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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 2024-04-09 View latest technical analysis

10 day averaged volume of Shalby is 403150

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	281.55	283.80	294.00	275.65	0.613 times
08 Mon Apr 2024	282.10	274.10	288.00	274.10	2.548 times
05 Fri Apr 2024	267.40	266.00	274.70	264.10	0.773 times
04 Thu Apr 2024	266.10	264.10	270.70	262.30	0.834 times
03 Wed Apr 2024	262.70	248.90	268.70	247.00	1.561 times
02 Tue Apr 2024	248.00	245.70	254.25	243.95	0.671 times
01 Mon Apr 2024	244.95	240.25	251.10	240.00	1.189 times
28 Thu Mar 2024	239.10	241.60	243.25	236.40	0.462 times
27 Wed Mar 2024	241.65	244.00	245.90	240.55	0.576 times
26 Tue Mar 2024	243.30	247.85	250.00	240.00	1.003 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 283.3, for a target of 262.6 or 245.29

Share price targets for Shalby (SHALBY)

Target Type	Value
Downside Target	210.35
Downside Target	227.60
Downside Target	236.40
Downside Target	245.40
Downside Target	260.80
Downside Target	274.10
Upside Target	286.60
Upside Target	287.15
Upside Target	294.00
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	272.43
Downside Intraday Target	263.32
Upside Intraday Target	292.33
Upside Intraday Target	303.12
Upside Intraday Target	283.22

Weekly technical analysis of Shalby (SHALBY)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	281.55	274.10	294.00	274.10	0.629 times
05 Fri Apr 2024	267.40	240.25	274.70	240.00	2.463 times
28 Thu Mar 2024	239.10	247.85	250.00	236.40	0.878 times
22 Fri Mar 2024	242.95	232.95	245.40	227.60	0.507 times
15 Fri Mar 2024	232.05	249.95	253.65	210.35	1.192 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 Shalby (SHALBY)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	281.55	240.25	294.00	240.00	0.606 times
28 Thu Mar 2024	239.10	269.30	275.85	210.35	0.989 times
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

Scroll below to view daily charts

Price has moved up 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 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 Shalby ( (SHALBY) ) 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Shalby 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.

Shalby Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a buy signal for Shalby in short term and BUY 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 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 262.11 and Shalby (SHALBY) 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 Shalby (SHALBY) stock. Volume based technical analysis of Shalby (SHALBY) stock is negative.

Shalby Stock is giving positive 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.