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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)

10 day averaged volume of Shah Alloys is 9531

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	64.35	64.25	64.35	63.50	2.139 times
19 Fri Apr 2024	61.30	58.40	61.30	58.00	0.997 times
18 Thu Apr 2024	58.40	58.95	60.00	58.10	0.221 times
16 Tue Apr 2024	58.95	59.40	61.40	58.00	0.974 times
15 Mon Apr 2024	59.40	60.00	61.00	59.15	1.172 times
12 Fri Apr 2024	61.75	62.60	64.00	60.60	1.266 times
10 Wed Apr 2024	62.70	66.80	66.80	61.25	0.758 times
09 Tue Apr 2024	63.80	66.90	66.90	63.30	0.714 times
08 Mon Apr 2024	66.20	67.50	68.95	65.00	0.827 times
05 Fri Apr 2024	66.50	68.45	68.45	66.00	0.553 times

Stock of Shah Alloys (SHAHALLOYS_BE) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 64.6 as stoploss in an intra day sell trade for a target of 61.58. However, stock will show a bullish move above 64.6.

Share price targets for Shah Alloys (SHAHALLOYS_BE)

Target Type	Value
Downside Target	53.75
Downside Target	55.00
Downside Target	57.00
Downside Target	60.60
Upside Target	67.00
Upside Target	68.45
Upside Target	68.50
Upside Target	68.95
Upside Target	74.25
Upside Target	80.60
Upside Target	84.90

Intraday share price targets for Shah Alloys (SHAHALLOYS_BE)

Target Type	Value
Downside Intraday Target	63.78
Downside Intraday Target	63.22
Upside Intraday Target	64.63
Upside Intraday Target	64.92
Downside Intraday Target	64.07

Weekly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	64.35	64.25	64.35	63.50	0.636 times
19 Fri Apr 2024	61.30	60.00	61.40	58.00	0.944 times
12 Fri Apr 2024	61.75	67.50	68.95	60.60	0.388 times
05 Fri Apr 2024	66.50	59.40	68.45	58.20	0.988 times
28 Thu Mar 2024	59.40	60.00	61.15	57.00	0.569 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
22 Mon Apr 2024	64.35	59.40	68.95	58.00	0.41 times
28 Thu Mar 2024	59.40	68.00	68.50	55.00	0.99 times
29 Thu Feb 2024	65.60	74.10	84.90	62.50	43.126 times
31 Wed Jan 2024	75.80	78.00	80.60	74.25	0.017 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 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 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 neutral. A longer time frame might give a better analysis.

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 gaining momentum.

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

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red 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 and the buying is gaining 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 62.52 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 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.