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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 2024-04-05 View latest technical analysis

10 day averaged volume of Shyam Metalics is 746395

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	620.05	617.30	629.80	609.65	0.611 times
04 Thu Apr 2024	617.30	619.40	621.10	608.25	0.524 times
03 Wed Apr 2024	612.50	620.95	632.90	609.70	0.738 times
02 Tue Apr 2024	622.80	623.00	629.50	615.95	0.373 times
01 Mon Apr 2024	623.15	596.70	628.00	596.65	0.822 times
28 Thu Mar 2024	591.35	611.90	612.65	583.85	0.76 times
27 Wed Mar 2024	605.35	612.00	624.00	601.85	1.716 times
26 Tue Mar 2024	599.85	606.40	607.00	597.75	0.645 times
22 Fri Mar 2024	599.30	594.40	609.00	580.70	1.46 times
21 Thu Mar 2024	589.25	571.35	600.00	571.35	1.706 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 621.8 as stoploss in an intra day sell trade for a target of 595.79. However, stock will show a bullish move above 621.8.

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	600.17
Downside Intraday Target	580.28
Upside Intraday Target	636.42
Upside Intraday Target	652.78
Downside Intraday Target	616.53

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	620.05	596.70	632.90	596.65	0.983 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
05 Fri Apr 2024	620.05	596.70	632.90	596.65	0.114 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 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 losing 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 tired and bears are picking up momentum.

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 SELL signal in short term and selling is picking up 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 604.41 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.