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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 2024-10-24 View latest technical analysis

10 day averaged volume of Shah Metacorp is 835778

Date	Daily Closing Price	Open	High	Low	Volume
24 Thu Oct 2024	4.72	4.66	4.87	4.53	0.593 times
23 Wed Oct 2024	4.66	4.88	4.88	4.65	1.06 times
22 Tue Oct 2024	4.90	4.95	5.14	4.90	0.841 times
21 Mon Oct 2024	5.16	5.50	5.64	5.16	0.756 times
18 Fri Oct 2024	5.44	5.51	5.51	5.25	2.938 times
17 Thu Oct 2024	5.25	5.25	5.25	5.25	0.732 times
16 Wed Oct 2024	5.00	4.80	5.00	4.60	0.748 times
15 Tue Oct 2024	4.77	4.90	4.90	4.60	0.571 times
14 Mon Oct 2024	4.76	4.90	4.98	4.75	0.844 times
11 Fri Oct 2024	4.79	4.96	5.04	4.75	0.677 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 4.8, but if it comes above 4.8, then a intra day buy could be more profitable.
If you take a sell trade below 4.8, then use 4.8 as stoploss and 4.5 as target. However if you take a buy trade in stock , then use 4.8 as stoploss and 4.98 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	4.41
Downside Target	4.53
Upside Target	4.90
Upside Target	5.19
Upside Target	5.41
Upside Target	5.51
Upside Target	5.64
Upside Target	6.07
Upside Target	6.85

Intraday share price targets for Shah Metacorp (SHAH_BE)

Target Type	Value
Downside Intraday Target	4.29
Downside Intraday Target	3.85
Upside Intraday Target	5.4
Upside Intraday Target	6.07
Upside Intraday Target	4.96

Weekly technical analysis of Shah Metacorp (SHAH_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Thu Oct 2024	4.72	5.50	5.64	4.53	0.557 times
18 Fri Oct 2024	5.44	4.90	5.51	4.60	1.232 times
11 Fri Oct 2024	4.79	4.80	5.19	4.41	2.757 times
04 Fri Oct 2024	4.90	5.24	5.24	4.90	0.639 times
27 Fri Sep 2024	5.24	4.99	5.28	4.99	0.888 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
24 Thu Oct 2024	4.72	5.14	5.64	4.41	1.368 times
30 Mon Sep 2024	5.14	6.07	6.07	4.90	0.26 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

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 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 Metacorp ( (SHAH_BE) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Shah Metacorp ( (SHAH_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 Metacorp ( (SHAH_BE) ) based on a mid to longer term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 and the sell signal is strong.

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 red color and prices are below the red cloud Prices appear to be moving up

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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 5.05 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.