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

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

Showing technical analysis as on 2025-05-23 View latest technical analysis

10 day averaged volume of Shah Alloys is 6745

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri May 2025	58.20	57.00	58.50	55.10	2.01 times
22 Thu May 2025	55.80	58.50	59.40	55.30	1.428 times
21 Wed May 2025	57.00	57.75	57.75	57.00	0.633 times
20 Tue May 2025	58.99	58.39	59.00	56.80	0.976 times
19 Mon May 2025	59.00	56.60	60.50	56.30	1.224 times
16 Fri May 2025	59.25	60.00	61.31	58.70	0.816 times
15 Thu May 2025	61.00	59.24	62.00	59.24	0.474 times
14 Wed May 2025	60.08	60.24	61.85	58.90	1.302 times
13 Tue May 2025	60.48	62.33	62.95	60.02	0.941 times
12 Mon May 2025	61.11	60.00	61.11	60.00	1.912 times

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

My analysis of stock is bearish for shortterm, and stock might move down till 57.1 or till 55. Use a stoploss of 58.86 and if the stock hits stoploss, then it can shoot up till 60.63

Share price targets for Shah Alloys (SHAHALLOYS_BE)

Target Type	Value
Downside Target	54.55
Downside Target	57.25
Upside Target	58.70
Upside Target	60.50
Upside Target	62.95
Upside Target	63.75
Upside Target	66.00
Upside Target	68.64
Upside Target	72.00
Upside Target	79.99
Upside Target	82.21

Intraday share price targets for Shah Alloys (SHAHALLOYS_BE)

Target Type	Value
Downside Intraday Target	55.37
Downside Intraday Target	52.53
Upside Intraday Target	60.77
Upside Intraday Target	63.33
Downside Intraday Target	57.93

Weekly technical analysis of Shah Alloys (SHAHALLOYS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri May 2025	58.20	56.60	60.50	55.10	1.152 times
16 Fri May 2025	59.25	60.00	62.95	58.70	1.831 times
09 Fri May 2025	58.20	58.00	59.29	54.55	0.662 times
02 Fri May 2025	58.59	59.50	63.31	57.25	0.385 times
25 Fri Apr 2025	58.44	72.00	72.00	57.34	3.909 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Fri May 2025	58.20	57.25	62.95	54.55	0.926 times
30 Wed Apr 2025	59.61	72.00	72.00	57.34	2.142 times
31 Fri Jan 2025	62.75	67.30	68.64	55.67	0.531 times
31 Tue Dec 2024	67.30	69.45	82.21	66.00	0.636 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_BE)

Price action analysis of Shah Alloys ( (SHAHALLOYS_BE) ) 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_BE) ) 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_BE) ) 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Shah Alloys 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.

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 buy signal for Shah Alloys in short term but BUY signal is weak.

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

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 59.05 and Shah Alloys (SHAHALLOYS_BE) 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_BE) stock. Volume based technical analysis of Shah Alloys (SHAHALLOYS_BE) 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.