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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.

Showing technical analysis as on 2024-08-28 View latest technical analysis

10 day averaged volume of Shah Alloys is 238944

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	81.55	82.00	83.18	79.58	0.245 times
27 Tue Aug 2024	80.70	81.60	83.49	79.15	0.166 times
26 Mon Aug 2024	81.26	85.00	85.00	79.85	0.291 times
23 Fri Aug 2024	83.02	80.75	84.89	78.23	0.569 times
22 Thu Aug 2024	80.82	78.26	85.00	75.40	1.294 times
21 Wed Aug 2024	79.96	82.00	87.80	78.65	5.918 times
20 Tue Aug 2024	74.65	62.00	74.65	61.82	1.369 times
19 Mon Aug 2024	62.21	61.53	63.11	60.15	0.073 times
16 Fri Aug 2024	61.53	61.00	62.46	59.30	0.051 times
14 Wed Aug 2024	60.30	59.25	61.98	59.25	0.128 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 77.8, but if it comes below 77.8, then a intra day sell could be more profitable.
If you take a sell trade below 77.8, then use 77.8 as stoploss and 68.59 as target. However if you take a buy trade in stock , then use 77.8 as stoploss and 88.8 as target.

Share price targets for Shah Alloys (SHAHALLOYS)

Target Type	Value
Downside Target	51.95
Downside Target	54.35
Downside Target	56.50
Downside Target	58.81
Downside Target	60.15
Downside Target	62.80
Downside Target	64.50
Downside Target	69.90
Downside Target	73.54
Downside Target	74.00
Downside Target	79.15
Upside Target	85.00
Upside Target	87.80

Intraday share price targets for Shah Alloys (SHAHALLOYS)

Target Type	Value
Downside Intraday Target	78.8
Downside Intraday Target	76.05
Upside Intraday Target	84.65
Upside Intraday Target	87.75
Upside Intraday Target	81.9

Weekly technical analysis of Shah Alloys (SHAHALLOYS)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	81.55	85.00	85.00	79.15	0.076 times
23 Fri Aug 2024	83.02	61.53	87.80	60.15	12.541 times
16 Fri Aug 2024	61.53	63.40	64.78	58.81	0.168 times
09 Fri Aug 2024	65.90	60.49	73.54	54.35	10.299 times
02 Fri Aug 2024	59.92	60.15	62.80	57.49	1.228 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)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	81.55	59.00	87.80	54.35	6.85 times
31 Wed Jul 2024	58.15	63.33	64.50	57.49	0.633 times
28 Fri Jun 2024	62.09	59.70	74.00	51.95	2.866 times
31 Fri May 2024	56.95	66.35	69.90	56.50	3.46 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 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) ) 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) ) 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 green color and prices are above the green 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 but buying 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 79.14 and Shah Alloys (SHAHALLOYS) 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) stock. Volume based technical analysis of Shah Alloys (SHAHALLOYS) stock is negative.

Shah Alloys 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.