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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)

Showing technical analysis as on 2021-06-07 View latest technical analysis

10 day averaged volume of Shangar is 307185

Date Daily Closing Price Open High Low Volume
07 Mon Jun 2021 10.07 10.25 10.70 9.75 1.616 times
04 Fri Jun 2021 9.93 10.05 10.43 9.85 1.082 times
03 Thu Jun 2021 10.14 10.65 10.65 10.06 0.876 times
02 Wed Jun 2021 10.30 10.37 10.67 10.10 0.355 times
01 Tue Jun 2021 10.37 10.98 10.98 10.30 0.673 times
31 Mon May 2021 10.68 11.19 11.19 10.55 1.086 times
28 Fri May 2021 11.04 11.05 11.70 11.00 0.889 times
27 Thu May 2021 11.12 11.20 11.49 11.00 0.587 times
26 Wed May 2021 11.19 11.55 11.73 11.13 1.366 times
25 Tue May 2021 11.55 11.74 12.00 11.40 0.6 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 10.5, but if it comes above 10.5, then a intra day buy could be more profitable.
If you take a sell trade below 10.5, then use 10.5 as stoploss and 9.7 as target. However if you take a buy trade in stock , then use 10.5 as stoploss and 11.09 as target.

Share price targets for Shangar (Shangar)

Target Type Value
Downside Target 9.75
Upside Target 10.55
Upside Target 12.38
Upside Target 12.99
Upside Target 13.00
Upside Target 13.30
Upside Target 14.00
Upside Target 15.10
Upside Target 15.94
Upside Target 20.50
Upside Target 22.80

Intraday share price targets for Shangar (Shangar)

Target Type Value
Downside Intraday Target 9.65
Downside Intraday Target 9.22
Upside Intraday Target 10.6
Upside Intraday Target 11.12
Upside Intraday Target 10.17

Weekly technical analysis of Shangar (Shangar)

Date Weekly Closing Price Open High Low Volume
07 Mon Jun 2021 10.07 10.25 10.70 9.75 0.397 times
04 Fri Jun 2021 9.93 11.19 11.19 9.85 0.687 times
28 Fri May 2021 11.04 12.48 12.99 11.00 0.748 times
21 Fri May 2021 12.35 11.40 13.00 10.90 2.176 times
14 Fri May 2021 11.35 11.83 12.38 11.20 0.724 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
07 Mon Jun 2021 10.07 10.98 10.98 9.75 0.195 times
31 Mon May 2021 10.68 13.40 14.00 10.55 1.072 times
30 Fri Apr 2021 13.34 14.45 15.94 10.90 0.645 times
31 Wed Mar 2021 14.00 19.70 20.50 13.30 1.786 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 Shangar (Shangar)

Indicator Name Indicator Value Indicator Signal
ADX 16, 18, 7 Sell
MACD -2, -1Sell
Stochastics 7Sell
CCI -82Buy
RSI 63Buy
OBV -1888440Sell
VWAP 11Sell
ADL 0Sell
ROC -14Sell
Force Index 0Sell

Price action analysis of Shangar ( (Shangar) ) 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 Shangar ( (Shangar) ) 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 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 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 Shangar stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

Shangar Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 but BUY signal is weak.

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 10.59 and Shangar (Shangar) 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 Shangar (Shangar) stock. Volume based technical analysis of Shangar (Shangar) stock is negative.

Shangar 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.

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Daily charts

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