Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-11-04 View latest technical analysis

10 day averaged volume of Shah Alloys is 9096

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	72.61	72.00	74.95	72.00	0.822 times
01 Fri Nov 2024	73.75	70.02	74.74	70.02	1.374 times
31 Thu Oct 2024	71.94	70.30	72.40	68.20	0.313 times
30 Wed Oct 2024	70.28	67.15	72.70	67.15	0.783 times
29 Tue Oct 2024	70.11	68.50	73.50	68.50	0.534 times
28 Mon Oct 2024	71.24	68.25	73.00	68.25	0.974 times
25 Fri Oct 2024	71.45	74.50	74.50	71.05	1.034 times
24 Thu Oct 2024	74.48	73.68	75.00	72.50	1.354 times
23 Wed Oct 2024	73.68	70.95	74.50	68.30	1.001 times
22 Tue Oct 2024	71.52	74.00	74.85	71.36	1.499 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 71.3 as stoploss in an intra day buy trade for a target of 76.19. However, stock will show a bearish move below 71.3.

Share price targets for Shah Alloys (SHAHALLOYS_BE)

Target Type	Value
Downside Target	55.00
Downside Target	58.00
Downside Target	67.15
Downside Target	72.00
Upside Target	73.97
Upside Target	77.75
Upside Target	80.49
Upside Target	84.92
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	71.42
Downside Intraday Target	70.24
Upside Intraday Target	74.37
Upside Intraday Target	76.14
Upside Intraday Target	73.19

Weekly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	72.61	72.00	74.95	72.00	0.207 times
01 Fri Nov 2024	73.75	68.25	74.74	67.15	0.661 times
25 Fri Oct 2024	71.45	77.75	77.75	68.30	0.763 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

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
04 Mon Nov 2024	72.61	70.02	74.95	70.02	0.048 times
31 Thu Oct 2024	71.94	92.39	92.39	67.15	8.712 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

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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls 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 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

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 72.37 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 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.