.028 times
13 Fri Sep 2024	82.40	74.04	88.84	72.41	6.038 times
06 Fri Sep 2024	74.04	82.86	82.86	73.10	0.7 times
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

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
16 Mon Sep 2024	81.84	82.86	88.84	72.41	0.307 times
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

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 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 neutral. A longer time frame might give a better analysis.

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 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. 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 81.01 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.