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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 2024-10-23 View latest technical analysis

10 day averaged volume of Shah Alloys is 14337

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	73.68	70.95	74.50	68.30	0.635 times
22 Tue Oct 2024	71.52	74.00	74.85	71.36	0.951 times
21 Mon Oct 2024	75.12	77.75	77.75	73.01	0.718 times
18 Fri Oct 2024	76.50	77.89	77.89	73.97	0.707 times
17 Thu Oct 2024	76.90	76.95	78.90	74.25	0.977 times
16 Wed Oct 2024	77.24	80.00	80.00	76.90	1.726 times
15 Tue Oct 2024	80.31	81.54	81.55	79.00	0.745 times
14 Mon Oct 2024	81.54	82.84	84.92	81.00	0.849 times
11 Fri Oct 2024	82.84	84.75	85.40	82.44	0.845 times
10 Thu Oct 2024	84.95	85.00	87.00	83.95	1.257 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 71.6 as stoploss in an intra day buy trade for a target of 81.37. However, stock will show a bearish move below 71.6.

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	68.30
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	68.74
Downside Intraday Target	63.79
Upside Intraday Target	78.19
Upside Intraday Target	82.69
Downside Intraday Target	73.24

Weekly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	73.68	77.75	77.75	68.30	0.461 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
23 Wed Oct 2024	73.68	92.39	92.39	68.30	7.765 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 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 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 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 78.33 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.