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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 2024-07-26 View latest technical analysis

10 day averaged volume of Shyam Metalics is 397129

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Jul 2024	691.00	683.80	699.90	683.00	1.452 times
25 Thu Jul 2024	684.75	690.05	691.00	677.65	0.481 times
24 Wed Jul 2024	691.85	682.75	695.00	681.15	0.686 times
23 Tue Jul 2024	683.45	670.95	686.95	646.70	1.277 times
22 Mon Jul 2024	672.55	655.10	683.20	651.00	1.645 times
19 Fri Jul 2024	667.95	675.05	676.70	651.00	0.996 times
18 Thu Jul 2024	682.05	697.60	698.00	671.95	0.89 times
16 Tue Jul 2024	694.25	691.00	699.25	686.05	0.494 times
15 Mon Jul 2024	690.85	675.00	698.00	668.45	1.071 times
12 Fri Jul 2024	679.80	692.00	697.35	674.35	0.786 times

My analysis of stock is bearish for shortterm, and stock might move down till 676.3 or till 654.8. Use a stoploss of 694.32 and if the stock hits stoploss, then it can shoot up till 712.3

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	646.70
Downside Target	689.00
Upside Target	692.70
Upside Target	699.25
Upside Target	699.90
Upside Target	725.00
Upside Target	745.30

Intraday share price targets for Shyam Metalics (SHYAMMETL)

Target Type	Value
Downside Intraday Target	658.5
Downside Intraday Target	626
Upside Intraday Target	711.7
Upside Intraday Target	732.4
Downside Intraday Target	679.2

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Jul 2024	691.00	655.10	699.90	646.70	1.605 times
19 Fri Jul 2024	667.95	675.00	699.25	651.00	0.431 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Shyam Metalics (SHYAMMETL)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Fri Jul 2024	691.00	670.00	745.30	646.70	1.453 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 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 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 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 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.

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 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 and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 682.75 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 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 is giving positive 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.