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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 2024-11-14 View latest technical analysis

10 day averaged volume of Shah Alloys is 8778

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	66.37	67.93	68.70	65.00	0.632 times
13 Wed Nov 2024	67.93	68.10	70.95	67.48	2.227 times
12 Tue Nov 2024	71.04	73.00	74.75	70.60	0.562 times
11 Mon Nov 2024	73.49	72.50	74.80	72.50	0.406 times
08 Fri Nov 2024	75.23	79.99	79.99	75.00	1.031 times
07 Thu Nov 2024	77.82	78.90	78.90	75.00	1.618 times
06 Wed Nov 2024	75.15	72.75	75.75	72.75	0.911 times
05 Tue Nov 2024	72.15	70.05	74.40	70.05	0.645 times
04 Mon Nov 2024	72.61	72.00	74.95	72.00	0.852 times
01 Fri Nov 2024	73.75	70.02	74.74	70.02	1.424 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 66.6, for a target of 69.9 or 72.59

Share price targets for Shah Alloys (SHAHALLOYS_BE)

Target Type	Value
Downside Target	55.00
Downside Target	58.00
Downside Target	65.00
Upside Target	67.15
Upside Target	73.97
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	62.65
Downside Intraday Target	58.92
Upside Intraday Target	72.45
Upside Intraday Target	78.52
Upside Intraday Target	68.72

Weekly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	66.37	72.50	74.80	65.00	0.757 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
14 Thu Nov 2024	66.37	70.02	79.99	65.00	0.216 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 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 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 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 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 72.6 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.