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

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

Showing technical analysis as on 2024-07-16 View latest technical analysis

10 day averaged volume of Shoora is 8400

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	55.58	56.88	56.88	55.58	0.714 times
15 Mon Jul 2024	58.50	58.50	58.50	58.50	0.357 times
12 Fri Jul 2024	55.75	55.74	55.75	55.74	2.143 times
10 Wed Jul 2024	53.10	51.90	53.10	51.90	2.5 times
09 Tue Jul 2024	50.58	46.84	50.58	46.84	2.143 times
08 Mon Jul 2024	49.30	49.30	49.30	49.30	0.357 times
04 Thu Jul 2024	50.71	50.70	50.71	50.70	0.714 times
03 Wed Jul 2024	48.30	48.30	48.30	48.30	0.357 times
20 Thu Jun 2024	46.00	46.00	46.00	46.00	0.357 times
04 Tue Jun 2024	46.25	46.25	46.25	46.25	0.357 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 53.1, but if it comes below 53.1, then a intra day sell could be more profitable.
If you take a sell trade below 53.1, then use 53.1 as stoploss and 49.55 as target. However if you take a buy trade in stock , then use 53.1 as stoploss and 57.4 as target.

Share price targets for Shoora (Shoora)

Target Type	Value
Downside Target	38.67
Downside Target	40.04
Downside Target	44.95
Downside Target	46.84
Downside Target	49.80
Downside Target	50.00
Downside Target	50.71
Downside Target	55.58
Upside Target	55.75
Upside Target	58.50

Intraday share price targets for Shoora (Shoora)

Target Type	Value
Downside Intraday Target	54.61
Downside Intraday Target	53.63
Upside Intraday Target	57.53
Upside Intraday Target	59.47
Upside Intraday Target	56.55

Weekly technical analysis of Shoora (Shoora)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	55.58	58.50	58.50	55.58	0.15 times
12 Fri Jul 2024	55.75	49.30	55.75	46.84	6.667 times
04 Thu Jul 2024	50.71	48.30	50.71	48.30	0.75 times
20 Thu Jun 2024	46.00	45.80	48.00	45.80	0.364 times
31 Fri May 2024	47.50	47.00	50.00	47.00	2.2 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 Shoora (Shoora)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	55.58	48.30	58.50	46.84	6.5 times
20 Thu Jun 2024	46.00	45.80	48.00	45.80	0.235 times
31 Fri May 2024	47.50	44.95	50.00	44.95	1.545 times
18 Thu Apr 2024	47.31	40.04	49.80	40.04	0.524 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Shoora (Shoora)

Price action analysis of Shoora ( (Shoora) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Shoora ( (Shoora) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Shoora ( (Shoora) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Shoora ( (Shoora) ) 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 Shoora stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Shoora in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Shoora Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Shoora in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Shoora is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 52.52 and Shoora (Shoora) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Shoora (Shoora) stock. Volume based technical analysis of Shoora (Shoora) stock is negative.

Shoora Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.