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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 2024-09-23 View latest technical analysis

10 day averaged volume of Shah Alloys is 115454

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	82.68	81.00	83.09	80.53	0.357 times
20 Fri Sep 2024	82.08	81.43	83.25	80.00	0.727 times
19 Thu Sep 2024	78.97	83.00	83.00	77.15	0.256 times
18 Wed Sep 2024	81.61	79.10	82.50	79.01	0.256 times
17 Tue Sep 2024	78.93	82.73	83.00	78.00	0.321 times
16 Mon Sep 2024	81.84	84.20	84.20	80.25	0.23 times
13 Fri Sep 2024	82.40	81.80	85.00	80.19	0.464 times
12 Thu Sep 2024	79.71	82.25	86.50	78.00	1.153 times
11 Wed Sep 2024	81.89	79.65	82.28	77.29	0.925 times
10 Tue Sep 2024	79.29	82.99	84.80	78.20	1.422 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 82.1, but if it comes below 82.1, then a intra day sell could be more profitable.
If you take a sell trade below 82.1, then use 82.1 as stoploss and 79.86 as target. However if you take a buy trade in stock , then use 82.1 as stoploss and 84.8 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	64.50
Downside Target	69.90
Downside Target	72.41
Downside Target	77.00
Downside Target	80.53
Upside Target	82.86
Upside Target	84.20
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	81.11
Downside Intraday Target	79.54
Upside Intraday Target	83.67
Upside Intraday Target	84.66
Downside Intraday Target	82.1

Weekly technical analysis of Shah Alloys (SHAHALLOYS)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	82.68	81.00	83.09	80.53	0.199 times
20 Fri Sep 2024	82.08	84.20	84.20	77.15	0.218 times
13 Fri Sep 2024	82.40	74.04	88.84	72.41	6.038 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

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
23 Mon Sep 2024	82.68	82.86	88.84	72.41	0.367 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 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 Shah Alloys ( (SHAHALLOYS) ) 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) ) 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 Weak and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bulls are getting stronger in this stock.

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 80.69 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 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.