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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 9208

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu Nov 2023	58.45	57.00	59.00	55.15	2.375 times
29 Wed Nov 2023	57.00	58.50	58.80	55.50	1.735 times
28 Tue Nov 2023	56.20	56.95	57.35	53.05	1.147 times
24 Fri Nov 2023	54.65	54.70	54.70	53.60	1.152 times
23 Thu Nov 2023	53.65	53.25	53.65	53.25	0.601 times
22 Wed Nov 2023	53.25	53.05	53.25	52.30	0.163 times
21 Tue Nov 2023	53.05	53.70	53.70	53.05	0.672 times
20 Mon Nov 2023	53.70	52.65	53.70	52.65	0.729 times
17 Fri Nov 2023	53.70	52.65	53.70	52.65	0.813 times
16 Thu Nov 2023	52.65	54.75	54.75	52.65	1.898 times

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

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 57.7, for a target of 55.5 or 53.62

Share price targets for Shah Alloys (SHAHALLOYS_BE)

Target Type	Value
Downside Target	45.75
Downside Target	50.00
Downside Target	51.25
Downside Target	54.50
Downside Target	54.75
Downside Target	54.90
Downside Target	55.40
Downside Target	57.90
Upside Target	59.00
Upside Target	64.20
Upside Target	64.50

Intraday share price targets for Shah Alloys (SHAHALLOYS_BE)

Target Type	Value
Downside Intraday Target	54.67
Downside Intraday Target	50.88
Upside Intraday Target	60.62
Upside Intraday Target	62.78
Downside Intraday Target	56.83

Weekly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu Nov 2023	58.45	56.95	59.00	53.05	1.585 times
24 Fri Nov 2023	54.65	52.65	54.70	52.30	0.822 times
17 Fri Nov 2023	53.70	52.00	54.75	52.00	1.675 times
10 Fri Nov 2023	51.50	54.50	54.50	50.00	1.531 times
03 Fri Nov 2023	54.50	52.15	54.90	52.15	1.109 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
30 Thu Nov 2023	58.45	52.80	59.00	50.00	0.728 times
31 Tue Oct 2023	52.80	55.55	64.50	52.15	4.232 times
29 Fri Sep 2023	56.80	57.80	57.90	53.30	1.15 times
03 Mon Jan 2022	54.25	54.50	55.40	51.25	0.022 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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Shah Alloys stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Shah Alloys in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 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 55.33 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 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 is giving positive 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.