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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 2024-12-23 View latest technical analysis

10 day averaged volume of Shah Alloys is 2899

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Dec 2024	69.53	69.53	69.53	69.53	2.081 times
20 Fri Dec 2024	70.95	70.95	72.00	70.95	1.425 times
19 Thu Dec 2024	72.40	73.50	73.50	72.40	0.058 times
18 Wed Dec 2024	73.50	73.70	73.70	73.50	0.002 times
17 Tue Dec 2024	73.50	75.00	75.00	73.50	0.164 times
16 Mon Dec 2024	75.00	76.44	76.44	74.91	2.058 times
13 Fri Dec 2024	76.44	77.00	77.00	76.44	0.27 times
12 Thu Dec 2024	78.00	76.50	78.03	76.50	1.8 times
11 Wed Dec 2024	76.50	78.76	78.76	76.20	0.633 times
10 Tue Dec 2024	77.22	81.90	81.90	76.65	1.451 times

Stock of Shah Alloys (SHAHALLOYS_BE) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 71, but if it comes above 71, then a intra day buy could be more profitable.
If you take a sell trade below 71, then use 71 as stoploss and 66.7 as target. However if you take a buy trade in stock , then use 71 as stoploss and 74.5 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
Upside Target	70.95
Upside Target	72.80
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	69.53
Downside Intraday Target	69.53
Downside Intraday Target	69.53
Downside Intraday Target	69.53
Downside Intraday Target	69.53

Weekly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Dec 2024	69.53	69.53	69.53	69.53	0.561 times
20 Fri Dec 2024	70.95	76.44	76.44	70.95	0.589 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

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
23 Mon Dec 2024	69.53	69.45	82.21	69.15	0.588 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 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 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 weakening, and bulls are picking up momentum!

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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 74.24 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.