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(SHAILY) Shaily Eng complete technical analysis [charts+indicators] | Buy/Sell Shaily Eng | (SHAILY) share price targets

Complete technical analysis of Shaily Eng (SHAILY) by charts plus indicators, forecast predictions and share price targets for Shaily Eng (SHAILY)

Showing technical analysis as on 2024-01-08 View latest technical analysis

10 day averaged volume of Shaily Eng is 21693

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	329.00	331.80	335.15	325.75	10.294 times
05 Fri Jan 2024	334.35	336.65	337.50	329.50	0.824 times
04 Thu Jan 2024	334.90	342.10	344.95	331.30	1.649 times
03 Wed Jan 2024	338.40	335.80	349.00	330.30	1.174 times
02 Tue Jan 2024	334.75	339.00	339.00	330.60	0.775 times
01 Mon Jan 2024	334.80	333.00	338.50	332.55	0.902 times
29 Fri Dec 2023	336.15	348.35	348.35	332.60	0.909 times
28 Thu Dec 2023	339.40	339.00	342.75	336.20	0.87 times
27 Wed Dec 2023	343.85	333.10	347.70	332.00	1.117 times
26 Tue Dec 2023	334.70	342.80	343.40	332.75	0.796 times

Stock of Shaily Eng (SHAILY) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 330.7, but if it comes above 330.7, then a intra day buy could be more profitable.
If you take a sell trade below 330.7, then use 330.7 as stoploss and 324.5 as target. However if you take a buy trade in stock , then use 330.7 as stoploss and 335.85 as target.

Share price targets for Shaily Eng (SHAILY)

Target Type	Value
Downside Target	309.70
Downside Target	323.20
Upside Target	342.60
Upside Target	349.00
Upside Target	349.70
Upside Target	1632.35
Upside Target	1661.00
Upside Target	1824.95
Upside Target	1897.00
Upside Target	1914.95

Intraday share price targets for Shaily Eng (SHAILY)

Target Type	Value
Downside Intraday Target	324.78
Downside Intraday Target	320.57
Upside Intraday Target	334.18
Upside Intraday Target	339.37
Upside Intraday Target	329.97

Weekly technical analysis of Shaily Eng (SHAILY)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	329.00	331.80	335.15	325.75	1.933 times
05 Fri Jan 2024	334.35	333.00	349.00	329.50	1.442 times
29 Fri Dec 2023	336.15	342.80	348.35	332.00	0.435 times
22 Fri Dec 2023	342.55	332.00	349.70	331.55	1.219 times
15 Fri Dec 2023	328.15	336.00	342.60	323.20	0.842 times

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

Monthly technical analysis of Shaily Eng (SHAILY)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	329.00	333.00	349.00	325.75	0.483 times
29 Fri Dec 2023	336.15	313.00	349.70	309.70	0.896 times
30 Thu Nov 2023	315.65	1809.00	1897.00	312.60	6.655 times
31 Tue Oct 2023	1787.15	1825.00	1914.95	1632.35	1.018 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 Shaily Eng (SHAILY)

Price action analysis of Shaily Eng ( (SHAILY) ) 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 Shaily Eng ( (SHAILY) ) 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 Shaily Eng ( (SHAILY) ) based on a short to mid 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 Shaily Eng ( (SHAILY) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Shaily Eng stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Shaily Eng 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.

Shaily Eng 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 coming down

CCI has generated a SELL signal for Shaily Eng in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Shaily Eng is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 332.7 and Shaily Eng (SHAILY) 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 Shaily Eng (SHAILY) stock. Volume based technical analysis of Shaily Eng (SHAILY) stock is negative.

Shaily Eng 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.