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(SHALBY) Shalby complete technical analysis [charts+indicators] | Buy/Sell Shalby | (SHALBY) share price targets

Complete technical analysis of Shalby (SHALBY) by charts plus indicators, forecast predictions and share price targets for Shalby (SHALBY)

Showing technical analysis as on 2024-02-29 View latest technical analysis

10 day averaged volume of Shalby is 171126

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	269.30	280.00	282.70	260.80	2.716 times
28 Wed Feb 2024	279.50	287.00	289.50	277.35	0.928 times
27 Tue Feb 2024	287.05	290.00	292.40	281.30	2.869 times
26 Mon Feb 2024	293.25	296.60	296.60	292.00	0.49 times
23 Fri Feb 2024	295.10	298.20	300.00	293.25	0.581 times
22 Thu Feb 2024	296.10	293.10	302.00	289.10	1.109 times
21 Wed Feb 2024	293.80	299.30	301.70	292.35	0.735 times
20 Tue Feb 2024	297.90	303.75	305.90	296.05	0.935 times
19 Mon Feb 2024	302.75	300.75	303.60	298.95	0.451 times
16 Fri Feb 2024	298.95	297.95	304.30	297.10	0.772 times

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

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 272.4, for a target of 286.2 or 297.6

Share price targets for Shalby (SHALBY)

Target Type	Value
Downside Target	229.00
Downside Target	260.80
Upside Target	277.60
Upside Target	286.60
Upside Target	303.35
Upside Target	307.00
Upside Target	317.95
Upside Target	327.35
Upside Target	329.60
Upside Target	332.00
Upside Target	339.50

Intraday share price targets for Shalby (SHALBY)

Target Type	Value
Downside Intraday Target	254.53
Downside Intraday Target	239.77
Upside Intraday Target	290.33
Upside Intraday Target	311.37
Upside Intraday Target	275.57

Weekly technical analysis of Shalby (SHALBY)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	269.30	296.60	296.60	260.80	1.837 times
23 Fri Feb 2024	295.10	300.75	305.90	289.10	0.732 times
16 Fri Feb 2024	298.95	295.95	307.00	287.80	0.39 times
09 Fri Feb 2024	295.80	308.20	332.00	293.50	2.564 times
02 Fri Feb 2024	308.20	310.00	317.95	303.35	0.659 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 Shalby (SHALBY)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	269.30	310.20	332.00	260.80	0.965 times
31 Wed Jan 2024	307.75	303.90	339.50	287.15	0.692 times
29 Fri Dec 2023	302.60	308.00	329.60	286.60	0.512 times
30 Thu Nov 2023	306.55	286.20	327.35	277.60	0.896 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 Shalby (SHALBY)

Price action analysis of Shalby ( (SHALBY) ) 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 Shalby ( (SHALBY) ) 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 Shalby ( (SHALBY) ) 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 Shalby stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Shalby in short term and the sell signal is strong.

Shalby 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 Shalby in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 Shalby is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 286.53 and Shalby (SHALBY) 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 Shalby (SHALBY) stock. Volume based technical analysis of Shalby (SHALBY) stock is negative.

Shalby 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.