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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 2024-04-19 View latest technical analysis

10 day averaged volume of Shah Alloys is 10209

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	61.30	58.40	61.30	58.00	0.931 times
18 Thu Apr 2024	58.40	58.95	60.00	58.10	0.206 times
16 Tue Apr 2024	58.95	59.40	61.40	58.00	0.909 times
15 Mon Apr 2024	59.40	60.00	61.00	59.15	1.094 times
12 Fri Apr 2024	61.75	62.60	64.00	60.60	1.182 times
10 Wed Apr 2024	62.70	66.80	66.80	61.25	0.707 times
09 Tue Apr 2024	63.80	66.90	66.90	63.30	0.666 times
08 Mon Apr 2024	66.20	67.50	68.95	65.00	0.772 times
05 Fri Apr 2024	66.50	68.45	68.45	66.00	0.516 times
04 Thu Apr 2024	65.45	64.95	67.85	64.00	2.352 times

My analysis of stock is bullish for shortterm, and stock might move up till 64.4 or till 68.1. Use a stoploss of 61.23 and if this stock hits its stoploss, then it can fall down till 58.1

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	60.60
Upside Target	67.00
Upside Target	68.45
Upside Target	68.50
Upside Target	68.95
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	59.07
Downside Intraday Target	56.83
Upside Intraday Target	62.47
Upside Intraday Target	63.63
Downside Intraday Target	60.23

Weekly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	61.30	60.00	61.40	58.00	0.944 times
12 Fri Apr 2024	61.75	67.50	68.95	60.60	0.388 times
05 Fri Apr 2024	66.50	59.40	68.45	58.20	0.988 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

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
19 Fri Apr 2024	61.30	59.40	68.95	58.00	0.362 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 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 neutral. A longer time frame might give a better analysis.

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 Weak and stock is losing momentum.

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

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 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 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 62.86 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.