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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 2024-09-25 View latest technical analysis

10 day averaged volume of Shah Alloys is 289396

Date	Daily Closing Price	Open	High	Low	Volume
25 Wed Sep 2024	102.75	100.99	112.99	99.21	6.611 times
24 Tue Sep 2024	99.21	85.00	99.21	85.00	8.13 times
23 Mon Sep 2024	82.68	81.00	83.09	80.53	0.142 times
20 Fri Sep 2024	82.08	81.43	83.25	80.00	0.29 times
19 Thu Sep 2024	78.97	83.00	83.00	77.15	0.102 times
18 Wed Sep 2024	81.61	79.10	82.50	79.01	0.102 times
17 Tue Sep 2024	78.93	82.73	83.00	78.00	0.128 times
16 Mon Sep 2024	81.84	84.20	84.20	80.25	0.092 times
13 Fri Sep 2024	82.40	81.80	85.00	80.19	0.185 times
12 Thu Sep 2024	79.71	82.25	86.50	78.00	0.46 times

Stock of Shah Alloys (SHAHALLOYS) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 96.7, for a target of 88.6 or 81.85

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
Downside Target	82.86
Downside Target	85.00
Downside Target	87.80
Downside Target	88.84
Upside Target	112.99

Intraday share price targets for Shah Alloys (SHAHALLOYS)

Target Type	Value
Downside Intraday Target	84.52
Downside Intraday Target	66.3
Upside Intraday Target	116.98
Upside Intraday Target	131.22
Downside Intraday Target	98.76

Weekly technical analysis of Shah Alloys (SHAHALLOYS)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Wed Sep 2024	102.75	81.00	112.99	80.53	20.839 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, 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
25 Wed Sep 2024	102.75	82.86	112.99	72.41	1.525 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, 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 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 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 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 gaining 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 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 positive zone. This is a BUY 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 98.96 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.