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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 3818

Date Daily Closing Price Open High Low Volume
21 Tue May 2024 5.77 5.78 5.78 5.51 2.035 times
20 Mon May 2024 5.51 5.51 5.51 5.51 0.524 times
17 Fri May 2024 5.25 5.05 5.25 5.05 1.511 times
16 Thu May 2024 5.10 4.91 5.10 4.90 1.955 times
15 Wed May 2024 4.91 4.91 4.91 4.91 0.743 times

Stock of Shangar (Shangar) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 5.9 as stoploss in an intra day sell trade for a target of 5.39. However, stock will show a bullish move above 5.9.

Share price targets for Shangar (Shangar)

Target Type Value
Downside Target 3.70
Downside Target 3.82
Downside Target 4.45
Downside Target 4.65
Downside Target 4.83
Downside Target 4.97
Downside Target 5.25
Downside Target 5.49
Downside Target 5.77
Upside Target 5.90
Upside Target 6.07
Upside Target 6.39
Upside Target 6.60

Intraday share price targets for Shangar (Shangar)

Target Type Value
Downside Intraday Target 5.59
Downside Intraday Target 5.42
Upside Intraday Target 5.86
Upside Intraday Target 5.96
Downside Intraday Target 5.69

Weekly technical analysis of Shangar (Shangar)

Date Weekly Closing Price Open High Low Volume
21 Tue May 2024 5.77 5.51 5.78 5.51 0.482 times
17 Fri May 2024 5.25 4.60 5.25 4.46 1.846 times
10 Fri May 2024 4.65 5.59 5.59 4.65 0.025 times
03 Fri May 2024 5.77 6.14 6.39 5.77 0.93 times
26 Fri Apr 2024 5.90 4.97 5.90 4.97 14.707 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
21 Tue May 2024 5.77 6.07 6.07 4.46 0.151 times
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

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 Shangar (Shangar)

Indicator Name Indicator Value Indicator Signal
ADX 56, 36, 22 Buy
MACD 0, 0Buy
Stochastics 90Buy
CCI 163Buy
RSI 55Buy
OBV 507700Sell
VWAP 5Buy
ADL 0Sell
ROC 11Buy
Force Index 0Sell

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 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 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 Shangar ( (Shangar) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 Shangar 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 Shangar is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 5.16 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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