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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 2024-09-06 View latest technical analysis

10 day averaged volume of Shah Metacorp is 875245

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	5.58	5.58	5.58	5.58	0.339 times
05 Thu Sep 2024	5.70	5.70	5.70	5.70	0.478 times
04 Wed Sep 2024	5.82	5.82	5.82	5.82	0.181 times
03 Tue Sep 2024	5.94	5.94	5.94	5.94	0.287 times
02 Mon Sep 2024	6.07	6.07	6.07	6.07	0.149 times
30 Fri Aug 2024	6.20	6.20	6.20	6.20	0.145 times
29 Thu Aug 2024	6.33	6.33	6.33	6.33	0.081 times
28 Wed Aug 2024	6.46	6.46	6.46	6.46	0.182 times
27 Tue Aug 2024	6.60	6.60	6.60	6.60	0.394 times
26 Mon Aug 2024	6.74	6.80	6.85	6.27	5.883 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 5.8, but if it comes above 5.8, then a intra day buy could be more profitable.
If you take a sell trade below 5.8, then use 5.8 as stoploss and 5.4 as target. However if you take a buy trade in stock , then use 5.8 as stoploss and 6.08 as target.

Share price targets for Shah Metacorp (SHAH_BE)

Target Type	Value
Downside Target	2.90
Downside Target	3.45
Downside Target	4.05
Downside Target	4.20
Downside Target	5.10
Downside Target	5.41
Upside Target	6.00
Upside Target	6.20
Upside Target	6.27
Upside Target	6.32
Upside Target	6.59
Upside Target	6.85

Intraday share price targets for Shah Metacorp (SHAH_BE)

Target Type	Value
Downside Intraday Target	5.42
Downside Intraday Target	5.25
Upside Intraday Target	5.91
Upside Intraday Target	6.23
Upside Intraday Target	5.74

Weekly technical analysis of Shah Metacorp (SHAH_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	5.58	6.07	6.07	5.58	0.214 times
30 Fri Aug 2024	6.20	6.80	6.85	6.20	0.495 times
23 Fri Aug 2024	6.59	5.70	6.59	5.48	0.783 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

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 Metacorp (SHAH_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	5.58	6.07	6.07	5.58	0.036 times
30 Fri Aug 2024	6.20	6.32	6.85	5.41	2.747 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

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 Metacorp (SHAH_BE)

Price action analysis of Shah Metacorp ( (SHAH_BE) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Shah Metacorp stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Shah Metacorp in short term but the sell signal is initial and weak.

Shah Metacorp 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 green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Shah Metacorp in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Shah Metacorp is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 6.54 and Shah Metacorp (SHAH_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 Metacorp (SHAH_BE) stock. Volume based technical analysis of Shah Metacorp (SHAH_BE) stock is negative.

Shah Metacorp 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.