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(Shangar) Shangar complete technical analysis [charts+indicators] | Buy/Sell Shangar | (Shangar) share price targets

Complete technical analysis of Shangar (Shangar) by charts plus indicators, forecast predictions and share price targets for Shangar (Shangar)

10 day averaged volume of Shangar is 83966

Date Daily Closing Price Open High Low Volume
30 Tue Apr 2024 6.26 6.39 6.39 6.26 0.355 times
29 Mon Apr 2024 6.14 6.14 6.14 6.14 3.703 times
26 Fri Apr 2024 5.90 5.70 5.90 5.42 0.559 times
25 Thu Apr 2024 5.70 5.73 5.73 5.70 1.326 times
24 Wed Apr 2024 5.73 5.73 5.73 5.73 0.473 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 6.5, for a target of 5.5 or 4.72

Share price targets for Shangar (Shangar)

Target Type Value
Downside Target 3.70
Downside Target 3.82
Downside Target 4.00
Downside Target 4.41
Downside Target 4.83
Downside Target 4.97
Downside Target 5.42
Downside Target 5.90
Downside Target 6.14
Upside Target 6.39
Upside Target 6.60
Upside Target 6.98

Intraday share price targets for Shangar (Shangar)

Target Type Value
Downside Intraday Target 6.14
Downside Intraday Target 6.01
Upside Intraday Target 6.39
Upside Intraday Target 6.51
Upside Intraday Target 6.26

Weekly technical analysis of Shangar (Shangar)

Date Weekly Closing Price Open High Low Volume
30 Tue Apr 2024 6.26 6.14 6.39 6.14 0.723 times
26 Fri Apr 2024 5.90 4.97 5.90 4.97 14.707 times
19 Fri Apr 2024 4.52 4.02 4.52 4.00 1.272 times
12 Fri Apr 2024 4.40 4.18 4.41 3.82 0.505 times
05 Fri Apr 2024 4.30 4.09 4.45 3.85 0.45 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 Shangar (Shangar)

Date Monthly Closing Price Open High Low Volume
30 Tue Apr 2024 6.26 4.09 6.39 3.82 2.547 times
28 Thu Mar 2024 3.93 4.45 4.83 3.70 1.524 times
29 Thu Feb 2024 4.45 5.49 5.49 4.45 0.535 times
31 Wed Jan 2024 5.49 5.65 6.60 4.84 0.621 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 Shangar (Shangar)

Indicator Name Indicator Value Indicator Signal
ADX 57, 17, 55 Buy
MACD 1, 0Buy
Stochastics 98Buy
CCI 99Buy
RSI 62Buy
OBV 632778Sell
VWAP 6Buy
ADL 0Sell
ROC 54Buy
Force Index 0Sell

Price action analysis of Shangar ( (Shangar) ) 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 Shangar ( (Shangar) ) 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 Shangar ( (Shangar) ) 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 Shangar ( (Shangar) ) based on a mid to longer term time period is

ADX buy sell signal for Shangar stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Shangar 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.

Shangar 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 moving up

CCI has generated a buy signal for Shangar in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 Shangar is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 5.63 and Shangar (Shangar) 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 Shangar (Shangar) stock. Volume based technical analysis of Shangar (Shangar) stock is negative.

Shangar 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.

Click here for Shangar charts

Click here for further forecast and predictions for tomorrow

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