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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 51922

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	64.95	65.00	67.55	64.00	0.304 times
30 Tue Jan 2024	77.45	74.65	78.00	73.20	0.74 times
29 Mon Jan 2024	75.50	79.50	82.45	74.65	0.837 times
25 Thu Jan 2024	78.55	75.80	78.60	75.00	0.587 times
24 Wed Jan 2024	74.90	74.80	78.70	74.80	1.387 times
23 Tue Jan 2024	78.70	85.90	85.90	78.70	0.692 times
22 Mon Jan 2024	82.80	87.75	88.00	82.60	1.099 times
19 Fri Jan 2024	86.95	88.70	89.35	85.00	1.234 times
18 Thu Jan 2024	85.10	81.00	85.10	78.25	0.884 times
17 Wed Jan 2024	81.05	81.95	84.00	80.25	1.146 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 69.8, but if it comes above 69.8, then a intra day buy could be more profitable.
If you take a sell trade below 69.8, then use 69.8 as stoploss and 59.9 as target. However if you take a buy trade in stock , then use 69.8 as stoploss and 78.14 as target.

Share price targets for Shah Alloys (SHAHALLOYS)

Target Type	Value
Downside Target	48.50
Downside Target	54.50
Downside Target	59.40
Downside Target	61.90
Downside Target	63.50
Upside Target	67.55
Upside Target	72.80
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	63.45
Downside Intraday Target	61.95
Upside Intraday Target	67
Upside Intraday Target	69.05
Upside Intraday Target	65.5

Weekly technical analysis of Shah Alloys (SHAHALLOYS)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	64.95	65.00	67.55	64.00	0.193 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
12 Fri Jan 2024	86.65	65.70	94.25	63.85	8.188 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
23 Tue Apr 2024	64.95	65.00	67.55	64.00	0.008 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
22 Fri Sep 2023	56.05	56.30	68.65	54.50	0.763 times

Scroll below to view daily charts

Price has moved down 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 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 SELL. 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 and selling is picking up 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 79.81 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.