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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 2024-04-16 View latest technical analysis

10 day averaged volume of Shah Alloys is 13279

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	58.95	59.40	61.40	58.00	0.699 times
15 Mon Apr 2024	59.40	60.00	61.00	59.15	0.841 times
12 Fri Apr 2024	61.75	62.60	64.00	60.60	0.909 times
10 Wed Apr 2024	62.70	66.80	66.80	61.25	0.544 times
09 Tue Apr 2024	63.80	66.90	66.90	63.30	0.512 times
08 Mon Apr 2024	66.20	67.50	68.95	65.00	0.593 times
05 Fri Apr 2024	66.50	68.45	68.45	66.00	0.397 times
04 Thu Apr 2024	65.45	64.95	67.85	64.00	1.808 times
03 Wed Apr 2024	64.95	68.10	68.10	64.20	1.226 times
02 Tue Apr 2024	65.05	62.35	65.45	62.35	2.045 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 57.3 as stoploss in an intra day buy trade for a target of 60.82. However, stock will show a bearish move below 57.3.

Share price targets for Shah Alloys (SHAHALLOYS_BE)

Target Type	Value
Downside Target	53.75
Downside Target	55.00
Downside Target	57.00
Upside Target	60.60
Upside Target	67.00
Upside Target	68.45
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	57.5
Downside Intraday Target	56.05
Upside Intraday Target	60.9
Upside Intraday Target	62.85
Upside Intraday Target	59.45

Weekly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	58.95	60.00	61.40	58.00	0.602 times
12 Fri Apr 2024	61.75	67.50	68.95	60.60	0.388 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

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
16 Tue Apr 2024	58.95	59.40	68.95	58.00	0.334 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 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 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 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 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 getting stronger in this stock.

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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Shah Alloys is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 63.79 and Shah Alloys (SHAHALLOYS_BE) 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_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.