(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, -4 | Sell |
| Stochastics | 0 | Sell |
| CCI | -125 | Sell |
| RSI | 43 | Sell |
| OBV | -284786 | Sell |
| VWAP | 63 | Sell |
| ADL | 0 | Sell |
| ROC | -23 | Sell |
| Force Index | 0 | Sell |
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.
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