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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 2024-03-05 View latest technical analysis

10 day averaged volume of Shah Alloys is 15774

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	64.90	67.00	68.20	64.80	0.606 times
04 Mon Mar 2024	67.00	68.20	68.20	65.15	1.484 times
02 Sat Mar 2024	68.20	67.50	68.35	66.00	0.206 times
01 Fri Mar 2024	66.25	68.00	68.50	64.50	2.977 times
29 Thu Feb 2024	65.60	67.50	67.50	64.10	0.385 times
28 Wed Feb 2024	66.90	69.40	69.40	65.20	0.256 times
27 Tue Feb 2024	68.35	72.60	72.60	68.00	0.389 times
26 Mon Feb 2024	70.20	69.00	72.45	68.50	1.347 times
23 Fri Feb 2024	69.00	70.50	71.00	68.60	0.545 times
22 Thu Feb 2024	69.20	70.00	70.95	66.70	1.254 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 65.7, but if it comes above 65.7, then a intra day buy could be more profitable.
If you take a sell trade below 65.7, then use 65.7 as stoploss and 62.5 as target. However if you take a buy trade in stock , then use 65.7 as stoploss and 68.36 as target.

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
Upside 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	63.73
Downside Intraday Target	62.57
Upside Intraday Target	67.13
Upside Intraday Target	69.37
Upside Intraday Target	65.97

Weekly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	64.90	68.20	68.20	64.80	0.376 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
05 Tue Mar 2024	64.90	68.00	68.50	64.50	0.194 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 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 neutral. A longer time frame might give a better analysis.

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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 red color and prices are below the red 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 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 67.51 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.