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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 2021-06-11 View latest technical analysis

10 day averaged volume of Shangar is 300493

Date Daily Closing Price Open High Low Volume
11 Fri Jun 2021 10.47 10.39 10.52 10.00 0.363 times
10 Thu Jun 2021 10.23 10.29 10.30 10.00 0.241 times
09 Wed Jun 2021 10.03 10.36 10.44 9.95 1.898 times
08 Tue Jun 2021 10.04 10.40 10.53 10.00 1.137 times
07 Mon Jun 2021 10.07 10.25 10.70 9.75 1.652 times
04 Fri Jun 2021 9.93 10.05 10.43 9.85 1.106 times
03 Thu Jun 2021 10.14 10.65 10.65 10.06 0.895 times
02 Wed Jun 2021 10.30 10.37 10.67 10.10 0.363 times
01 Tue Jun 2021 10.37 10.98 10.98 10.30 0.688 times
31 Mon May 2021 10.68 11.19 11.19 10.55 1.111 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 10.2 as stoploss in an intra day buy trade for a target of 10.81. However, stock will show a bearish move below 10.2.

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 9.91
Downside Intraday Target 9.36
Upside Intraday Target 10.86
Upside Intraday Target 11.26
Downside Intraday Target 10.31

Weekly technical analysis of Shangar (Shangar)

Date Weekly Closing Price Open High Low Volume
11 Fri Jun 2021 10.47 10.25 10.70 9.75 1.271 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
11 Fri Jun 2021 10.47 10.98 10.98 9.75 0.346 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, 16, 0 Sell
MACD -1, -1Buy
Stochastics 30Sell
CCI 9Buy
RSI 66Buy
OBV -2038817Sell
VWAP 10Buy
ADL 0Sell
ROC -5Sell
Force Index 0Sell

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

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 BUY signal for Shangar in short term but the buy signal is initial and weak.

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 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 and BUY 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 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 10.17 and Shangar (Shangar) stock is trading above this level. This is a good sign for the stock and it could move higher. 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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