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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 2025-04-28 View latest technical analysis

10 day averaged volume of Shah Alloys is 10594

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Apr 2025	61.29	59.50	61.36	59.00	1.586 times
25 Fri Apr 2025	58.44	58.36	60.10	57.34	1.445 times
24 Thu Apr 2025	60.36	61.45	61.45	60.00	0.674 times
22 Tue Apr 2025	64.13	67.51	67.51	64.13	3.876 times
21 Mon Apr 2025	67.51	72.00	72.00	66.22	1.431 times
31 Fri Jan 2025	62.75	63.00	66.00	62.00	0.306 times
30 Thu Jan 2025	63.71	61.34	64.00	60.75	0.216 times
29 Wed Jan 2025	61.35	57.50	61.37	55.67	0.759 times
28 Tue Jan 2025	58.45	57.50	60.00	56.60	0.114 times
27 Mon Jan 2025	59.56	60.15	61.25	59.37	0.505 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 60.3 as stoploss in an intra day buy trade for a target of 62.71. However, stock will show a bearish move below 60.3.

Share price targets for Shah Alloys (SHAHALLOYS_BE)

Target Type	Value
Downside Target	55.67
Downside Target	57.34
Downside Target	59.00
Downside Target	61.00
Upside Target	63.75
Upside Target	66.00
Upside Target	68.26
Upside Target	68.64
Upside Target	72.00
Upside Target	79.99
Upside Target	82.21
Upside Target	92.39

Intraday share price targets for Shah Alloys (SHAHALLOYS_BE)

Target Type	Value
Downside Intraday Target	59.74
Downside Intraday Target	58.19
Upside Intraday Target	62.1
Upside Intraday Target	62.91
Downside Intraday Target	60.55

Weekly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Apr 2025	61.29	59.50	61.36	59.00	0.214 times
25 Fri Apr 2025	58.44	72.00	72.00	57.34	3.909 times
31 Fri Jan 2025	62.75	60.15	66.00	55.67	1.15 times
24 Fri Jan 2025	62.50	64.40	68.26	61.35	3.71 times
17 Fri Jan 2025	62.05	64.00	64.00	61.00	0.794 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
28 Mon Apr 2025	61.29	72.00	72.00	57.34	1.893 times
31 Fri Jan 2025	62.75	67.30	68.64	55.67	0.531 times
31 Tue Dec 2024	67.30	69.45	82.21	66.00	0.636 times
29 Fri Nov 2024	71.40	70.02	79.99	63.75	0.357 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below 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 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 62.66 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.