Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-07-16 View latest technical analysis

10 day averaged volume of Shyam Metalics is 971497

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	694.25	691.00	699.25	686.05	0.202 times
15 Mon Jul 2024	690.85	675.00	698.00	668.45	0.438 times
12 Fri Jul 2024	679.80	692.00	697.35	674.35	0.321 times
11 Thu Jul 2024	690.50	679.95	699.90	679.20	0.684 times
10 Wed Jul 2024	679.20	701.85	707.80	664.80	0.813 times
09 Tue Jul 2024	701.85	712.95	721.00	700.90	0.823 times
08 Mon Jul 2024	712.50	725.00	725.00	708.10	0.634 times
05 Fri Jul 2024	720.30	721.85	745.30	714.05	1.646 times
04 Thu Jul 2024	721.85	732.95	732.95	717.00	1.166 times
03 Wed Jul 2024	732.75	706.00	737.15	706.00	1.985 times

My analysis of stock is bullish for shortterm, and stock might move up till 711.9 or till 739.6. Use a stoploss of 688.75 and if this stock hits its stoploss, then it can fall down till 665.63

Share price targets for Shyam Metalics (SHYAMMETL)

Target Type	Value
Downside Target	511.20
Downside Target	524.20
Downside Target	561.40
Downside Target	587.30
Downside Target	633.60
Downside Target	651.55
Downside Target	689.00
Downside Target	692.70
Upside Target	699.25
Upside Target	725.00
Upside Target	745.30

Intraday share price targets for Shyam Metalics (SHYAMMETL)

Target Type	Value
Downside Intraday Target	675.38
Downside Intraday Target	656.52
Upside Intraday Target	706.18
Upside Intraday Target	718.12
Downside Intraday Target	687.32

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	694.25	675.00	699.25	668.45	0.195 times
12 Fri Jul 2024	679.80	725.00	725.00	664.80	0.351 times
05 Fri Jul 2024	720.30	670.00	745.30	665.70	3.936 times
28 Fri Jun 2024	669.40	657.95	676.00	633.60	0.657 times
21 Fri Jun 2024	658.95	653.25	689.00	651.55	1.5 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
16 Tue Jul 2024	694.25	670.00	745.30	664.80	1.182 times
28 Fri Jun 2024	669.40	635.00	689.00	524.20	0.826 times
31 Fri May 2024	609.75	629.00	668.30	561.40	1.164 times
30 Tue Apr 2024	629.05	596.70	661.00	587.30	0.564 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 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 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 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 SELL. 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 LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 BUY signal in short term but buying 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 711.28 and Shyam Metalics (SHYAMMETL) stock is trading below this level. This means that stock is falling with high volumes. 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 has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.