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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 2025-05-05 View latest technical analysis

10 day averaged volume of Shah Alloys is 11448

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon May 2025	57.15	58.00	58.95	57.15	0.158 times
02 Fri May 2025	58.59	57.25	59.00	57.25	0.081 times
30 Wed Apr 2025	59.61	62.05	62.05	59.25	0.46 times
29 Tue Apr 2025	62.36	60.99	63.31	60.99	0.636 times
28 Mon Apr 2025	61.29	59.50	61.36	59.00	1.468 times
25 Fri Apr 2025	58.44	58.36	60.10	57.34	1.337 times
24 Thu Apr 2025	60.36	61.45	61.45	60.00	0.624 times
22 Tue Apr 2025	64.13	67.51	67.51	64.13	3.587 times
21 Mon Apr 2025	67.51	72.00	72.00	66.22	1.324 times
31 Fri Jan 2025	62.75	63.00	66.00	62.00	0.283 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 59.2, but if it comes above 59.2, then a intra day buy could be more profitable.
If you take a sell trade below 59.2, then use 59.2 as stoploss and 55.7 as target. However if you take a buy trade in stock , then use 59.2 as stoploss and 62.08 as target.

Share price targets for Shah Alloys (SHAHALLOYS_BE)

Target Type	Value
Downside Target	55.67
Downside Target	57.15
Upside Target	58.95
Upside Target	61.35
Upside Target	63.31
Upside Target	66.00
Upside Target	68.26
Upside Target	68.64
Upside Target	72.00
Upside Target	79.99
Upside Target	82.21

Intraday share price targets for Shah Alloys (SHAHALLOYS_BE)

Target Type	Value
Downside Intraday Target	56.55
Downside Intraday Target	55.95
Upside Intraday Target	58.35
Upside Intraday Target	59.55
Upside Intraday Target	57.75

Weekly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon May 2025	57.15	58.00	58.95	57.15	0.06 times
02 Fri May 2025	58.59	59.50	63.31	57.25	0.385 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

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
05 Mon May 2025	57.15	57.25	59.00	57.15	0.025 times
30 Wed Apr 2025	59.61	72.00	72.00	57.34	2.142 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

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 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 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 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 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 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 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 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 62.64 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.