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Shah Alloys Share Price Target - Tomorrow, Next Week & Next Month
Shah Alloys Limited | |||
 | Symbol: SHAHALLOYS | ||
| Price: ₹70.31 | |||
| Exchange: NSE | |||
| Basic Materials -> Steel | |||
Show Table of Contents
Table of Contents
- 1: Shah Alloys Recent Performance
- 2: Chart: Shah Alloys Share Price Target - Tomorrow
- 3: Table: Shah Alloys Share Price Target - Tomorrow
- 4: Summary: Shah Alloys Share Price Prediction For Tomorrow
- 5: Chart: Shah Alloys Share Price Target - Next Week
- 6: Table: Shah Alloys Share Price Target - Next Week
- 7: Summary: Shah Alloys Share Price Prediction For Next Week
- 8: Chart: Shah Alloys Share Price Target - Next Month
- 9: Table: Shah Alloys Share Price Target - Next Month
- 10: Summary: Shah Alloys Share Price Prediction For Next Month
Shah Alloys Recent Performance
Over the past 18 trading days, the value of Shah Alloys's stock has decreased by ₹6.59 (-8.57%). On 17 Oct 2024, one share was worth ₹76.90 and by 21 Nov 2024, the value dropped to ₹70.31. During this period it created a highest high of ₹78.90 and lowest low of ₹65.00.
Below Image represents line chart of daily close price of Shah Alloys, helping you visualize how the price has changed day by day.
Chart: Shah Alloys Share Price Target - Tomorrow
The line chart displays the Shah Alloys daily closing prices for the past 18 trading days using a black line. The green line indicates the potential targets, while the red line shows the potential Stop-Loss (SL) levels.
For detailed target and stop loss values for Shah Alloys shares for Thu 21 Nov 2024, see the table below.
Table: Shah Alloys Share Price Target - Tomorrow
By analyzing Shah Alloys stock with yesterday and past crucial price points and technical indicators we derived following targets for: Fri, 22 Nov, 2024!
| Shah Alloys's Levels | Value | Reason/Importance |
|---|---|---|
| Tomorrow Target 3 | 71.80 (+2.11%) | Price Action: Sep 2007 High |
| Tomorrow Target 2 | 70.77 (+0.65%) | Fibonacci Extension Level 150% |
| Tomorrow Target 1 | 69.94 (-0.53%) | Fibonacci Extension Level 123.6% |
| Current Price | 70.31 | Shah Alloys's 1 share price as of Thu 21 Nov 2024 |
| Stop Loss 1 | 69.00 (-1.87%) | Price Action: Feb 2022 High |
| Stop Loss 2 | 68.76 (-2.21%) | Technical Indicator: MA200 |
| Stop Loss 3 | 68.30 (-2.86%) | Price Action: 23 Oct 2024 Low |
Summary: Shah Alloys Share Price Prediction For Tomorrow
Thu 21 Nov 2024: Shah Alloys finished the day at ₹70.31, gaining ₹1.11 (+1.60%) in 1 day.
In summary, our analysis of Shah Alloys for tomorrow predicts a rise of -0.53% to 2.11% with three potential targets T1: ₹69.94, T2: ₹70.77, T3: ₹71.80 and Stop-Loss (SL) at SL1: ₹69.00, SL2: ₹68.76, SL3: ₹68.30.
Additionally, we've identified a support level at ₹68.09 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹72.30, which is like a ceiling at which the price might have a hard time breaking through. These targets are based on our study of past trends and technical analysis using various indicators.
Over the last 18 trading days, the stock has dropped -8.57%, indicating it could be a good option for intra day trading as it has shown big price movements. During this period, its price fluctuated between 78.90 and 65.00.
After looking at tomorrow's share price prediction, let's now check what next week might hold for Shah Alloys.
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Chart: Shah Alloys Share Price Target - Next Week
The chart displays the Shah Alloys weekly closing prices for the past 25 trading weeks using a black line. It also shows three targets using a green line, while the red line shows the potential Stop-Loss (SL) levels for next week.
