(SHAHALLOYS_BE) Shah Alloys complete technical analysis [charts+indicators] | Buy/Sell Shah Alloys | (SHAHALLOYS_BE) share price targets
Complete technical analysis of Shah Alloys (SHAHALLOYS_BE) by charts plus indicators, forecast predictions and share price targets for Shah Alloys (SHAHALLOYS_BE)
Showing technical analysis as on 2024-03-22 View latest technical analysis
10 day averaged volume of Shah Alloys is 19971
Date | Daily Closing Price | Open | High | Low | Volume |
22 Fri Mar 2024 | 60.05 | 60.00 | 60.80 | 58.00 | 2.029 times |
21 Thu Mar 2024 | 57.95 | 57.15 | 59.00 | 56.95 | 4.238 times |
20 Wed Mar 2024 | 57.15 | 56.20 | 59.00 | 55.50 | 0.175 times |
19 Tue Mar 2024 | 57.35 | 57.00 | 57.40 | 56.00 | 0.316 times |
18 Mon Mar 2024 | 55.50 | 58.50 | 58.50 | 55.00 | 1.051 times |
15 Fri Mar 2024 | 56.00 | 57.00 | 59.45 | 55.75 | 1.223 times |
14 Thu Mar 2024 | 56.95 | 55.30 | 58.50 | 55.00 | 0.736 times |
13 Wed Mar 2024 | 57.60 | 61.00 | 62.55 | 56.85 | 0.571 times |
12 Tue Mar 2024 | 59.85 | 63.00 | 63.70 | 59.85 | 0.846 times |
11 Mon Mar 2024 | 63.00 | 68.00 | 68.00 | 62.60 | 0.349 times |
Stock of Shah Alloys (SHAHALLOYS_BE) has showed a significant upmove. This could be a good time to enter in this stock!
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 57.7 as stoploss in an intra day buy trade for a target of 62.41. However, stock will show a bearish move below 57.7.
Share price targets for Shah Alloys (SHAHALLOYS_BE)
Target Type | Value |
Downside Target | 50.00 |
Downside Target | 53.75 |
Downside Target | 55.00 |
Downside Target | 59.00 |
Upside Target | 60.80 |
Upside Target | 64.10 |
Upside Target | 66.70 |
Upside Target | 68.50 |
Upside Target | 72.60 |
Upside Target | 74.00 |
Upside Target | 74.25 |
Upside Target | 80.60 |
Upside Target | 84.90 |
Intraday share price targets for Shah Alloys (SHAHALLOYS_BE)
Target Type | Value |
Downside Intraday Target | 56.43 |
Downside Intraday Target | 52.82 |
Upside Intraday Target | 62.23 |
Upside Intraday Target | 64.42 |
Downside Intraday Target | 58.62 |
Weekly technical analysis of Shah Alloys (SHAHALLOYS_BE)
Date | Weekly Closing Price | Open | High | Low | Volume |
22 Fri Mar 2024 | 60.05 | 58.50 | 60.80 | 55.00 | 2.096 times |
15 Fri Mar 2024 | 56.00 | 68.00 | 68.00 | 55.00 | 1.338 times |
07 Thu Mar 2024 | 65.90 | 68.20 | 68.20 | 62.00 | 0.634 times |
02 Sat Mar 2024 | 68.20 | 69.00 | 72.60 | 64.10 | 1.302 times |
23 Fri Feb 2024 | 69.00 | 69.75 | 74.00 | 66.70 | 0.515 times |
Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Shah Alloys (SHAHALLOYS_BE)
Date | Monthly Closing Price | Open | High | Low | Volume |
22 Fri Mar 2024 | 60.05 | 68.00 | 68.50 | 55.00 | 0.783 times |
29 Thu Feb 2024 | 65.60 | 74.10 | 84.90 | 62.50 | 43.126 times |
31 Wed Jan 2024 | 75.80 | 78.00 | 80.60 | 74.25 | 0.017 times |
22 Fri Dec 2023 | 66.90 | 60.20 | 67.00 | 53.75 | 3.849 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_BE)
Price action analysis of Shah Alloys ( (SHAHALLOYS_BE) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Shah Alloys ( (SHAHALLOYS_BE) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Shah Alloys ( (SHAHALLOYS_BE) ) 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_BE) ) 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 Weak and stock is losing momentum.
MACD generated a SELL signal for Shah Alloys in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 moving up
CCI has generated a buy signal for Shah Alloys in short term and BUY signal is strong.
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
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 58.07 and Shah Alloys (SHAHALLOYS_BE) 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_BE) stock. Volume based technical analysis of Shah Alloys (SHAHALLOYS_BE) 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.
Price action analysis of Shah Alloys ( (SHAHALLOYS_BE) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Shah Alloys ( (SHAHALLOYS_BE) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Shah Alloys ( (SHAHALLOYS_BE) ) 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_BE) ) 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 Weak and stock is losing momentum.
MACD generated a SELL signal for Shah Alloys in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 moving up
CCI has generated a buy signal for Shah Alloys in short term and BUY signal is strong.
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
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 58.07 and Shah Alloys (SHAHALLOYS_BE) 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_BE) stock. Volume based technical analysis of Shah Alloys (SHAHALLOYS_BE) 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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Daily charts
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