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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 2024-11-21 View latest technical analysis

10 day averaged volume of Shah Alloys is 9887

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Nov 2024	70.31	72.30	72.30	68.10	0.963 times
19 Tue Nov 2024	69.21	66.06	69.21	66.06	1.365 times
18 Mon Nov 2024	65.92	68.50	68.50	63.75	1.505 times
14 Thu Nov 2024	66.37	67.93	68.70	65.00	0.561 times
13 Wed Nov 2024	67.93	68.10	70.95	67.48	1.977 times
12 Tue Nov 2024	71.04	73.00	74.75	70.60	0.499 times
11 Mon Nov 2024	73.49	72.50	74.80	72.50	0.36 times
08 Fri Nov 2024	75.23	79.99	79.99	75.00	0.916 times
07 Thu Nov 2024	77.82	78.90	78.90	75.00	1.436 times
06 Wed Nov 2024	75.15	72.75	75.75	72.75	0.809 times

My analysis of stock is bearish for shortterm, and stock might move down till 68.8 or till 65.3. Use a stoploss of 71.71 and if the stock hits stoploss, then it can shoot up till 74.64

Share price targets for Shah Alloys (SHAHALLOYS_BE)

Target Type	Value
Downside Target	55.00
Downside Target	58.00
Downside Target	63.75
Downside Target	67.15
Upside Target	72.30
Upside Target	74.74
Upside Target	74.80
Upside Target	77.75
Upside Target	79.99
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	65.27
Downside Intraday Target	60.24
Upside Intraday Target	73.82
Upside Intraday Target	77.34
Downside Intraday Target	68.79

Weekly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Nov 2024	70.31	68.50	72.30	63.75	1.128 times
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

Price has moved up 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
21 Thu Nov 2024	70.31	70.02	79.99	63.75	0.307 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 neutral. A longer time frame might give a better analysis.

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 losing momentum.

MACD generated a SELL signal for Shah Alloys in short term and the sell 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Shah Alloys in short term but BUY 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 70.86 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.