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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 2024-04-03 View latest technical analysis

10 day averaged volume of Shyam Metalics is 852277

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	612.50	620.95	632.90	609.70	0.646 times
02 Tue Apr 2024	622.80	623.00	629.50	615.95	0.327 times
01 Mon Apr 2024	623.15	596.70	628.00	596.65	0.72 times
28 Thu Mar 2024	591.35	611.90	612.65	583.85	0.665 times
27 Wed Mar 2024	605.35	612.00	624.00	601.85	1.503 times
26 Tue Mar 2024	599.85	606.40	607.00	597.75	0.565 times
22 Fri Mar 2024	599.30	594.40	609.00	580.70	1.279 times
21 Thu Mar 2024	589.25	571.35	600.00	571.35	1.494 times
20 Wed Mar 2024	572.35	572.20	582.10	564.10	1.1 times
19 Tue Mar 2024	574.00	579.00	583.30	566.55	0.612 times

My analysis of stock is bullish for shortterm, and stock might move up till 631.6 or till 669.7. Use a stoploss of 599.83 and if this stock hits its stoploss, then it can fall down till 568.06

Share price targets for Shyam Metalics (SHYAMMETL)

Target Type	Value
Downside Target	461.95
Downside Target	511.20
Downside Target	560.20
Downside Target	583.85
Downside Target	596.65
Downside Target	609.00
Upside Target	632.90
Upside Target	633.70
Upside Target	642.15
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	595.13
Downside Intraday Target	577.77
Upside Intraday Target	631.38
Upside Intraday Target	650.27
Upside Intraday Target	614.02

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	612.50	596.70	632.90	596.65	0.619 times
28 Thu Mar 2024	591.35	606.40	624.00	583.85	0.439 times
22 Fri Mar 2024	599.30	560.20	609.00	560.20	0.78 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

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
03 Wed Apr 2024	612.50	596.70	632.90	596.65	0.072 times
28 Thu Mar 2024	591.35	656.00	692.70	511.20	1.453 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

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 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 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 Weak and stock is gaining momentum.

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

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 coming down

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

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 596.76 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.