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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 2024-10-07 View latest technical analysis

10 day averaged volume of Shah Alloys is 26084

Date	Daily Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	84.73	87.60	87.60	84.73	0.526 times
04 Fri Oct 2024	89.19	84.00	92.15	83.38	4.229 times
03 Thu Oct 2024	87.77	87.77	87.77	87.77	1.158 times
01 Tue Oct 2024	92.39	92.39	92.39	92.39	0.762 times
30 Mon Sep 2024	97.26	97.26	97.26	97.26	0.551 times
27 Fri Sep 2024	102.38	107.40	107.40	102.38	1.289 times
22 Mon Apr 2024	64.35	64.25	64.35	63.50	0.782 times
19 Fri Apr 2024	61.30	58.40	61.30	58.00	0.364 times
18 Thu Apr 2024	58.40	58.95	60.00	58.10	0.081 times
16 Tue Apr 2024	58.95	59.40	61.40	58.00	0.356 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 85.7 as stoploss in an intra day sell trade for a target of 71.74. However, stock will show a bullish move above 85.7.

Share price targets for Shah Alloys (SHAHALLOYS_BE)

Target Type	Value
Downside Target	55.00
Downside Target	58.00
Downside Target	60.60
Downside Target	68.50
Downside Target	83.38
Upside Target	84.90
Upside Target	87.60
Upside Target	92.39
Upside Target	97.26
Upside Target	107.40

Intraday share price targets for Shah Alloys (SHAHALLOYS_BE)

Target Type	Value
Downside Intraday Target	83.77
Downside Intraday Target	82.82
Upside Intraday Target	86.64
Upside Intraday Target	88.56
Upside Intraday Target	85.69

Weekly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	84.73	87.60	87.60	84.73	0.078 times
04 Fri Oct 2024	89.19	97.26	97.26	83.38	3.236 times
27 Fri Sep 2024	102.38	64.25	107.40	63.50	1.684 times
19 Fri Apr 2024	61.30	60.00	61.40	58.00	0.944 times
12 Fri Apr 2024	61.75	67.50	68.95	60.60	0.388 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
07 Mon Oct 2024	84.73	92.39	92.39	83.38	3.627 times
30 Mon Sep 2024	97.26	107.40	107.40	97.26	0.276 times
22 Mon Apr 2024	64.35	59.40	68.95	58.00	0.41 times
28 Thu Mar 2024	59.40	68.00	68.50	55.00	0.99 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 neutral. A longer time frame might give a better analysis.

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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Shah Alloys in short term and the buy signal is strong.

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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 86.92 and Shah Alloys (SHAHALLOYS_BE) stock is trading below this level. This means that stock is falling with high volumes. 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 positive

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