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(SHAHALLOYS) Shah Alloys complete technical analysis [charts+indicators] | Buy/Sell Shah Alloys | (SHAHALLOYS) share price targets

Complete technical analysis of Shah Alloys (SHAHALLOYS) by charts plus indicators, forecast predictions and share price targets for Shah Alloys (SHAHALLOYS)

Shah Alloys trades in NSE in Iron & Steel sector.

10 day averaged volume of Shah Alloys is 21171

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri May 2024	67.00	66.45	69.90	66.45	0.621 times
02 Thu May 2024	68.25	66.35	69.35	66.30	0.709 times
30 Tue Apr 2024	66.90	70.85	70.85	66.15	0.545 times
29 Mon Apr 2024	67.55	68.25	68.45	66.20	0.65 times
26 Fri Apr 2024	65.20	63.15	65.95	63.10	0.391 times
25 Thu Apr 2024	63.00	60.25	65.20	60.25	0.486 times
24 Wed Apr 2024	62.70	67.55	67.55	61.70	1.164 times
23 Tue Apr 2024	64.95	65.00	67.55	64.00	0.746 times
30 Tue Jan 2024	77.45	74.65	78.00	73.20	1.816 times
29 Mon Jan 2024	75.50	79.50	82.45	74.65	2.054 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 66.7 as stoploss in an intra day buy trade for a target of 75.19. However, stock will show a bearish move below 66.7.

Share price targets for Shah Alloys (SHAHALLOYS)

Target Type	Value
Downside Target	54.50
Downside Target	59.40
Downside Target	61.90
Downside Target	66.15
Upside Target	72.80
Upside Target	73.20
Upside Target	74.80
Upside Target	78.25
Upside Target	82.45
Upside Target	88.00
Upside Target	90.00
Upside Target	94.25

Intraday share price targets for Shah Alloys (SHAHALLOYS)

Target Type	Value
Downside Intraday Target	65.15
Downside Intraday Target	63.3
Upside Intraday Target	69.85
Upside Intraday Target	72.7
Upside Intraday Target	68

Weekly technical analysis of Shah Alloys (SHAHALLOYS)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri May 2024	67.00	68.25	70.85	66.15	0.906 times
26 Fri Apr 2024	65.20	65.00	67.55	60.25	0.72 times
30 Tue Jan 2024	77.45	79.50	82.45	73.20	0.419 times
25 Thu Jan 2024	78.55	87.75	88.00	74.80	0.617 times
19 Fri Jan 2024	86.95	90.00	90.00	78.25	0.273 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)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Fri May 2024	67.00	66.35	69.90	66.30	0.334 times
30 Tue Apr 2024	66.90	65.00	70.85	60.25	0.044 times
30 Tue Jan 2024	77.45	61.80	94.25	59.40	5.911 times
29 Fri Dec 2023	63.80	72.00	72.80	61.90	0.398 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)

Price action analysis of Shah Alloys ( (SHAHALLOYS) ) 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) ) based on a short to mid 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) ) 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Shah Alloys in short term and the sell signal is strong.

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 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 SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 70.1 and Shah Alloys (SHAHALLOYS) 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) stock. Volume based technical analysis of Shah Alloys (SHAHALLOYS) stock is negative.

Shah Alloys Stock has given negative 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.