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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 2024-03-18 View latest technical analysis

10 day averaged volume of Shyam Metalics is 996880

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	579.35	560.20	583.15	560.20	1.484 times
15 Fri Mar 2024	563.45	544.75	570.00	542.05	1.065 times
14 Thu Mar 2024	547.35	541.00	566.00	530.95	1.172 times
13 Wed Mar 2024	544.30	592.50	592.80	511.20	1.972 times
12 Tue Mar 2024	587.55	596.85	608.00	584.05	1.148 times
11 Mon Mar 2024	596.85	640.20	642.15	590.25	1.457 times
07 Thu Mar 2024	640.20	632.05	646.00	630.50	0.431 times
06 Wed Mar 2024	629.50	650.10	653.40	622.55	0.926 times
05 Tue Mar 2024	654.35	660.00	667.05	647.80	0.94 times
04 Mon Mar 2024	663.85	687.00	688.50	662.00	0.529 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 586.4, but if it comes above 586.4, then a intra day buy could be more profitable.
If you take a sell trade below 586.4, then use 586.4 as stoploss and 536 as target. However if you take a buy trade in stock , then use 586.4 as stoploss and 628.36 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	511.20
Downside Target	560.20
Upside Target	583.15
Upside Target	620.20
Upside Target	678.95
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	565.32
Downside Intraday Target	551.28
Upside Intraday Target	588.27
Upside Intraday Target	597.18
Downside Intraday Target	574.23

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	579.35	560.20	583.15	560.20	0.218 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
23 Fri Feb 2024	664.60	673.90	678.95	630.15	0.946 times

Price has moved up 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
18 Mon Mar 2024	579.35	656.00	692.70	511.20	1.008 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 losing 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 below the red cloud Prices appear to be moving up

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

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

MRSI is in positive zone. This is a BUY 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 588.27 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.