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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 2024-03-02 View latest technical analysis

10 day averaged volume of Shyam Metalics is 754502

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	688.50	674.00	692.70	670.00	0.476 times
01 Fri Mar 2024	671.50	656.00	682.90	634.30	3.312 times
29 Thu Feb 2024	649.90	624.50	658.60	622.00	1.808 times
28 Wed Feb 2024	627.30	650.60	653.30	624.00	0.548 times
27 Tue Feb 2024	648.50	653.15	662.95	646.65	0.451 times
26 Mon Feb 2024	656.55	665.15	671.90	653.60	0.53 times
23 Fri Feb 2024	664.60	649.45	670.55	643.55	0.896 times
22 Thu Feb 2024	647.05	651.05	651.70	630.15	0.713 times
21 Wed Feb 2024	643.55	663.00	674.00	640.70	0.879 times
20 Tue Feb 2024	662.95	671.00	672.00	659.70	0.409 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 683.3, but if it comes below 683.3, then a intra day sell could be more profitable.
If you take a sell trade below 683.3, then use 683.3 as stoploss and 665.82 as target. However if you take a buy trade in stock , then use 683.3 as stoploss and 704.4 as target.

Share price targets for Shyam Metalics (SHYAMMETL)

Target Type	Value
Downside Target	424.90
Downside Target	461.95
Downside Target	483.90
Downside Target	620.20
Downside Target	678.95
Upside Target	692.70
Upside Target	702.85
Upside Target	719.90
Upside Target	720.45
Upside Target	737.80

Intraday share price targets for Shyam Metalics (SHYAMMETL)

Target Type	Value
Downside Intraday Target	642.77
Downside Intraday Target	597.03
Upside Intraday Target	713.47
Upside Intraday Target	738.43
Downside Intraday Target	667.73

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	688.50	665.15	692.70	622.00	2.125 times
23 Fri Feb 2024	664.60	673.90	678.95	630.15	0.946 times
16 Fri Feb 2024	671.40	682.05	702.85	643.65	0.739 times
09 Fri Feb 2024	682.05	710.00	719.90	651.65	0.37 times
02 Fri Feb 2024	705.35	680.05	737.80	679.50	2.201 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Shyam Metalics (SHYAMMETL)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	688.50	656.00	692.70	634.30	0.207 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 up 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Shyam Metalics ( (SHYAMMETL) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Shyam Metalics ( (SHYAMMETL) ) based on a mid to longer 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.

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

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

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 stronger in this stock.

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

CCI has generated a buy signal for Shyam Metalics in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 659.01 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 positive

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