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(SHAH_BE) Shah Metacorp complete technical analysis [charts+indicators] | Buy/Sell Shah Metacorp | (SHAH_BE) share price targets

Complete technical analysis of Shah Metacorp (SHAH_BE) by charts plus indicators, forecast predictions and share price targets for Shah Metacorp (SHAH_BE)

Showing technical analysis as on 2024-08-21 View latest technical analysis

10 day averaged volume of Shah Metacorp is 2488916

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	5.99	6.06	6.15	5.90	0.661 times
20 Tue Aug 2024	6.04	6.10	6.15	5.95	1.112 times
19 Mon Aug 2024	5.99	5.70	6.00	5.48	1.165 times
16 Fri Aug 2024	5.72	6.00	6.08	5.66	0.889 times
14 Wed Aug 2024	5.88	6.27	6.27	5.76	2.67 times
13 Tue Aug 2024	5.98	5.41	5.98	5.41	2.015 times
12 Mon Aug 2024	5.70	5.70	5.70	5.70	0.493 times
09 Fri Aug 2024	6.00	6.00	6.00	6.00	0.548 times
08 Thu Aug 2024	6.32	6.32	6.32	6.32	0.459 times
28 Thu Mar 2024	2.95	3.10	3.10	2.95	0.253 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 5.8, but if it comes below 5.8, then a intra day sell could be more profitable.
If you take a sell trade below 5.8, then use 5.8 as stoploss and 4.38 as target. However if you take a buy trade in stock , then use 5.8 as stoploss and 7.5 as target.

Share price targets for Shah Metacorp (SHAH_BE)

Target Type	Value
Downside Target	2.90
Downside Target	3.25
Downside Target	3.40
Downside Target	4.05
Downside Target	4.20
Downside Target	4.35
Downside Target	4.90
Downside Target	5.10
Downside Target	5.41
Upside Target	6.00
Upside Target	6.15
Upside Target	6.27
Upside Target	6.32

Intraday share price targets for Shah Metacorp (SHAH_BE)

Target Type	Value
Downside Intraday Target	5.6
Downside Intraday Target	5.2
Upside Intraday Target	6.27
Upside Intraday Target	6.54
Downside Intraday Target	5.87

Weekly technical analysis of Shah Metacorp (SHAH_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	5.99	5.70	6.15	5.48	0.484 times
16 Fri Aug 2024	5.72	5.70	6.27	5.41	6.028 times
09 Fri Aug 2024	6.00	6.32	6.32	6.00	0.829 times
28 Thu Mar 2024	2.95	3.40	3.40	2.95	1.089 times
22 Fri Mar 2024	3.25	3.10	3.25	2.90	0.814 times

Price has moved up 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 Metacorp (SHAH_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	5.99	6.32	6.32	5.41	1.94 times
28 Thu Mar 2024	2.95	3.90	4.20	2.90	0.823 times
29 Thu Feb 2024	3.85	4.05	4.05	3.45	0.972 times
31 Wed Jan 2024	4.10	4.15	5.10	4.10	7.606 times

Scroll below to view daily charts

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

Indicators analysis of Shah Metacorp (SHAH_BE)

Price action analysis of Shah Metacorp ( (SHAH_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 Metacorp ( (SHAH_BE) ) based on a short to mid 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 Metacorp ( (SHAH_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 Metacorp stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Shah Metacorp in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Shah Metacorp Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Shah Metacorp in short term but SELL signal is weak.

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 Metacorp is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 5.87 and Shah Metacorp (SHAH_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Shah Metacorp (SHAH_BE) stock. Volume based technical analysis of Shah Metacorp (SHAH_BE) stock is negative.

Shah Metacorp Stock is giving positive 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.