Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 9845

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu May 2025	57.83	57.00	58.25	56.26	1.364 times
07 Wed May 2025	56.74	57.49	57.49	54.55	0.111 times
06 Tue May 2025	56.05	59.29	59.29	56.00	0.178 times
05 Mon May 2025	57.15	58.00	58.95	57.15	0.184 times
02 Fri May 2025	58.59	57.25	59.00	57.25	0.095 times
30 Wed Apr 2025	59.61	62.05	62.05	59.25	0.535 times
29 Tue Apr 2025	62.36	60.99	63.31	60.99	0.739 times
28 Mon Apr 2025	61.29	59.50	61.36	59.00	1.707 times
25 Fri Apr 2025	58.44	58.36	60.10	57.34	1.555 times
24 Thu Apr 2025	60.36	61.45	61.45	60.00	0.725 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 57.9, but if it comes above 57.9, then a intra day buy could be more profitable.
If you take a sell trade below 57.9, then use 57.9 as stoploss and 54.2 as target. However if you take a buy trade in stock , then use 57.9 as stoploss and 60.88 as target.

Share price targets for Shah Alloys (SHAHALLOYS_BE)

Target Type	Value
Downside Target	54.55
Downside Target	55.67
Downside Target	57.25
Upside Target	59.29
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	55.16
Downside Intraday Target	52.48
Upside Intraday Target	59.9
Upside Intraday Target	61.96
Downside Intraday Target	57.22

Weekly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu May 2025	57.83	58.00	59.29	54.55	0.597 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
08 Thu May 2025	57.83	57.25	59.29	54.55	0.176 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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 weakening, and bulls are picking up momentum!

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 but buying is losing 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 59.57 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.