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(SHIVAMAUTO_BE) Shivam Auto complete technical analysis [charts+indicators] | Buy/Sell Shivam Auto | (SHIVAMAUTO_BE) share price targets

Complete technical analysis of Shivam Auto (SHIVAMAUTO_BE) by charts plus indicators, forecast predictions and share price targets for Shivam Auto (SHIVAMAUTO_BE)

Showing technical analysis as on 2024-01-05 View latest technical analysis

10 day averaged volume of Shivam Auto is 191112

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	38.00	38.90	39.80	37.75	0.897 times
04 Thu Jan 2024	38.35	38.70	39.75	37.55	0.826 times
03 Wed Jan 2024	38.75	37.20	38.90	36.20	1.05 times
02 Tue Jan 2024	37.25	39.00	39.00	37.00	0.561 times
01 Mon Jan 2024	38.40	39.20	39.20	37.00	0.551 times
29 Fri Dec 2023	38.45	39.75	39.75	38.30	0.585 times
15 Fri Dec 2023	36.00	35.00	36.05	34.55	2.732 times
14 Thu Dec 2023	34.35	33.55	34.95	33.55	1.399 times
13 Wed Dec 2023	33.30	33.20	33.65	32.50	0.967 times
12 Tue Dec 2023	32.70	32.45	33.05	32.05	0.697 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 37, but if it comes below 37, then a intra day sell could be more profitable.
If you take a sell trade below 37, then use 37 as stoploss and 33.14 as target. However if you take a buy trade in stock , then use 37 as stoploss and 41.7 as target.

Share price targets for Shivam Auto (SHIVAMAUTO_BE)

Target Type	Value
Downside Target	27.50
Downside Target	28.35
Downside Target	29.55
Downside Target	30.45
Downside Target	32.75
Downside Target	36.05
Downside Target	36.50
Downside Target	38.00
Upside Target	38.30
Upside Target	39.75
Upside Target	39.80

Intraday share price targets for Shivam Auto (SHIVAMAUTO_BE)

Target Type	Value
Downside Intraday Target	36.2
Downside Intraday Target	34.4
Upside Intraday Target	39.8
Upside Intraday Target	41.6
Downside Intraday Target	38

Weekly technical analysis of Shivam Auto (SHIVAMAUTO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	38.00	39.20	39.80	36.20	6.641 times
29 Fri Dec 2023	38.45	39.75	39.75	38.30	0.091 times
15 Fri Dec 2023	36.00	30.85	36.05	30.85	1.813 times
08 Fri Dec 2023	31.00	28.95	32.75	27.50	1.818 times
01 Fri Dec 2023	28.45	29.55	30.45	28.35	1.088 times

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

Monthly technical analysis of Shivam Auto (SHIVAMAUTO_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	38.00	39.20	39.80	36.20	0.352 times
29 Fri Dec 2023	38.45	28.45	39.75	27.50	1.447 times
30 Thu Nov 2023	28.50	30.00	32.95	28.40	1.056 times
31 Tue Oct 2023	30.50	35.60	36.50	29.55	0.943 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 Shivam Auto (SHIVAMAUTO_BE)

Price action analysis of Shivam Auto ( (SHIVAMAUTO_BE) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Shivam Auto ( (SHIVAMAUTO_BE) ) based on a short 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 Shivam Auto ( (SHIVAMAUTO_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 Shivam Auto ( (SHIVAMAUTO_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 Shivam Auto stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Shivam Auto 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.

Shivam Auto Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Shivam Auto in short term but SELL signal is weak.

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 Shivam Auto is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 36.28 and Shivam Auto (SHIVAMAUTO_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 Shivam Auto (SHIVAMAUTO_BE) stock. Volume based technical analysis of Shivam Auto (SHIVAMAUTO_BE) stock is negative.

Shivam Auto Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.