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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 2024-10-22 View latest technical analysis

10 day averaged volume of Shah Alloys is 17587

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	71.52	74.00	74.85	71.36	0.775 times
21 Mon Oct 2024	75.12	77.75	77.75	73.01	0.586 times
18 Fri Oct 2024	76.50	77.89	77.89	73.97	0.576 times
17 Thu Oct 2024	76.90	76.95	78.90	74.25	0.796 times
16 Wed Oct 2024	77.24	80.00	80.00	76.90	1.407 times
15 Tue Oct 2024	80.31	81.54	81.55	79.00	0.607 times
14 Mon Oct 2024	81.54	82.84	84.92	81.00	0.693 times
11 Fri Oct 2024	82.84	84.75	85.40	82.44	0.689 times
10 Thu Oct 2024	84.95	85.00	87.00	83.95	1.025 times
09 Wed Oct 2024	85.12	81.10	86.00	81.10	0.999 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 69.7 as stoploss in an intra day buy trade for a target of 80.6. However, stock will show a bearish move below 69.7.

Share price targets for Shah Alloys (SHAHALLOYS_BE)

Target Type	Value
Downside Target	55.00
Downside Target	58.00
Downside Target	62.50
Downside Target	68.50
Downside Target	71.36
Upside Target	73.97
Upside Target	77.75
Upside Target	80.49
Upside Target	83.38
Upside Target	87.60
Upside Target	92.39
Upside Target	97.26
Upside Target	107.40

Intraday share price targets for Shah Alloys (SHAHALLOYS_BE)

Target Type	Value
Downside Intraday Target	69.34
Downside Intraday Target	67.15
Upside Intraday Target	75.73
Upside Intraday Target	79.93
Upside Intraday Target	73.54

Weekly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	71.52	77.75	77.75	71.36	0.334 times
18 Fri Oct 2024	76.50	82.84	84.92	73.97	0.667 times
11 Fri Oct 2024	82.84	87.60	87.60	80.49	0.615 times
04 Fri Oct 2024	89.19	97.26	97.26	83.38	3.236 times
27 Fri Sep 2024	102.38	64.25	107.40	63.50	1.684 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
22 Tue Oct 2024	71.52	92.39	92.39	71.36	7.576 times
30 Mon Sep 2024	97.26	107.40	107.40	97.26	0.276 times
22 Mon Apr 2024	64.35	59.40	68.95	58.00	0.41 times
28 Thu Mar 2024	59.40	68.00	68.50	55.00	0.99 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 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 79.46 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.