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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 2024-09-12 View latest technical analysis

10 day averaged volume of Shah Alloys is 97453

Date	Daily Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	79.71	82.25	86.50	78.00	1.366 times
11 Wed Sep 2024	81.89	79.65	82.28	77.29	1.096 times
10 Tue Sep 2024	79.29	82.99	84.80	78.20	1.685 times
09 Mon Sep 2024	82.76	74.04	88.84	72.41	5.031 times
06 Fri Sep 2024	74.04	77.77	79.19	73.10	0.531 times
05 Thu Sep 2024	77.07	78.00	79.90	76.01	0.251 times
04 Wed Sep 2024	77.67	78.25	79.40	75.96	0.226 times
03 Tue Sep 2024	77.73	78.05	80.38	77.23	0.194 times
02 Mon Sep 2024	77.74	82.86	82.86	77.00	0.409 times
30 Fri Aug 2024	78.57	80.58	81.37	77.00	0.175 times

My analysis of stock is bullish for shortterm, and stock might move up till 83.4 or till 90.2. Use a stoploss of 77.61 and if this stock hits its stoploss, then it can fall down till 71.87

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	64.50
Downside Target	69.90
Downside Target	72.41
Downside Target	77.00
Upside Target	82.86
Upside Target	85.00
Upside Target	87.80
Upside Target	88.84

Intraday share price targets for Shah Alloys (SHAHALLOYS)

Target Type	Value
Downside Intraday Target	71.8
Downside Intraday Target	63.89
Upside Intraday Target	88.23
Upside Intraday Target	96.75
Upside Intraday Target	80.32

Weekly technical analysis of Shah Alloys (SHAHALLOYS)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	79.71	74.04	88.84	72.41	5.697 times
06 Fri Sep 2024	74.04	82.86	82.86	73.10	0.7 times
30 Fri Aug 2024	78.57	85.00	85.00	77.00	0.102 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

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)

Date	Monthly Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	79.71	82.86	88.84	72.41	0.285 times
30 Fri Aug 2024	78.57	59.00	87.80	54.35	6.956 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

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 neutral. A longer time frame might give a better analysis.

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 gaining momentum.

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

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 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 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

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 80.76 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.