Shah Alloys Technical Analysis

Shah Alloys Ltd Technical Analysis

Shah Alloys Ltd technical analysis is gaining attention among traders and investors tracking Shah Alloys Ltd Technical Analysis trends in the Indian stock market. Shah Alloys Ltd (NSE: SHAHALLOYS, BSE: 513436) is currently trading at ₹70.98, showing a 2.38% move as of Thu, May 28, 2026.

This detailed Shah Alloys Ltd technical analysis covers support & resistance levels, moving averages, indicators, and overall market sentiment to help investors make informed decisions.

Shah Alloys Ltd Stock Overview

Shah Alloys Ltd operates in the Non-energy minerals sector under the Steel industry. With a market capitalization of ₹1.37B and a PE ratio of 3.35, Shah Alloys Ltd remains a key stock to watch in Shah Alloys Ltd Technical Analysis searches.

Key Metrics

• Market Cap: ₹1.37B
• PE Ratio: 3.35
• Dividend Yield: 0
• Sector: Non-energy minerals
• Industry: Steel

These fundamentals play an important role in Shah Alloys Ltd technical analysis and valuation tracking.

Shah Alloys Ltd Support and Resistance Levels

Classic Pivot Levels

In Shah Alloys Ltd technical analysis, pivot levels help identify potential reversal and breakout zones.

• Resistance 3: 108.74
• Resistance 2: 88.48
• Resistance 1: 79.02
• Pivot Point: 68.22
• Support 1: 58.76
• Support 2: 47.96
• Support 3: 27.70

Conditional Insight

Shah Alloys Ltd technical analysis suggests a bearish to neutral trend as the price is below the pivot point. Immediate support is seen near 58.76 and 47.96.

Fibonacci Levels Analysis

Fibonacci levels are widely used in Shah Alloys Ltd technical analysis to identify retracement zones.

• Fibonacci R3: 88.48
• Fibonacci R2: 80.74
• Fibonacci R1: 75.96
• Fibonacci Pivot: 68.22
• Fibonacci S1: 60.48
• Fibonacci S2: 55.70
• Fibonacci S3: 47.96

Shah Alloys Ltd technical analysis indicates consolidation between Fibonacci pivot and resistance zones.

Shah Alloys Ltd Moving Average Analysis

Moving averages are key indicators in Shah Alloys Ltd technical analysis for identifying trend direction.

• 10 EMA: 70.17
• 20 EMA: 69.71
• 30 EMA: 69.05
• 50 EMA: 68.00
• 100 EMA: 67.14
• 200 EMA: 66.46

Trend Logic

Shah Alloys Ltd technical analysis indicates bearish pressure, with price trading below key moving averages.

Long-term trend in Shah Alloys Ltd technical analysis remains positive above 200 EMA.

Shah Alloys Ltd Technical Indicators Overview

Momentum Indicators

• RSI: 55.82
• MACD: 0.78
• Signal: 0.90
• ADX: 37.97
• Momentum: 3.14

RSI Logic

Shah Alloys Ltd technical analysis shows RSI in neutral range, suggesting consolidation.

MACD Logic

Shah Alloys Ltd technical analysis indicates bearish momentum with MACD below signal line.

Shah Alloys Ltd Overall Recommendation

• Overall Recommendation Score: 0.56
• Moving Average Recommendation: 0.93
• Other Indicators Recommendation: 0.18

Overall Shah Alloys Ltd technical analysis sentiment remains neutral with mixed signals.

Shah Alloys Ltd Technical Analysis Conclusion

Shah Alloys Ltd technical analysis suggests that traders should closely monitor price action around ₹70.98 and key pivot level 68.22. Breakouts above resistance or breakdown below support will define the next trend in Shah Alloys Ltd technical analysis.

Investors searching for Shah Alloys Ltd Technical Analysis should track moving averages, RSI levels, and volume trends to identify potential entry and exit opportunities. As market conditions change, Shah Alloys Ltd technical analysis will continue to play a crucial role in short-term trading and long-term investment strategies.