SHAHALLOYS technical summary

At ₹69, Shah Alloys Limited is trading 19.3% below its 50-day average of ₹85.48 and 3.8% below its 200-day average of ₹71.76. The 14-day RSI is 34.9, in the neutral range between 30 and 70. MACD is -4.35 against a signal line of -4.39, so the MACD line sits above its signal line. ADX(14) reads 37.7, 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 25% of the way up it. Classic daily pivot levels from the 3 Nov 2026 session: pivot ₹69.47, resistance ₹70.38 and ₹70.22, support ₹69.63 and ₹68.72.