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(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 2024-03-27 View latest technical analysis

10 day averaged volume of Shah Alloys is 27768

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	58.80	58.80	59.90	58.00	1.062 times
26 Tue Mar 2024	57.05	60.00	60.10	57.05	1.955 times
22 Fri Mar 2024	60.05	60.00	60.80	58.00	1.459 times
21 Thu Mar 2024	57.95	57.15	59.00	56.95	3.048 times
20 Wed Mar 2024	57.15	56.20	59.00	55.50	0.126 times
19 Tue Mar 2024	57.35	57.00	57.40	56.00	0.228 times
18 Mon Mar 2024	55.50	58.50	58.50	55.00	0.756 times
15 Fri Mar 2024	56.00	57.00	59.45	55.75	0.88 times
14 Thu Mar 2024	56.95	55.30	58.50	55.00	0.53 times
13 Wed Mar 2024	57.60	61.00	62.55	56.85	0.411 times

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 as stoploss in an intra day buy trade for a target of 61.28. However, stock will show a bearish move below 57.

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	57.05
Upside Target	59.00
Upside Target	64.10
Upside Target	67.00
Upside Target	68.20
Upside Target	68.50
Upside Target	72.60
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	57.2
Downside Intraday Target	55.6
Upside Intraday Target	60.25
Upside Intraday Target	61.7
Downside Intraday Target	58.65

Weekly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	58.80	60.00	60.10	57.05	0.537 times
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

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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	58.80	68.00	68.50	55.00	0.978 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 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_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 gaining 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 57.73 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 falling down

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.