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(SHAHALLOYS_BE) Shah Alloys complete technical analysis [charts+indicators] | Buy/Sell Shah Alloys | (SHAHALLOYS_BE) share price targets

Complete technical analysis of Shah Alloys (SHAHALLOYS_BE) by charts plus indicators, forecast predictions and share price targets for Shah Alloys (SHAHALLOYS_BE)

10 day averaged volume of Shah Alloys is 3445

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri Jan 2025	62.75	63.00	66.00	62.00	0.94 times
30 Thu Jan 2025	63.71	61.34	64.00	60.75	0.665 times
29 Wed Jan 2025	61.35	57.50	61.37	55.67	2.334 times
28 Tue Jan 2025	58.45	57.50	60.00	56.60	0.352 times
27 Mon Jan 2025	59.56	60.15	61.25	59.37	1.552 times
24 Fri Jan 2025	62.50	63.60	64.00	61.65	2.073 times
23 Thu Jan 2025	64.77	61.35	66.95	61.35	0.444 times
22 Wed Jan 2025	64.40	66.70	66.70	64.17	0.736 times
21 Tue Jan 2025	67.55	68.26	68.26	65.15	1.128 times
20 Mon Jan 2025	65.01	64.40	65.15	64.40	0.698 times

My analysis of stock is bearish for shortterm, and stock might move down till 61.2 or till 58.1. Use a stoploss of 63.77 and if the stock hits stoploss, then it can shoot up till 66.34

Share price targets for Shah Alloys (SHAHALLOYS_BE)

Target Type	Value
Downside Target	55.67
Downside Target	61.00
Upside Target	63.75
Upside Target	66.00
Upside Target	68.64
Upside Target	79.99
Upside Target	82.21
Upside Target	92.39
Upside Target	97.26
Upside Target	107.40

Intraday share price targets for Shah Alloys (SHAHALLOYS_BE)

Target Type	Value
Downside Intraday Target	56.95
Downside Intraday Target	51.14
Upside Intraday Target	67.28
Upside Intraday Target	71.8
Downside Intraday Target	61.47

Weekly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri Jan 2025	62.75	60.15	66.00	55.67	1.15 times
24 Fri Jan 2025	62.50	64.40	68.26	61.35	3.71 times
17 Fri Jan 2025	62.05	64.00	64.00	61.00	0.794 times
10 Fri Jan 2025	64.40	68.64	68.64	64.40	0.979 times
03 Fri Jan 2025	68.64	66.64	68.64	66.00	0.659 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Fri Jan 2025	62.75	67.30	68.64	55.67	0.531 times
31 Tue Dec 2024	67.30	69.45	82.21	66.00	0.636 times
29 Fri Nov 2024	71.40	70.02	79.99	63.75	0.357 times
31 Thu Oct 2024	71.94	92.39	92.39	67.15	8.712 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_BE)

Price action analysis of Shah Alloys ( (SHAHALLOYS_BE) ) 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_BE) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Shah Alloys ( (SHAHALLOYS_BE) ) 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_BE) ) based on a mid to longer 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.

ADX buy sell signal for Shah Alloys stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Shah Alloys in short term but the buy 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 red color and prices are in or above the red 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 and the buying is gaining 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 62.7 and Shah Alloys (SHAHALLOYS_BE) 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_BE) stock. Volume based technical analysis of Shah Alloys (SHAHALLOYS_BE) stock is negative.

Shah Alloys Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.