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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 2024-03-11 View latest technical analysis

10 day averaged volume of Shyam Metalics is 819189

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Mar 2024	596.85	640.20	642.15	590.25	1.773 times
07 Thu Mar 2024	640.20	632.05	646.00	630.50	0.524 times
06 Wed Mar 2024	629.50	650.10	653.40	622.55	1.127 times
05 Tue Mar 2024	654.35	660.00	667.05	647.80	1.144 times
04 Mon Mar 2024	663.85	687.00	688.50	662.00	0.644 times
02 Sat Mar 2024	688.50	674.00	692.70	670.00	0.438 times
01 Fri Mar 2024	671.50	656.00	682.90	634.30	3.05 times
29 Thu Feb 2024	649.90	624.50	658.60	622.00	1.665 times
28 Wed Feb 2024	627.30	650.60	653.30	624.00	0.504 times
27 Tue Feb 2024	648.50	653.15	662.95	646.65	0.415 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 610.7, for a target of 634.4 or 654.22

Share price targets for Shyam Metalics (SHYAMMETL)

Target Type	Value
Downside Target	424.90
Downside Target	461.95
Downside Target	483.90
Downside Target	590.25
Upside Target	620.20
Upside Target	678.95
Upside Target	688.50
Upside Target	692.70
Upside Target	702.85
Upside Target	720.45
Upside Target	737.80

Intraday share price targets for Shyam Metalics (SHYAMMETL)

Target Type	Value
Downside Intraday Target	577.35
Downside Intraday Target	557.85
Upside Intraday Target	629.25
Upside Intraday Target	661.65
Upside Intraday Target	609.75

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Mar 2024	596.85	640.20	642.15	590.25	0.516 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
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

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
11 Mon Mar 2024	596.85	656.00	692.70	590.25	0.515 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 getting stronger in this stock.

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 and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 646.6 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.