Skip to content
Smart Money

Sugar & Allied Industries

SHJS Shahtaj Sugar Mills Limited

Latest results: FY2025 · Sep 2025 Q3 FY2026 · Apr – Jun 2026

Last close · 16 Oct 2026

Rs 159.99 -0.63%

Technical analysis · updated after the close, 16 Oct 2026

Shahtaj Sugar Mills Limited (SHJS) technical analysis

SHJS closed at Rs 159.99 on 16 Oct 2026 (-0.63%). The daily picture is strongly bullish: the price is above 4 of its 6 simple moving averages, MACD is above its signal line and RSI at 61.1 is firm but not overbought. The weekly trend is bullish, and the monthly chart is bullish. Nearest support is the daily S1 at 159.66, resistance the pivot at 162.34.

Daily

Strongly bullish

Weekly

Bullish

Monthly

Bullish

Details for Daily Weekly Monthly

Oscillators

Bullish

4 bullish · 6 neutral · 0 bearish

Indicator Value Reading
RSI (14) 61.07 Neutral
Stochastic %K (14, 3, 3) 65.40 Neutral
Stochastic RSI (14, 3, 3) 0.00 Bullish
CCI (20) 74.40 Neutral
ADX (14) 26.58 Bullish
Williams %R (14) -41.69 Neutral
MACD (12, 26, 9) 4.87 Bullish
Momentum (10) 20.00 Bullish
Ultimate Oscillator (7, 14, 28) 55.53 Neutral
Bull Bear Power (13) 8.75 Neutral

Moving averages

Strongly bullish

10 bullish · 0 neutral · 2 bearish

Period Simple Exponential
MA 10 157.50 158.17
MA 20 148.69 153.03
MA 30 145.36 151.62
MA 50 150.28 152.65
MA 100 161.09 156.66
MA 200 165.87 157.64

Support & resistance

Daily pivots
  • R3 167.68
  • R2 166.35
  • R1 163.67
  • Pivot 162.34
  • S1 159.66
  • S2 158.33
  • S3 155.65
  • Close 159.99

Pivot points

Level Classic Fibonacci Camarilla
R3 167.68 166.35 162.10
R2 166.35 164.81 161.74
R1 163.67 163.87 161.37
Pivot 162.34 162.34 162.34
S1 159.66 160.80 160.63
S2 158.33 159.86 160.26
S3 155.65 158.33 159.90

Range & volatility

52-week range

123.56234.94

ATR (14)
7.204.5% of price
Bollinger Bands (20, 2)
125.24 – 172.13
From the 52-week high
-31.9%
Bars analysed
2,762

Oscillators

Neutral

2 bullish · 6 neutral · 2 bearish

Indicator Value Reading
RSI (14) 50.15 Neutral
Stochastic %K (14, 3, 3) 28.45 Neutral
Stochastic RSI (14, 3, 3) 78.38 Neutral
CCI (20) 11.99 Neutral
ADX (14) 20.02 Bullish
Williams %R (14) -67.31 Neutral
MACD (12, 26, 9) -4.52 Bearish
Momentum (10) -27.09 Bearish
Ultimate Oscillator (7, 14, 28) 55.25 Neutral
Bull Bear Power (13) 22.12 Bullish

Moving averages

Bullish

8 bullish · 0 neutral · 4 bearish

Period Simple Exponential
MA 10 149.64 154.07
MA 20 162.17 158.09
MA 30 162.05 160.05
MA 50 167.69 159.22
MA 100 148.79 146.82
MA 200 109.91 124.73

Support & resistance

Weekly pivots
  • R3 212.24
  • R2 192.12
  • R1 179.25
  • Pivot 159.13
  • S1 146.26
  • S2 126.14
  • S3 113.27
  • Close 159.99

Pivot points

Level Classic Fibonacci Camarilla
R3 212.24 192.12 175.45
R2 192.12 179.52 172.43
R1 179.25 171.73 169.40
Pivot 159.13 159.13 159.13
S1 146.26 146.53 163.36
S2 126.14 138.74 160.33
S3 113.27 126.14 157.31

Range & volatility

52-week range

123.56234.94

ATR (14)
23.6914.8% of price
Bollinger Bands (20, 2)
129.65 – 194.69
From the 52-week high
-31.9%
Bars analysed
963

Oscillators

Neutral

2 bullish · 7 neutral · 1 bearish

Indicator Value Reading
RSI (14) 54.58 Neutral
Stochastic %K (14, 3, 3) 27.03 Neutral
Stochastic RSI (14, 3, 3) 100.00 Neutral
CCI (20) 5.91 Neutral
ADX (14) 49.27 Bullish
Williams %R (14) -65.26 Neutral
MACD (12, 26, 9) 15.04 Bearish
Momentum (10) -17.07 Bullish
Ultimate Oscillator (7, 14, 28) 47.32 Neutral
Bull Bear Power (13) -2.86 Neutral

Moving averages

Strongly bullish

10 bullish · 0 neutral · 2 bearish

Period Simple Exponential
MA 10 164.26 160.28
MA 20 155.79 151.15
MA 30 137.48 139.69
MA 50 107.30 122.78
MA 100 86.69 104.64
MA 200 91.90 87.71

Support & resistance

Monthly pivots
  • R3 175.34
  • R2 161.67
  • R1 152.34
  • Pivot 138.67
  • S1 129.34
  • S2 115.67
  • S3 106.34
  • Close 159.99

Pivot points

Level Classic Fibonacci Camarilla
R3 175.34 161.67 149.32
R2 161.67 152.89 147.22
R1 152.34 147.46 145.11
Pivot 138.67 138.67 138.67
S1 129.34 129.89 140.89
S2 115.67 124.46 138.78
S3 106.34 115.67 136.68

Range & volatility

52-week range

123.56234.94

ATR (14)
42.4926.6% of price
Bollinger Bands (20, 2)
110.57 – 201.01
From the 52-week high
-31.9%
Bars analysed
294

How these readings work

Computed after each close from SHJS's daily prices; weekly and monthly bars are built from them, and days without trading are left out. Each oscillator and moving average gives a bullish, neutral or bearish reading, and the summary weighs them: strongly bullish when clearly more readings are bullish, strongly bearish when clearly more are bearish. Pivot levels come from the previous completed bar. Readings describe the chart; they are not a recommendation. For information purposes only, not investment advice.

Pattern signals for SHJS → SHJS overview and price history →