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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 2024-04-01 View latest technical analysis

10 day averaged volume of Shah Alloys is 28380

Date	Daily Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	62.35	59.40	62.35	58.20	0.526 times
28 Thu Mar 2024	59.40	58.20	61.15	57.00	0.174 times
27 Wed Mar 2024	58.80	58.80	59.90	58.00	1.039 times
26 Tue Mar 2024	57.05	60.00	60.10	57.05	1.913 times
22 Fri Mar 2024	60.05	60.00	60.80	58.00	1.428 times
21 Thu Mar 2024	57.95	57.15	59.00	56.95	2.983 times
20 Wed Mar 2024	57.15	56.20	59.00	55.50	0.123 times
19 Tue Mar 2024	57.35	57.00	57.40	56.00	0.223 times
18 Mon Mar 2024	55.50	58.50	58.50	55.00	0.739 times
15 Fri Mar 2024	56.00	57.00	59.45	55.75	0.861 times

My analysis of stock is bullish for shortterm, and stock might move up till 64.7 or till 69.4. Use a stoploss of 60.74 and if this stock hits its stoploss, then it can fall down till 56.79

Share price targets for Shah Alloys (SHAHALLOYS_BE)

Target Type	Value
Downside Target	53.75
Downside Target	55.00
Downside Target	57.00
Downside Target	58.20
Downside Target	60.80
Upside Target	67.00
Upside Target	68.00
Upside Target	68.20
Upside Target	68.50
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	59.58
Downside Intraday Target	56.82
Upside Intraday Target	63.73
Upside Intraday Target	65.12
Downside Intraday Target	60.97

Weekly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	62.35	59.40	62.35	58.20	0.168 times
28 Thu Mar 2024	59.40	60.00	61.15	57.00	0.569 times
22 Fri Mar 2024	60.05	58.50	60.80	55.00	2.096 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

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
01 Mon Apr 2024	62.35	59.40	62.35	58.20	0.035 times
28 Thu Mar 2024	59.40	68.00	68.50	55.00	0.99 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

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 BUY. Signal strength is Weak and stock is gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 moving up

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 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 58.05 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 rising upwards.

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.