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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 2024-03-19 View latest technical analysis

10 day averaged volume of Shah Alloys is 15102

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	57.35	57.00	57.40	56.00	0.418 times
18 Mon Mar 2024	55.50	58.50	58.50	55.00	1.389 times
15 Fri Mar 2024	56.00	57.00	59.45	55.75	1.618 times
14 Thu Mar 2024	56.95	55.30	58.50	55.00	0.974 times
13 Wed Mar 2024	57.60	61.00	62.55	56.85	0.755 times
12 Tue Mar 2024	59.85	63.00	63.70	59.85	1.119 times
11 Mon Mar 2024	63.00	68.00	68.00	62.60	0.462 times
07 Thu Mar 2024	65.90	62.85	66.60	62.50	0.652 times
06 Wed Mar 2024	63.55	68.00	68.00	62.00	0.848 times
05 Tue Mar 2024	64.90	67.00	68.20	64.80	0.633 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 59.2, but if it comes above 59.2, then a intra day buy could be more profitable.
If you take a sell trade below 59.2, then use 59.2 as stoploss and 53.4 as target. However if you take a buy trade in stock , then use 59.2 as stoploss and 64 as target.

Share price targets for Shah Alloys (SHAHALLOYS_BE)

Target Type	Value
Downside Target	50.00
Downside Target	53.75
Downside Target	55.00
Upside Target	58.50
Upside Target	62.00
Upside Target	64.10
Upside Target	66.70
Upside Target	68.50
Upside Target	72.60
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	55.4
Downside Intraday Target	53.45
Upside Intraday Target	58.9
Upside Intraday Target	60.45
Downside Intraday Target	56.95

Weekly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	57.35	58.50	58.50	55.00	0.367 times
15 Fri Mar 2024	56.00	68.00	68.00	55.00	1.338 times
07 Thu Mar 2024	65.90	68.20	68.20	62.00	0.634 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

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
19 Tue Mar 2024	57.35	68.00	68.50	55.00	0.483 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 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 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 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 SELL. Signal strength is Strong and stock is losing momentum.

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

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 red color and prices are below the red 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 but buying is losing 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 59.16 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 negative.

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