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(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 7910

Date Daily Closing Price Open High Low Volume
25 Fri Nov 2022 56.10 55.30 56.10 55.30 0.541 times
24 Thu Nov 2022 55.70 55.50 57.35 54.65 0.502 times
23 Wed Nov 2022 57.50 56.15 57.75 56.15 0.306 times
22 Tue Nov 2022 56.90 59.40 59.40 56.65 0.839 times
21 Mon Nov 2022 59.40 59.40 59.45 57.30 3.727 times
18 Fri Nov 2022 56.65 57.30 57.40 56.65 0.047 times
17 Thu Nov 2022 57.25 56.50 58.90 55.15 0.412 times
16 Wed Nov 2022 57.20 58.70 58.70 56.05 2.363 times
15 Tue Nov 2022 59.00 62.65 62.65 57.50 1.631 times
14 Mon Nov 2022 59.70 59.70 59.70 59.70 0.063 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 56 as stoploss in an intra day buy trade for a target of 57.17. However, stock will show a bearish move below 56.

Share price targets for Shah Alloys (ShahAlloys)

Target Type Value
Downside Target 50.00
Downside Target 53.80
Upside Target 59.45
Upside Target 61.85
Upside Target 62.65
Upside Target 64.55
Upside Target 67.30
Upside Target 70.00
Upside Target 75.50
Upside Target 84.30

Intraday share price targets for Shah Alloys (ShahAlloys)

Target Type Value
Downside Intraday Target 54.02
Downside Intraday Target 51.93
Upside Intraday Target 58.82
Upside Intraday Target 61.53
Upside Intraday Target 56.73

Weekly technical analysis of Shah Alloys (ShahAlloys)

Date Weekly Closing Price Open High Low Volume
25 Fri Nov 2022 56.10 59.40 59.45 54.65 1.31 times
18 Fri Nov 2022 56.65 59.70 62.65 55.15 5.606 times
11 Fri Nov 2022 56.90 57.60 60.60 54.10 0.375 times
04 Fri Nov 2022 57.50 58.90 59.70 53.80 2.495 times
28 Fri Oct 2022 57.00 61.80 61.85 57.00 0.492 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
25 Fri Nov 2022 56.10 55.00 62.65 53.80 0.909 times
31 Mon Oct 2022 56.45 62.05 67.30 56.00 0.341 times
30 Fri Sep 2022 64.10 55.65 64.55 50.10 1.643 times
30 Tue Aug 2022 53.75 74.00 75.50 50.00 1.085 times

Scroll below to view daily charts

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 17, 21, 11 Sell
MACD -1, -1Sell
Stochastics 24Sell
CCI -109Sell
RSI 52Buy
OBV -20655Sell
VWAP 58Sell
ADL 0Sell
ROC -1Sell
Force Index 0Sell

Price action analysis of Shah Alloys ( (ShahAlloys) ) based on a short 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 Shah Alloys ( (ShahAlloys) ) based on a short 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 Shah Alloys ( (ShahAlloys) ) 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 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 SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Shah Alloys in short term and the sell signal is strong.

Shah Alloys Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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 but buying is losing 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 58.14 and Shah Alloys (ShahAlloys) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Click here for Shah Alloys charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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