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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 55591

Date Daily Closing Price Open High Low Volume
30 Tue Jan 2024 77.45 74.65 78.00 73.20 0.692 times
29 Mon Jan 2024 75.50 79.50 82.45 74.65 0.782 times
25 Thu Jan 2024 78.55 75.80 78.60 75.00 0.548 times
24 Wed Jan 2024 74.90 74.80 78.70 74.80 1.296 times
23 Tue Jan 2024 78.70 85.90 85.90 78.70 0.647 times
22 Mon Jan 2024 82.80 87.75 88.00 82.60 1.026 times
19 Fri Jan 2024 86.95 88.70 89.35 85.00 1.153 times
18 Thu Jan 2024 85.10 81.00 85.10 78.25 0.826 times
17 Wed Jan 2024 81.05 81.95 84.00 80.25 1.071 times
16 Tue Jan 2024 84.15 89.00 89.00 82.15 1.301 times

My analysis of stock is bearish for shortterm, and stock might move down till 69.6 or till 59.5. Use a stoploss of 78.05 and if the stock hits stoploss, then it can shoot up till 86.5

Share price targets for Shah Alloys (SHAHALLOYS)

Target Type Value
Downside Target 43.05
Downside Target 48.50
Downside Target 50.70
Downside Target 54.50
Downside Target 59.40
Downside Target 61.90
Downside Target 63.50
Downside Target 67.00
Downside Target 68.65
Downside Target 72.80
Downside Target 74.80
Upside Target 78.25
Upside Target 82.45
Upside Target 88.00
Upside Target 90.00
Upside Target 94.25

Intraday share price targets for Shah Alloys (SHAHALLOYS)

Target Type Value
Downside Intraday Target 72.95
Downside Intraday Target 68.45
Upside Intraday Target 82.2
Upside Intraday Target 86.95
Upside Intraday Target 77.7

Weekly technical analysis of Shah Alloys (SHAHALLOYS)

Date Weekly Closing Price Open High Low Volume
30 Tue Jan 2024 77.45 79.50 82.45 73.20 0.419 times
25 Thu Jan 2024 78.55 87.75 88.00 74.80 0.617 times
19 Fri Jan 2024 86.95 90.00 90.00 78.25 0.273 times
12 Fri Jan 2024 86.65 65.70 94.25 63.85 8.188 times
05 Fri Jan 2024 65.00 61.80 67.00 59.40 0.442 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 Tue Jan 2024 77.45 61.80 94.25 59.40 5.911 times
29 Fri Dec 2023 63.80 72.00 72.80 61.90 0.398 times
22 Fri Sep 2023 56.05 56.30 68.65 54.50 0.763 times
31 Thu Aug 2023 54.50 50.25 63.50 48.50 1.727 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 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 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 Weak and stock is losing momentum.

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

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 green color and prices are in or below the green cloud Prices appear to be moving up

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

RSI is generating a BUY signal in short term but buying is losing 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 80.87 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 positive

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

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 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 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 Weak and stock is losing momentum.

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

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 green color and prices are in or below the green cloud Prices appear to be moving up

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

RSI is generating a BUY signal in short term but buying is losing 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 80.87 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 positive

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

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