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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 2025-01-22 View latest technical analysis

10 day averaged volume of Shah Alloys is 1675

Date	Daily Closing Price	Open	High	Low	Volume
22 Wed Jan 2025	64.40	66.70	66.70	64.17	1.515 times
21 Tue Jan 2025	67.55	68.26	68.26	65.15	2.319 times
20 Mon Jan 2025	65.01	64.40	65.15	64.40	1.436 times
17 Fri Jan 2025	62.05	62.60	62.60	62.05	0.036 times
16 Thu Jan 2025	62.05	62.99	62.99	61.73	0.952 times
15 Wed Jan 2025	62.99	61.00	62.99	61.00	1.375 times
14 Tue Jan 2025	61.98	63.25	63.25	61.98	0.183 times
13 Mon Jan 2025	63.25	64.00	64.00	63.25	0.27 times
10 Fri Jan 2025	64.40	65.70	65.70	64.40	1.02 times
09 Thu Jan 2025	65.70	65.66	65.70	65.66	0.17 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 63.5 as stoploss in an intra day buy trade for a target of 65.74. However, stock will show a bearish move below 63.5.

Share price targets for Shah Alloys (SHAHALLOYS_BE)

Target Type	Value
Downside Target	61.00
Downside Target	63.75
Upside Target	66.00
Upside Target	68.64
Upside Target	69.53
Upside Target	79.99
Upside Target	82.21
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	62.96
Downside Intraday Target	61.52
Upside Intraday Target	67.05
Upside Intraday Target	69.7
Upside Intraday Target	65.61

Weekly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Wed Jan 2025	64.40	64.40	68.26	64.17	1.872 times
17 Fri Jan 2025	62.05	64.00	64.00	61.00	0.794 times
10 Fri Jan 2025	64.40	68.64	68.64	64.40	0.979 times
03 Fri Jan 2025	68.64	66.64	68.64	66.00	0.659 times
27 Fri Dec 2024	66.64	69.53	69.53	66.64	0.858 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Wed Jan 2025	64.40	67.30	68.64	61.00	0.228 times
31 Tue Dec 2024	67.30	69.45	82.21	66.00	0.636 times
29 Fri Nov 2024	71.40	70.02	79.99	63.75	0.357 times
31 Thu Oct 2024	71.94	92.39	92.39	67.15	8.712 times

Scroll below to view daily charts

Price has moved down 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 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 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 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 Weak and stock is losing 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 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 SELL signal for Shah Alloys in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 64.77 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.