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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)

Showing technical analysis as on 2024-03-02 View latest technical analysis

10 day averaged volume of Shah Alloys is 15182

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	68.20	67.50	68.35	66.00	0.214 times
01 Fri Mar 2024	66.25	68.00	68.50	64.50	3.093 times
29 Thu Feb 2024	65.60	67.50	67.50	64.10	0.4 times
28 Wed Feb 2024	66.90	69.40	69.40	65.20	0.266 times
27 Tue Feb 2024	68.35	72.60	72.60	68.00	0.404 times
26 Mon Feb 2024	70.20	69.00	72.45	68.50	1.4 times
23 Fri Feb 2024	69.00	70.50	71.00	68.60	0.567 times
22 Thu Feb 2024	69.20	70.00	70.95	66.70	1.303 times
21 Wed Feb 2024	68.75	68.50	74.00	68.00	1.201 times
20 Tue Feb 2024	70.85	71.10	73.00	70.00	0.619 times

My analysis of stock is bearish for shortterm, and stock might move down till 65.5 or till 60.4. Use a stoploss of 69.77 and if the stock hits stoploss, then it can shoot up till 74.05

Share price targets for Shah Alloys (SHAHALLOYS_BE)

Target Type	Value
Downside Target	50.00
Downside Target	53.75
Downside Target	59.00
Downside Target	62.50
Downside Target	64.10
Downside Target	66.70
Upside Target	68.50
Upside Target	71.25
Upside Target	74.00
Upside Target	74.25
Upside Target	80.60
Upside Target	84.90

Intraday share price targets for Shah Alloys (SHAHALLOYS_BE)

Target Type	Value
Downside Intraday Target	64
Downside Intraday Target	59.8
Upside Intraday Target	72.5
Upside Intraday Target	76.8
Upside Intraday Target	68.3

Weekly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	68.20	69.00	72.60	64.10	1.302 times
23 Fri Feb 2024	69.00	69.75	74.00	66.70	0.515 times
16 Fri Feb 2024	69.75	70.00	72.75	62.50	0.838 times
09 Fri Feb 2024	72.10	80.90	84.90	71.25	3.278 times
02 Fri Feb 2024	77.05	78.00	80.60	74.00	0.184 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	68.20	68.00	68.50	64.50	0.117 times
29 Thu Feb 2024	65.60	74.10	84.90	62.50	43.126 times
31 Wed Jan 2024	75.80	78.00	80.60	74.25	0.017 times
22 Fri Dec 2023	66.90	60.20	67.00	53.75	3.849 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_BE)

Price action analysis of Shah Alloys ( (SHAHALLOYS_BE) ) 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_BE) ) based on a short to mid 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 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 Weak and stock is losing 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Shah Alloys in short term but BUY signal is weak.

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 68.15 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 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.