(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 2799
| Date | Daily Closing Price | Open | High | Low | Volume |
| 30 Tue Apr 2024 | 66.80 | 66.50 | 69.50 | 66.00 | 1.198 times |
| 29 Mon Apr 2024 | 67.89 | 64.06 | 68.40 | 64.06 | 1.771 times |
| 26 Fri Apr 2024 | 65.37 | 64.90 | 66.00 | 63.50 | 1.374 times |
| 25 Thu Apr 2024 | 63.51 | 62.00 | 64.90 | 62.00 | 0.679 times |
| 24 Wed Apr 2024 | 62.95 | 67.93 | 67.94 | 62.00 | 1.642 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 66.4, but if it comes below 66.4, then a intra day sell could be more profitable.
If you take a sell trade below 66.4, then use 66.4 as stoploss and 63.77 as target. However if you take a buy trade in stock , then use 66.4 as stoploss and 69.6 as target.
Share price targets for Shah Alloys (ShahAlloys)
| Target Type | Value |
| Downside Target | 54.00 |
| Downside Target | 58.00 |
| Downside Target | 60.00 |
| Downside Target | 63.84 |
| Upside Target | 67.52 |
| Upside Target | 68.75 |
| Upside Target | 69.24 |
| Upside Target | 69.50 |
| Upside Target | 72.79 |
| Upside Target | 83.84 |
| Upside Target | 94.00 |
Intraday share price targets for Shah Alloys (ShahAlloys)
| Target Type | Value |
| Downside Intraday Target | 64.07 |
| Downside Intraday Target | 61.35 |
| Upside Intraday Target | 69.51 |
| Upside Intraday Target | 72.23 |
| Downside Intraday Target | 66.79 |
Weekly technical analysis of Shah Alloys (ShahAlloys)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 30 Tue Apr 2024 | 66.80 | 64.06 | 69.50 | 64.06 | 0.515 times |
| 26 Fri Apr 2024 | 65.37 | 63.76 | 67.94 | 62.00 | 3.788 times |
| 19 Fri Apr 2024 | 60.73 | 59.87 | 61.84 | 58.00 | 0.331 times |
| 12 Fri Apr 2024 | 61.40 | 67.20 | 68.75 | 61.25 | 1.066 times |
| 05 Fri Apr 2024 | 67.20 | 60.40 | 69.24 | 60.40 | 0.91 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 Shah Alloys (ShahAlloys)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 30 Tue Apr 2024 | 66.80 | 60.40 | 69.50 | 58.00 | 1.626 times |
| 28 Thu Mar 2024 | 58.12 | 65.15 | 67.52 | 54.96 | 0.333 times |
| 29 Thu Feb 2024 | 67.90 | 74.00 | 83.84 | 63.84 | 0.232 times |
| 31 Wed Jan 2024 | 76.95 | 63.33 | 94.00 | 60.00 | 2.481 times |
Price has moved up 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 | 33, 18, 30 | Buy |
| MACD | 1, -1 | Buy |
| Stochastics | 82 | Buy |
| CCI | 112 | Buy |
| RSI | 53 | Buy |
| OBV | 3831 | Sell |
| VWAP | 65 | Buy |
| ADL | 0 | Sell |
| ROC | 11 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Shah Alloys ( (ShahAlloys) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 coming down
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
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Shah Alloys is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 64.7 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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