(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 38551
| Date | Daily Closing Price | Open | High | Low | Volume |
| 14 Fri Jun 2024 | 70.03 | 67.20 | 71.00 | 65.90 | 2.131 times |
| 13 Thu Jun 2024 | 66.19 | 66.30 | 67.50 | 64.35 | 0.696 times |
| 12 Wed Jun 2024 | 65.71 | 66.97 | 68.00 | 64.15 | 1.625 times |
| 11 Tue Jun 2024 | 65.27 | 68.29 | 68.29 | 62.56 | 1.151 times |
| 10 Mon Jun 2024 | 65.39 | 62.45 | 65.39 | 61.00 | 1.525 times |
Stock of Shah Alloys (SHAHALLOYS) has showed a significant upmove. This could be a good time to enter in this stock!
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 69.9, for a target of 64.6 or 60.18
Share price targets for Shah Alloys (SHAHALLOYS)
| Target Type | Value |
| Downside Target | 51.95 |
| Downside Target | 56.50 |
| Downside Target | 59.40 |
| Downside Target | 63.50 |
| Downside Target | 66.95 |
| Downside Target | 69.90 |
| Upside Target | 70.85 |
| Upside Target | 71.00 |
| Upside Target | 72.80 |
| Upside Target | 94.25 |
Intraday share price targets for Shah Alloys (SHAHALLOYS)
| Target Type | Value |
| Downside Intraday Target | 63.69 |
| Downside Intraday Target | 57.34 |
| Upside Intraday Target | 73.69 |
| Upside Intraday Target | 77.34 |
| Downside Intraday Target | 67.34 |
Weekly technical analysis of Shah Alloys (SHAHALLOYS)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 14 Fri Jun 2024 | 70.03 | 62.45 | 71.00 | 61.00 | 2.483 times |
| 07 Fri Jun 2024 | 59.45 | 59.70 | 59.70 | 51.95 | 1.842 times |
| 31 Fri May 2024 | 56.95 | 57.55 | 60.85 | 56.50 | 0.742 times |
| 24 Fri May 2024 | 59.05 | 60.80 | 63.50 | 57.05 | 1.004 times |
| 17 Fri May 2024 | 61.95 | 65.15 | 66.95 | 60.70 | 1.922 times |
Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Shah Alloys (SHAHALLOYS)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 14 Fri Jun 2024 | 70.03 | 59.70 | 71.00 | 51.95 | 1.321 times |
| 31 Fri May 2024 | 56.95 | 66.35 | 69.90 | 56.50 | 3.46 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 |
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 Shah Alloys (SHAHALLOYS)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 34, 11, 51 | Buy |
| MACD | 0, -2 | Buy |
| Stochastics | 89 | Buy |
| CCI | 105 | Buy |
| RSI | 62 | Buy |
| OBV | 73757 | Sell |
| VWAP | 64 | Buy |
| ADL | 0 | Sell |
| ROC | 23 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Shah Alloys ( (SHAHALLOYS) ) 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 Shah Alloys ( (SHAHALLOYS) ) 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 Shah Alloys ( (SHAHALLOYS) ) 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 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 BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Shah Alloys in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Shah Alloys Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining 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 63.56 and Shah Alloys (SHAHALLOYS) 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 Shah Alloys (SHAHALLOYS) stock. Volume based technical analysis of Shah Alloys (SHAHALLOYS) stock is negative.
Shah Alloys Stock is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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