SHAHALLOYS technical summary

At ₹71.36, Shah Alloys Ltd is trading 16.9% below its 50-day average of ₹85.83 and 0.5% below its 200-day average of ₹71.74. The 14-day RSI is 38.4, in the neutral range between 30 and 70. MACD is -4.63 against a signal line of -4.40, so the MACD line sits below its signal line. ADX(14) reads 38.3, a strong trend reading (25 or above); ADX measures trend strength, not direction. The 52-week range is ₹53.1 to ₹116.85, with the price 29% of the way up it. Classic daily pivot levels from the 30 Oct 2026 session: pivot ₹72.03, resistance ₹73.06 and ₹75.28, support ₹69.81 and ₹68.78.