(SHAHALLOYS) Shah Alloys complete technical analysis [charts+indicators] | Buy/Sell Shah Alloys | (SHAHALLOYS) share price targets
Complete technical analysis of Shah Alloys (SHAHALLOYS) by charts plus indicators, forecast predictions and share price targets for Shah Alloys (SHAHALLOYS)
10 day averaged volume of Shah Alloys is 12315
| Date | Daily Closing Price | Open | High | Low | Volume |
| 21 Tue May 2024 | 61.75 | 63.00 | 63.00 | 60.65 | 0.928 times |
| 20 Mon May 2024 | 60.90 | 60.80 | 61.80 | 59.05 | 0.736 times |
| 17 Fri May 2024 | 61.95 | 66.95 | 66.95 | 60.75 | 1.764 times |
| 16 Thu May 2024 | 63.95 | 63.00 | 64.00 | 63.00 | 1.593 times |
| 15 Wed May 2024 | 62.75 | 63.80 | 64.20 | 62.45 | 0.644 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 61.7 as stoploss in an intra day buy trade for a target of 63.86. However, stock will show a bearish move below 61.7.
Share price targets for Shah Alloys (SHAHALLOYS)
| Target Type | Value |
| Downside Target | 54.50 |
| Downside Target | 59.05 |
| Upside Target | 66.15 |
| Upside Target | 67.55 |
| Upside Target | 68.35 |
| Upside Target | 68.65 |
| Upside Target | 69.90 |
| Upside Target | 70.85 |
| Upside Target | 72.80 |
| Upside Target | 94.25 |
Intraday share price targets for Shah Alloys (SHAHALLOYS)
| Target Type | Value |
| Downside Intraday Target | 59.53 |
| Downside Intraday Target | 57.32 |
| Upside Intraday Target | 63.48 |
| Upside Intraday Target | 65.22 |
| Downside Intraday Target | 61.27 |
Weekly technical analysis of Shah Alloys (SHAHALLOYS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 21 Tue May 2024 | 61.75 | 60.80 | 63.00 | 59.05 | 0.254 times |
| 17 Fri May 2024 | 61.95 | 65.15 | 66.95 | 60.70 | 1.922 times |
| 10 Fri May 2024 | 63.85 | 68.35 | 68.35 | 60.00 | 0.785 times |
| 03 Fri May 2024 | 67.00 | 68.25 | 70.85 | 66.15 | 0.906 times |
| 26 Fri Apr 2024 | 65.20 | 65.00 | 67.55 | 60.25 | 0.72 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 Alloys (SHAHALLOYS)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 21 Tue May 2024 | 61.75 | 66.35 | 69.90 | 59.05 | 2.03 times |
| 30 Tue Apr 2024 | 66.90 | 65.00 | 70.85 | 60.25 | 0.044 times |
| 30 Tue Jan 2024 | 77.45 | 61.80 | 94.25 | 59.40 | 5.911 times |
| 29 Fri Dec 2023 | 63.80 | 72.00 | 72.80 | 61.90 | 0.398 times |
Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.
Indicators analysis of Shah Alloys (SHAHALLOYS)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 19, 19, 1 | Sell |
| MACD | -3, -3 | Sell |
| Stochastics | 26 | Sell |
| CCI | -78 | Buy |
| RSI | 54 | Buy |
| OBV | -20583 | Sell |
| VWAP | 62 | Sell |
| ADL | 0 | Sell |
| ROC | -3 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Shah Alloys ( (SHAHALLOYS) ) 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 Alloys ( (SHAHALLOYS) ) 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 Alloys ( (SHAHALLOYS) ) 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 Alloys ( (SHAHALLOYS) ) 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 Shah Alloys stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Shah Alloys in short term and the sell signal is strong.
Shah Alloys 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 in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Shah Alloys in short term but BUY signal is weak.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Shah Alloys is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 62.29 and Shah Alloys (SHAHALLOYS) 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 Alloys (SHAHALLOYS) stock. Volume based technical analysis of Shah Alloys (SHAHALLOYS) stock is negative.
Shah Alloys 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.
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