SHAHALLOYS · Materials · 2026-08-21

Shah Alloys Ltd

7.4★★ GoodEven +0.1Stage 2 · wk 1In scan: Breakout WatchMARKET: BULL RISING · 2026-08-21
₹77.3
+0.01% today
₹153 Cr · Micro cap
About this companyMaterials· Iron & Steel
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Shah Alloys Limited engages in the manufacture and sale of flat and long stainless steel, alloy and special steel, carbon/mild steel, and armor steel products in India and internationally. The company also offers hot rolled coils, sheets, and plates; cold rolled coils and sheets; hot rolled round and flat bars; bright/peeled bars; angles; and beams. In addition, it provides chrome molybdenum, abrasion/wear resistant, quenched and tempered, high tensile, corrosion resistant, tool, pressure vessel, and other alloy steel products. The company also exports its products. Shah Alloys Limited was incorporated in 1990 and is based in Gandhinagar, India.

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P/E (TTM)
3.4
Forward —
vs 52W High
-4.2%
₹55 lo₹80.7 hi
4.2% below 52W high — pullback range
How far this stock is from its 52-week high. A pullback of 3–20% while Stage 2 structure holds is typically a better entry than chasing near the high.
Stage Maturity
Week 1
1w13w26w
Week 1 — fresh breakout, verify structure
How long this stock has been in Stage 2. The sweet spot is typically 13–26 weeks — enough time to prove the structure holds, not so long it's extended. Very fresh (wk 1–4) often needs more time to confirm.
vs 200 DMA
12.4%
200 DMA: ₹68.8 · rising
Long-term trend anchor. When stock and Nifty are both above their 200 DMA, the macro backdrop supports continuation.
Rel Volume
0.26x
vs 50-day avg
Low vol (0.5–1x) on pullbacks = resting, not being sold. High vol on breakouts = commitment. Volume spike on down days is a warning sign.
Trend Health
↑ ⇈
Accelerating · MA20 +4.0% vs MA50 +1.1% / 10d
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
Sector
Materials
↑ Building
Stage 2%
39.3%
20d Δ
+8.0pp
1M return
+2.7%
3M return
+1.4%
Sector Stage-2 % · last 20 days
This stock ranks #46 of 158 Stage 2 stocks in Materials by RS.
Industry
Iron & Steel
↓ Peaking
Stage 2%
39.4%
20d Δ
-2.0pp
1M return
+3.8%
3M return
+2.0%
Industry Stage-2 % · last 20 days
Ranks #16 of 28 Stage 2 stocks in this industry.
Price + Volume Chart
Loading price chart…
Stage Cycle Timeline2023-05-29 → 2026-08-21
S4 15w
S1 17w
S2 18w
2023-05-292026-08-21
S1S2S3S4Setup score (0–10, dashed line at 5)
S4 10w → S1 6w → S2 7w → S3 6w → S2 13w → S3 9w → S4 3w → S3 1w → S1 3w → S4 5w → S1 1w → S2 12w → S3 10w → S4 15w → S1 17w → S2 18w → S3 8w → S4 6w → S1 6w → S2 8w → S3 2w → S2 1w current
Total tracked: 166 weeks across 22 stage runs.
1M
+14.2%
3M
+6.2%
6M
+14.1%
YTD
+14.9%
1Y
+33.7%
Scan Membership
Breakout Watch
Latest: 2026-08-20
4 appearances in last 60 days. First seen: 2024-08-26.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-08-21S2
Wk 1 · Vol —x
2026-08-20S23→2
Wk 1 · Vol —x
2026-08-19S3
Wk 3 · Vol —x
2026-08-18S3
Wk 3 · Vol —x
2026-08-17S3
Wk 2 · Vol —x
2026-08-14S3
Wk 2 · Vol —x
2026-08-13S3
Wk 2 · Vol —x
2026-08-12S3
Wk 2 · Vol —x
2026-08-11S3
Wk 2 · Vol —x
2026-08-10S3
Wk 1 · Vol —x
2026-08-07S3
Wk 1 · Vol —x
2026-08-06S3
Wk 1 · Vol —x
Sector Peers — Stage 2All →
COMSYN
wk 10 · -1.2% from hi
9.6
GULFPETRO
wk 9 · -0.5% from hi
9.6
MMP
wk 11 · -1.1% from hi
9.4
SIGIND
wk 2 · -1.4% from hi
9.2
SBCL
wk 15 · -10.1% from hi
9.0
Moving averages & range
50 DMA
₹70.6
200 DMA
₹68.8
52W High
₹80.7
52W Low
₹55
5D Low
₹74.9
Resistance levels (recent highs)
20d High
₹80.7
60d High
₹80.7
120d High
₹80.7
250d High
₹80.7
Next resistance
+4.4%
to 20d High

All analytics based on EOD data. Data as of 2026-08-21. Past data patterns are not indicative of future results. This page is a data analytics tool only.