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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 2024-04-09 View latest technical analysis

10 day averaged volume of Shah Alloys is 22475

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	63.80	66.90	66.90	63.30	0.303 times
08 Mon Apr 2024	66.20	67.50	68.95	65.00	0.351 times
05 Fri Apr 2024	66.50	68.45	68.45	66.00	0.234 times
04 Thu Apr 2024	65.45	64.95	67.85	64.00	1.068 times
03 Wed Apr 2024	64.95	68.10	68.10	64.20	0.724 times
02 Tue Apr 2024	65.05	62.35	65.45	62.35	1.208 times
01 Mon Apr 2024	62.35	59.40	62.35	58.20	0.665 times
28 Thu Mar 2024	59.40	58.20	61.15	57.00	0.22 times
27 Wed Mar 2024	58.80	58.80	59.90	58.00	1.312 times
26 Tue Mar 2024	57.05	60.00	60.10	57.05	2.415 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 64.2 as stoploss in an intra day sell trade for a target of 60.55. However, stock will show a bullish move above 64.2.

Share price targets for Shah Alloys (SHAHALLOYS_BE)

Target Type	Value
Downside Target	53.75
Downside Target	55.00
Downside Target	57.00
Downside Target	58.20
Downside Target	60.80
Downside Target	62.50
Upside Target	67.00
Upside Target	68.50
Upside Target	68.95
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	61.75
Downside Intraday Target	59.7
Upside Intraday Target	67.4
Upside Intraday Target	71
Upside Intraday Target	65.35

Weekly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	63.80	67.50	68.95	63.30	0.167 times
05 Fri Apr 2024	66.50	59.40	68.45	58.20	0.988 times
28 Thu Mar 2024	59.40	60.00	61.15	57.00	0.569 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

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
09 Tue Apr 2024	63.80	59.40	68.95	58.20	0.241 times
28 Thu Mar 2024	59.40	68.00	68.50	55.00	0.99 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

Scroll below to view daily charts

Price has moved up 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Shah Alloys in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 61.54 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 is giving positive 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.