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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 2024-12-02 View latest technical analysis

10 day averaged volume of Shah Alloys is 6443

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Dec 2024	71.04	69.45	73.85	69.15	0.406 times
29 Fri Nov 2024	71.40	69.50	71.95	69.50	0.597 times
28 Thu Nov 2024	71.02	70.30	72.00	70.26	0.379 times
27 Wed Nov 2024	70.36	70.10	72.00	69.50	0.565 times
26 Tue Nov 2024	70.08	72.00	72.00	70.00	0.436 times
25 Mon Nov 2024	71.06	72.00	72.80	70.10	0.758 times
22 Fri Nov 2024	69.99	72.00	72.00	69.05	0.523 times
21 Thu Nov 2024	70.31	72.30	72.30	68.10	1.478 times
19 Tue Nov 2024	69.21	66.06	69.21	66.06	2.094 times
18 Mon Nov 2024	65.92	68.50	68.50	63.75	2.31 times

My analysis of stock is bearish for shortterm, and stock might move down till 68.5 or till 65.1. Use a stoploss of 71.3 and if the stock hits stoploss, then it can shoot up till 74.13

Share price targets for Shah Alloys (SHAHALLOYS_BE)

Target Type	Value
Downside Target	58.00
Downside Target	63.75
Downside Target	67.15
Downside Target	68.95
Upside Target	72.30
Upside Target	73.85
Upside Target	74.80
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	68.84
Downside Intraday Target	66.65
Upside Intraday Target	73.54
Upside Intraday Target	76.05
Upside Intraday Target	71.35

Weekly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Dec 2024	71.04	69.45	73.85	69.15	0.148 times
29 Fri Nov 2024	71.40	72.00	72.80	69.50	0.427 times
22 Fri Nov 2024	69.99	68.50	72.30	63.75	1.229 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

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
02 Mon Dec 2024	71.04	69.45	73.85	69.15	0.018 times
29 Fri Nov 2024	71.40	70.02	79.99	63.75	0.357 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

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 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 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 Weak and stock is losing momentum.

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

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 HIGHS, which reflects strong buying momentum in short term! Bulls 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 buy signal for Shah Alloys in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 69.17 and Shah Alloys (SHAHALLOYS_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.