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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)

Showing technical analysis as on 2022-05-09 View latest technical analysis

10 day averaged volume of Shyam Metalics is 235271

Date Daily Closing Price Open High Low Volume
09 Mon May 2022 309.60 310.00 315.80 300.00 0.71 times
06 Fri May 2022 311.20 309.95 313.90 305.65 0.672 times
05 Thu May 2022 317.00 318.30 323.50 315.05 0.512 times
04 Wed May 2022 316.80 319.85 329.35 316.00 1.211 times
02 Mon May 2022 317.65 324.00 324.35 315.05 0.786 times
29 Fri Apr 2022 326.80 336.25 336.75 322.00 0.671 times
28 Thu Apr 2022 333.55 337.05 339.30 332.35 0.512 times
27 Wed Apr 2022 334.90 334.50 337.50 333.00 0.713 times
26 Tue Apr 2022 338.65 349.90 350.20 332.55 1.796 times
25 Mon Apr 2022 340.20 345.00 350.80 335.50 2.212 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 322.2, but if it comes above 322.2, then a intra day buy could be more profitable.
If you take a sell trade below 322.2, then use 322.2 as stoploss and 299.2 as target. However if you take a buy trade in stock , then use 322.2 as stoploss and 341.48 as target.

Share price targets for Shyam Metalics (SHYAMMETL)

Target Type Value
Downside Target 289.15
Downside Target 300.00
Upside Target 315.80
Upside Target 329.35
Upside Target 346.90
Upside Target 352.30
Upside Target 357.50
Upside Target 357.80
Upside Target 363.30
Upside Target 372.85
Upside Target 377.50
Upside Target 385.50

Intraday share price targets for Shyam Metalics (SHYAMMETL)

Target Type Value
Downside Intraday Target 301.13
Downside Intraday Target 292.67
Upside Intraday Target 316.93
Upside Intraday Target 324.27
Downside Intraday Target 308.47

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date Weekly Closing Price Open High Low Volume
09 Mon May 2022 309.60 310.00 315.80 300.00 0.223 times
06 Fri May 2022 311.20 324.00 329.35 305.65 0.539 times
29 Fri Apr 2022 326.80 345.00 350.80 322.00 1.404 times
22 Fri Apr 2022 349.55 360.00 363.30 346.90 0.964 times
13 Wed Apr 2022 361.45 370.00 372.85 352.30 0.66 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
09 Mon May 2022 309.60 324.00 329.35 300.00 0.178 times
29 Fri Apr 2022 326.80 364.30 377.50 322.00 0.471 times
31 Thu Mar 2022 362.35 303.60 385.50 300.25 1.937 times
28 Mon Feb 2022 305.60 332.50 357.80 289.15 0.894 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)

Indicator Name Indicator Value Indicator Signal
ADX 8, 33, 61 Sell
MACD -15, -9Sell
Stochastics 11Sell
CCI -111Sell
RSI 49Sell
OBV -1873656Sell
VWAP 328Sell
ADL 0Sell
ROC -11Sell
Force Index 0Sell

Price action analysis of Shyam Metalics ( (SHYAMMETL) ) based on a short 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 short 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 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Shyam Metalics in short term and the sell signal is strong.

Shyam Metalics Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a SELL signal for Shyam Metalics in short term and SELL signal is strong!

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 328.14 and Shyam Metalics (SHYAMMETL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.

Click here for Shyam Metalics charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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