For detailed target and stop loss values for Shah Alloys shares for next week, see the table below.
Table: Shah Alloys Share Price Target - Next Week
By analyzing Shah Alloys stock with yesterday and past crucial price points and technical indicators we derived following targets for the next week!
| Shah Alloys's Levels | Value | Reason/Importance |
|---|---|---|
| Next Week Target 3 | 73.80 (+4.96%) | Price Action: Jul 2007 Low |
| Next Week Target 2 | 72.40 (+2.97%) | Price Action: Oct 2024 High |
| Next Week Target 1 | 71.55 (+1.76%) | Custom Fibonacci Extension Lvl 23.6% |
| Current Price | 70.31 | Shah Alloys's 1 share price as of Thu 21 Nov 2024 |
| Stop Loss 1 | 68.50 (-2.58%) | Price Action: Mar 2024 High |
| Stop Loss 2 | 67.81 (-3.56%) | Fibonacci Retracement Level 71.8% |
| Stop Loss 3 | 67.00 (-4.71%) | Price Action: Oct 2022 High |
Summary: Shah Alloys Share Price Prediction For Next Week
As of Thu 21 Nov 2024, Shah Alloys share price stands at ₹70.31, gaining ₹3.94 (+5.94%) in this week.
In summary, our analysis of Shah Alloys for next week predicts a rise of 1.76% to 4.96% with three potential targets T1: ₹71.55, T2: ₹72.40, T3: ₹73.80 and Stop-Loss (SL) at SL1: ₹68.50, SL2: ₹67.81, SL3: ₹67.00.
Additionally, we've identified a support level at ₹63.75 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹72.30, which is like a ceiling at which the price might have a hard time breaking through.
After looking at tomorrow's and next week's share price prediction, let's now check what next month might hold for Shah Alloys.
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Chart: Shah Alloys Share Price Target - Next Month
The chart displays the Shah Alloys monthly closing prices for the past 25 months using a black line. It also shows three targets using green line, while the red line shows the potential Stop-Loss (SL) levels.
For detailed target and stop loss values for Shah Alloys shares for next month, see the table below.
Table: Shah Alloys Share Price Target - Next Month
By analyzing Shah Alloys stock with yesterday and past crucial price points and technical indicators we derived following targets for Next Month!
| Shah Alloys's Levels | Value | Reason/Importance |
|---|---|---|
| Next Month Target 3 | 73.80 (+4.96%) | Price Action: Jul 2007 Low |
| Next Month Target 2 | 72.80 (+3.54%) | Price Action: Dec 2023 High |
| Next Month Target 1 | 72.00 (+2.4%) | Price Action: 04 Nov 2024 Low |
| Current Price | 70.31 | Shah Alloys's 1 share price as of Thu 21 Nov 2024 |
| Stop Loss 1 | 68.50 (-2.58%) | Price Action: Mar 2024 High |
| Stop Loss 2 | 67.48 (-4.03%) | Price Action: 13 Nov 2024 Low |
| Stop Loss 3 | 66.15 (-5.92%) | Price Action: Apr 2024 Low |
Summary: Shah Alloys Share Price Prediction For Next Month
As of Thu 21 Nov 2024, Shah Alloys share price stands at ₹70.31, losing ₹-1.63 (-2.27%) in this month.
In summary, our analysis of Shah Alloys for next month predicts a rise of 2.4% to 4.96% with three potential targets T1: ₹72.00, T2: ₹72.80, T3: ₹73.80 and Stop-Loss (SL) at SL1: ₹68.50, SL2: ₹67.48, SL3: ₹66.15.
Additionally, we've identified a support level at 68.09 — think of this as a safety net where the price might stop falling and there's also a resistance level at 78.90, which is like a ceiling at which the price might have a hard time breaking through.
After looking at tomorrow's, next week's and next month's share price prediction, you might wonder what this year or next year might hold for Shah Alloys, we created a specific page for that check here: Shah Alloys Share Price target for 2024 and 2025
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As we wrap up, we hope you like our study on Shah Alloys short term share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
Show Methodology We Use
Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyze historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.
