(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 3222
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Tue May 2024 | 63.24 | 66.00 | 66.00 | 63.00 | 0.083 times |
| 06 Mon May 2024 | 64.77 | 70.75 | 70.75 | 64.22 | 0.725 times |
| 03 Fri May 2024 | 67.44 | 68.47 | 68.50 | 66.30 | 1.193 times |
| 02 Thu May 2024 | 68.46 | 68.14 | 69.54 | 67.01 | 0.575 times |
| 30 Tue Apr 2024 | 66.80 | 66.50 | 69.50 | 66.00 | 1.041 times |
My analysis of stock is bearish for shortterm, and stock might move down till 61.3 or till 58. Use a stoploss of 64.06 and if the stock hits stoploss, then it can shoot up till 66.81
Share price targets for Shah Alloys (ShahAlloys)
| Target Type | Value |
| Downside Target | 54.96 |
| Downside Target | 58.00 |
| Downside Target | 60.00 |
| Downside Target | 61.25 |
| Upside Target | 67.52 |
| Upside Target | 68.75 |
| Upside Target | 69.50 |
| Upside Target | 69.54 |
| Upside Target | 70.75 |
| Upside Target | 83.84 |
| Upside Target | 94.00 |
Intraday share price targets for Shah Alloys (ShahAlloys)
| Target Type | Value |
| Downside Intraday Target | 60.58 |
| Downside Intraday Target | 57.91 |
| Upside Intraday Target | 68.33 |
| Upside Intraday Target | 73.41 |
| Upside Intraday Target | 65.66 |
Weekly technical analysis of Shah Alloys (ShahAlloys)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Tue May 2024 | 63.24 | 70.75 | 70.75 | 63.00 | 0.186 times |
| 03 Fri May 2024 | 67.44 | 64.06 | 69.54 | 64.06 | 0.868 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 |
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 |
| 07 Tue May 2024 | 63.24 | 68.14 | 70.75 | 63.00 | 0.155 times |
| 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 |
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 Shah Alloys (ShahAlloys)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 27, 17, 24 | Buy |
| MACD | 1, 0 | Buy |
| Stochastics | 42 | None |
| CCI | -86 | Sell |
| RSI | 52 | Buy |
| OBV | 807 | Sell |
| VWAP | 66 | Sell |
| ADL | 0 | Sell |
| ROC | -1 | 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 losing momentum.
MACD generated a BUY signal for Shah Alloys in short term and the buy signal is strong.
Shah Alloys Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 coming down
CCI has generated a SELL signal for Shah Alloys in short term and SELL 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 65.75 and Shah Alloys (ShahAlloys) stock is trading below this level. This means that stock is falling with high volumes. 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 has given negative 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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