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 2024-07-18 View latest technical analysis

10 day averaged volume of Shyam Metalics is 846370

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Jul 2024	682.05	697.60	698.00	671.95	0.418 times
16 Tue Jul 2024	694.25	691.00	699.25	686.05	0.232 times
15 Mon Jul 2024	690.85	675.00	698.00	668.45	0.503 times
12 Fri Jul 2024	679.80	692.00	697.35	674.35	0.369 times
11 Thu Jul 2024	690.50	679.95	699.90	679.20	0.786 times
10 Wed Jul 2024	679.20	701.85	707.80	664.80	0.933 times
09 Tue Jul 2024	701.85	712.95	721.00	700.90	0.945 times
08 Mon Jul 2024	712.50	725.00	725.00	708.10	0.728 times
05 Fri Jul 2024	720.30	721.85	745.30	714.05	1.889 times
04 Thu Jul 2024	721.85	732.95	732.95	717.00	1.338 times

My analysis of stock is bearish for shortterm, and stock might move down till 665.5 or till 637.8. Use a stoploss of 688.66 and if the stock hits stoploss, then it can shoot up till 711.8

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
Upside Target	689.00
Upside 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	667.25
Downside Intraday Target	652.45
Upside Intraday Target	698.05
Upside Intraday Target	714.05
Upside Intraday Target	683.25

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Jul 2024	682.05	675.00	699.25	668.45	0.306 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
18 Thu Jul 2024	682.05	670.00	745.30	664.80	1.215 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 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 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 Strong and stock is gaining momentum.

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

Shyam Metalics Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green 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 BUY signal in short term and the buying is gaining 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 703.77 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 positive

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