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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.

10 day averaged volume of Shah Alloys is 24292

Date Daily Closing Price Open High Low Volume
17 Wed Aug 2022 56.60 56.60 62.00 56.60 12.159 times
16 Tue Aug 2022 59.55 59.55 59.55 59.55 0.31 times
12 Fri Aug 2022 62.65 62.65 62.65 62.65 0.459 times
11 Thu Aug 2022 65.90 65.90 65.90 65.90 0.833 times
10 Wed Aug 2022 69.35 69.35 69.35 69.35 0.378 times
08 Mon Aug 2022 72.95 73.20 75.35 72.20 0.751 times
05 Fri Aug 2022 74.25 75.00 75.00 72.70 0.706 times
04 Thu Aug 2022 72.95 71.40 74.80 71.40 1.976 times
03 Wed Aug 2022 71.25 72.45 73.75 69.20 1.217 times
02 Tue Aug 2022 72.20 74.35 74.80 71.25 2.05 times

Stock of Shah Alloys (SHAHALLOYS) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 59.2, for a target of 65.6 or 70.95

Share price targets for Shah Alloys (SHAHALLOYS)

Target Type Value
Downside Target 56.60
Upside Target 59.95
Upside Target 62.00
Upside Target 66.95
Upside Target 69.20
Upside Target 71.70
Upside Target 75.35
Upside Target 77.60
Upside Target 79.05
Upside Target 82.90
Upside Target 87.15
Upside Target 88.90
Upside Target 95.70
Upside Target 121.80

Intraday share price targets for Shah Alloys (SHAHALLOYS)

Target Type Value
Downside Intraday Target 54.8
Downside Intraday Target 53
Upside Intraday Target 60.2
Upside Intraday Target 63.8
Upside Intraday Target 58.4

Weekly technical analysis of Shah Alloys (SHAHALLOYS)

Date Weekly Closing Price Open High Low Volume
17 Wed Aug 2022 56.60 59.55 62.00 56.60 5.151 times
12 Fri Aug 2022 62.65 73.20 75.35 62.65 0.333 times
05 Fri Aug 2022 74.25 72.30 75.45 69.20 1.928 times
30 Sat Jul 2022 72.75 75.45 77.60 71.70 0.598 times
22 Fri Jul 2022 75.25 73.35 79.05 72.70 1.002 times

Price has moved down 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
17 Wed Aug 2022 56.60 72.30 75.45 56.60 0.755 times
30 Sat Jul 2022 72.75 80.50 82.90 69.95 0.518 times
30 Thu Jun 2022 76.70 79.00 95.70 66.95 1.265 times
31 Tue May 2022 75.25 85.70 87.15 59.95 0.913 times

Scroll below to view daily charts

Price has moved down 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)

Indicator Name Indicator Value Indicator Signal
ADX 8, 44, 71 Sell
MACD -7, -4Sell
Stochastics 0Sell
CCI -125Sell
RSI 43Sell
OBV -284786Sell
VWAP 63Sell
ADL 0Sell
ROC -23Sell
Force Index 0Sell

Price action analysis of Shah Alloys ( (SHAHALLOYS) ) based on a short term time period is

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 to mid 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 mid to longer 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.

ADX buy sell signal for Shah Alloys stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Shah Alloys Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a SELL signal for Shah Alloys in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Shah Alloys is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 62.51 and Shah Alloys (SHAHALLOYS) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.

Click here for Shah Alloys charts

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Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

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