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(SHYAMMETL) Shyam Metalics complete technical analysis [charts+indicators] | Buy/Sell Shyam Metalics | (SHYAMMETL) share price targets

Complete technical analysis of Shyam Metalics (SHYAMMETL) by charts plus indicators, forecast predictions and share price targets for Shyam Metalics (SHYAMMETL)

10 day averaged volume of Shyam Metalics is 1125962

Date Daily Closing Price Open High Low Volume
28 Thu Mar 2024 591.35 611.90 612.65 583.85 0.503 times
27 Wed Mar 2024 605.35 612.00 624.00 601.85 1.138 times
26 Tue Mar 2024 599.85 606.40 607.00 597.75 0.427 times
22 Fri Mar 2024 599.30 594.40 609.00 580.70 0.968 times
21 Thu Mar 2024 589.25 571.35 600.00 571.35 1.131 times
20 Wed Mar 2024 572.35 572.20 582.10 564.10 0.833 times
19 Tue Mar 2024 574.00 579.00 583.30 566.55 0.463 times
18 Mon Mar 2024 579.35 560.20 583.15 560.20 1.314 times
15 Fri Mar 2024 563.45 544.75 570.00 542.05 0.943 times
14 Thu Mar 2024 547.35 541.00 566.00 530.95 1.038 times

My analysis of stock is bearish for shortterm, and stock might move down till 566.6 or till 517.6. Use a stoploss of 607.41 and if the stock hits stoploss, then it can shoot up till 648.22

Share price targets for Shyam Metalics (SHYAMMETL)

Target Type Value
Downside Target 424.90
Downside Target 461.95
Downside Target 483.90
Downside Target 511.20
Downside Target 560.20
Downside Target 583.85
Upside Target 609.00
Upside Target 642.15
Upside Target 688.50
Upside Target 692.70
Upside Target 720.45
Upside Target 737.80

Intraday share price targets for Shyam Metalics (SHYAMMETL)

Target Type Value
Downside Intraday Target 575.47
Downside Intraday Target 559.58
Upside Intraday Target 615.62
Upside Intraday Target 639.88
Upside Intraday Target 599.73

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date Weekly Closing Price Open High Low Volume
28 Thu Mar 2024 591.35 606.40 624.00 583.85 0.439 times
22 Fri Mar 2024 599.30 560.20 609.00 560.20 0.78 times
15 Fri Mar 2024 563.45 640.20 642.15 511.20 2.411 times
07 Thu Mar 2024 640.20 687.00 688.50 622.55 0.524 times
02 Sat Mar 2024 688.50 665.15 692.70 622.00 2.125 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Shyam Metalics (SHYAMMETL)

Date Monthly Closing Price Open High Low Volume
28 Thu Mar 2024 591.35 656.00 692.70 511.20 1.453 times
29 Thu Feb 2024 649.90 705.90 720.45 622.00 0.308 times
31 Wed Jan 2024 704.80 636.00 737.80 620.20 1.174 times
29 Fri Dec 2023 627.80 470.50 633.70 461.95 3.044 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Shyam Metalics (SHYAMMETL)

Price action analysis of Shyam Metalics ( (SHYAMMETL) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Shyam Metalics ( (SHYAMMETL) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Shyam Metalics ( (SHYAMMETL) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Shyam Metalics ( (SHYAMMETL) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Shyam Metalics stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Shyam Metalics in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Shyam Metalics Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Shyam Metalics in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Shyam Metalics is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 581.45 and Shyam Metalics (SHYAMMETL) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Shyam Metalics (SHYAMMETL) stock. Volume based technical analysis of Shyam Metalics (SHYAMMETL) stock is negative.

Shyam Metalics Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Price action analysis of Shyam Metalics ( (SHYAMMETL) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Shyam Metalics ( (SHYAMMETL) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Shyam Metalics ( (SHYAMMETL) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Shyam Metalics ( (SHYAMMETL) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Shyam Metalics stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Shyam Metalics in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Shyam Metalics Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Shyam Metalics in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Shyam Metalics is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 581.45 and Shyam Metalics (SHYAMMETL) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Shyam Metalics (SHYAMMETL) stock. Volume based technical analysis of Shyam Metalics (SHYAMMETL) stock is negative.

Shyam Metalics Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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Daily charts

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