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Stock analysis Shah Alloys Limited SHAHALLOYS

More indepth analysis on MunafaSutra.com

Moving Averages for Shah Alloys Limited

  • 5Day Average: 66.42
  • 12Day Average: 79.2
  • 20Day Average: 79.94
  • 50Day Average: 75.07
  • 100Day Average: 68.06
  • 150Day Average: 68.42
  • 200Day Average: 64.42

SHAHALLOYS Indicators & signals

Indicator MACD (12,26,9)

75.22, 77.1, 0.72
Indicator MACD is in negative zone

Indicator ADX (14)

4.23, 26.99, 24.8
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 49
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SHAHALLOYS Shah Alloys Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
10 Mon Feb 2025 69.19 67.80 to 71.62 -3.97% 0.05 times
07 Fri Feb 2025 72.05 62.59 to 75.19 13.57% 0.42 times
06 Thu Feb 2025 63.44 63.00 to 65.60 -1.7% 0.01 times
05 Wed Feb 2025 64.54 62.60 to 66.00 2.61% 0.02 times
04 Tue Feb 2025 62.90 61.77 to 67.81 -2.89% 0.04 times
03 Mon Feb 2025 64.77 64.35 to 69.06 -39.9% 0.03 times
26 Thu Sep 2024 107.77 97.22 to 112.70 4.89% 1.19 times
25 Wed Sep 2024 102.75 99.21 to 112.99 3.57% 3.61 times
24 Tue Sep 2024 99.21 85.00 to 99.21 19.99% 4.44 times
23 Mon Sep 2024 82.68 80.53 to 83.09 0.73% 0.08 times
20 Fri Sep 2024 82.08 80.00 to 83.25 3.94% 0.16 times
19 Thu Sep 2024 78.97 77.15 to 83.00 -3.23% 0.06 times

Technical analysis forecast for Shah Alloys Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Shah Alloys Limited SHAHALLOYS at this time. Stock is falling and might fall more.

It appears as if Shah Alloys Limited SHAHALLOYS gave a large move recently.

Stock of Shah Alloys Limited (SHAHALLOYS) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Shah Alloys Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 64.9 as stoploss in an intra day buy trade for a target of 76.98. However, stock will show a bearish move below 64.9.

More indepth analysis on MunafaSutra.com