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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 2024-03-04 View latest technical analysis

10 day averaged volume of Shah Alloys is 14373

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	67.00	68.20	68.20	65.15	1.628 times
02 Sat Mar 2024	68.20	67.50	68.35	66.00	0.226 times
01 Fri Mar 2024	66.25	68.00	68.50	64.50	3.267 times
29 Thu Feb 2024	65.60	67.50	67.50	64.10	0.423 times
28 Wed Feb 2024	66.90	69.40	69.40	65.20	0.281 times
27 Tue Feb 2024	68.35	72.60	72.60	68.00	0.427 times
26 Mon Feb 2024	70.20	69.00	72.45	68.50	1.479 times
23 Fri Feb 2024	69.00	70.50	71.00	68.60	0.599 times
22 Thu Feb 2024	69.20	70.00	70.95	66.70	1.377 times
21 Wed Feb 2024	68.75	68.50	74.00	68.00	1.269 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 65.7 as stoploss in an intra day buy trade for a target of 69.03. However, stock will show a bearish move below 65.7.

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	71.25
Upside Target	72.75
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	65.37
Downside Intraday Target	63.73
Upside Intraday Target	68.42
Upside Intraday Target	69.83
Downside Intraday Target	66.78

Weekly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	67.00	68.20	68.20	65.15	0.267 times
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

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
04 Mon Mar 2024	67.00	68.00	68.50	64.50	0.171 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 gaining momentum.

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

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. 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 coming down

CCI has generated a SELL signal for Shah Alloys in short term and SELL 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

Although the stock is in the BUY zone, but buying 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 67.82 and Shah Alloys (SHAHALLOYS_BE) 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_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.