Stock analysis Shalby Limited SHALBY
Recent prices of SHALBY Shalby Limited are as follows: Daily volume is divided by 10 day averaged volume
Technical analysis forecast of Shalby Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Shalby Limited SHALBY at this time. Stock is rising and might rise more.
It appears as if Shalby Limited SHALBY gave a large move recently.
Stock of Shalby Limited (SHALBY) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.
My analysis of Shalby Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Shalby Limited stays above 312.4, but if it comes below 312.4, then a intra day sell could be more profitable.
If you take a sell trade below 312.4, then use 312.4 as stoploss and 301.24 as target. However if you take a buy trade in Shalby Limited, then use 312.4 as stoploss and 325.8 as target.