Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-12-12 View latest technical analysis

10 day averaged volume of Shah Alloys is 7140

Date	Daily Closing Price	Open	High	Low	Volume
12 Thu Dec 2024	78.00	76.50	78.03	76.50	0.731 times
11 Wed Dec 2024	76.50	78.76	78.76	76.20	0.257 times
10 Tue Dec 2024	77.22	81.90	81.90	76.65	0.589 times
09 Mon Dec 2024	79.39	80.82	80.82	76.50	0.869 times
06 Fri Dec 2024	79.24	81.40	81.45	78.30	0.253 times
05 Thu Dec 2024	81.47	81.95	82.21	80.00	2.167 times
04 Wed Dec 2024	78.30	77.95	78.31	73.21	2.756 times
03 Tue Dec 2024	74.59	73.80	74.59	69.55	1.863 times
02 Mon Dec 2024	71.04	69.45	73.85	69.15	0.366 times
29 Fri Nov 2024	71.40	69.50	71.95	69.50	0.539 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 77.5, but if it comes below 77.5, then a intra day sell could be more profitable.
If you take a sell trade below 77.5, then use 77.5 as stoploss and 72.97 as target. However if you take a buy trade in stock , then use 77.5 as stoploss and 83 as target.

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
Downside Target	72.30
Downside Target	74.80
Upside Target	79.99
Upside Target	81.90
Upside Target	82.21
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	75.5
Downside Intraday Target	73
Upside Intraday Target	81.2
Upside Intraday Target	84.4
Upside Intraday Target	78.7

Weekly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Thu Dec 2024	78.00	80.82	81.90	76.20	0.33 times
06 Fri Dec 2024	79.24	69.45	82.21	69.15	3.001 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

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 Thu Dec 2024	78.00	69.45	82.21	69.15	0.471 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 up 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 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 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 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 Weak and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 above the green cloud Prices appear to be moving up

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 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 77.67 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 positive

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