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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 2024-12-17 View latest technical analysis

10 day averaged volume of Shah Alloys is 7447

Date	Daily Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	73.50	75.00	75.00	73.50	0.064 times
16 Mon Dec 2024	75.00	76.44	76.44	74.91	0.801 times
13 Fri Dec 2024	76.44	77.00	77.00	76.44	0.105 times
12 Thu Dec 2024	78.00	76.50	78.03	76.50	0.701 times
11 Wed Dec 2024	76.50	78.76	78.76	76.20	0.246 times
10 Tue Dec 2024	77.22	81.90	81.90	76.65	0.565 times
09 Mon Dec 2024	79.39	80.82	80.82	76.50	0.833 times
06 Fri Dec 2024	79.24	81.40	81.45	78.30	0.242 times
05 Thu Dec 2024	81.47	81.95	82.21	80.00	2.078 times
04 Wed Dec 2024	78.30	77.95	78.31	73.21	2.642 times

My analysis of stock is bearish for shortterm, and stock might move down till 70.4 or till 65.9. Use a stoploss of 74.21 and if the stock hits stoploss, then it can shoot up till 77.98

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
Upside Target	76.20
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	72.52
Downside Intraday Target	71.54
Upside Intraday Target	75.46
Upside Intraday Target	77.42
Upside Intraday Target	74.48

Weekly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	73.50	76.44	76.44	73.50	0.353 times
13 Fri Dec 2024	76.44	80.82	81.90	76.20	0.345 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

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
17 Tue Dec 2024	73.50	69.45	82.21	69.15	0.519 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 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 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 green color and prices are in or below the green 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 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 78.7 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 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.