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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 2024-11-12 View latest technical analysis

10 day averaged volume of Shah Alloys is 7528

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	71.04	73.00	74.75	70.60	0.655 times
11 Mon Nov 2024	73.49	72.50	74.80	72.50	0.473 times
08 Fri Nov 2024	75.23	79.99	79.99	75.00	1.203 times
07 Thu Nov 2024	77.82	78.90	78.90	75.00	1.886 times
06 Wed Nov 2024	75.15	72.75	75.75	72.75	1.062 times
05 Tue Nov 2024	72.15	70.05	74.40	70.05	0.752 times
04 Mon Nov 2024	72.61	72.00	74.95	72.00	0.993 times
01 Fri Nov 2024	73.75	70.02	74.74	70.02	1.661 times
31 Thu Oct 2024	71.94	70.30	72.40	68.20	0.378 times
30 Wed Oct 2024	70.28	67.15	72.70	67.15	0.947 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 71.3, but if it comes above 71.3, then a intra day buy could be more profitable.
If you take a sell trade below 71.3, then use 71.3 as stoploss and 68.5 as target. However if you take a buy trade in stock , then use 71.3 as stoploss and 73.59 as target.

Share price targets for Shah Alloys (SHAHALLOYS_BE)

Target Type	Value
Downside Target	55.00
Downside Target	58.00
Downside Target	67.15
Upside Target	73.97
Upside Target	74.80
Upside Target	77.75
Upside Target	79.99
Upside Target	84.92
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	69.49
Downside Intraday Target	67.95
Upside Intraday Target	73.69
Upside Intraday Target	76.35
Upside Intraday Target	72.15

Weekly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	71.04	72.50	74.80	70.60	0.191 times
08 Fri Nov 2024	75.23	72.00	79.99	70.05	1.227 times
01 Fri Nov 2024	73.75	68.25	74.74	67.15	0.661 times
25 Fri Oct 2024	71.45	77.75	77.75	68.30	0.763 times
18 Fri Oct 2024	76.50	82.84	84.92	73.97	0.667 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
12 Tue Nov 2024	71.04	70.02	79.99	70.02	0.156 times
31 Thu Oct 2024	71.94	92.39	92.39	67.15	8.712 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

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 but the sell signal is initial and weak.

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 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 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 74.02 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 negative.

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