Shalby Limited (SHALBY) is currently in a strong uptrend, closing today at ₹264.85 with a gain of about 6.64%. The stock has traded between ₹250.05 and ₹266.60, showing high momentum and robust volume, indicating strong buying interest.
Price action reveals that SHALBY is trading well above both its 50-day average (~₹214.55) and 200-day average (~₹205.60), confirming the bullish trend. The stock is nearing its 52-week high of ₹282.30, which represents a critical resistance level to watch. Immediate support levels are around ₹250, providing a cushion against potential short-term corrections.
Technical indicators suggest the stock is in an overbought zone, so while the momentum is positive, some consolidation or profit-taking may occur near resistance. Overall, the price action signals continued strength and bullish sentiment, with potential for further upside if the stock breaks above the 52-week high on strong volume.
Price action reveals that SHALBY is trading well above both its 50-day average (~₹214.55) and 200-day average (~₹205.60), confirming the bullish trend. The stock is nearing its 52-week high of ₹282.30, which represents a critical resistance level to watch. Immediate support levels are around ₹250, providing a cushion against potential short-term corrections.
Technical indicators suggest the stock is in an overbought zone, so while the momentum is positive, some consolidation or profit-taking may occur near resistance. Overall, the price action signals continued strength and bullish sentiment, with potential for further upside if the stock breaks above the 52-week high on strong volume.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.