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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 2024-03-04 View latest technical analysis

10 day averaged volume of Shyam Metalics is 756106

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	663.85	687.00	688.50	662.00	0.698 times
02 Sat Mar 2024	688.50	674.00	692.70	670.00	0.475 times
01 Fri Mar 2024	671.50	656.00	682.90	634.30	3.305 times
29 Thu Feb 2024	649.90	624.50	658.60	622.00	1.804 times
28 Wed Feb 2024	627.30	650.60	653.30	624.00	0.546 times
27 Tue Feb 2024	648.50	653.15	662.95	646.65	0.45 times
26 Mon Feb 2024	656.55	665.15	671.90	653.60	0.529 times
23 Fri Feb 2024	664.60	649.45	670.55	643.55	0.894 times
22 Thu Feb 2024	647.05	651.05	651.70	630.15	0.712 times
21 Wed Feb 2024	643.55	663.00	674.00	640.70	0.877 times

My analysis of stock is bearish for shortterm, and stock might move down till 648.2 or till 629. Use a stoploss of 664.15 and if the stock hits stoploss, then it can shoot up till 680.11

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
Upside Target	678.95
Upside Target	688.50
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	654.4
Downside Intraday Target	644.95
Upside Intraday Target	680.9
Upside Intraday Target	697.95
Upside Intraday Target	671.45

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	663.85	687.00	688.50	662.00	0.098 times
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

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
04 Mon Mar 2024	663.85	656.00	692.70	634.30	0.245 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 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 neutral. A longer time frame might give a better analysis.

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 losing momentum.

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

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 coming down

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

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 659.18 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.