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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 2024-08-06 View latest technical analysis

10 day averaged volume of Shyam Metalics is 992035

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	696.65	698.35	711.00	690.00	0.894 times
05 Mon Aug 2024	696.45	700.00	719.70	673.05	1.347 times
02 Fri Aug 2024	726.90	730.00	738.40	720.00	0.504 times
01 Thu Aug 2024	739.75	740.85	769.95	730.70	2.177 times
31 Wed Jul 2024	740.15	728.50	744.10	707.60	2.288 times
30 Tue Jul 2024	716.85	710.00	735.00	705.15	1.433 times
29 Mon Jul 2024	709.95	692.00	712.90	686.95	0.691 times
26 Fri Jul 2024	691.00	683.80	699.90	683.00	0.581 times
25 Thu Jul 2024	684.75	690.05	691.00	677.65	0.193 times
24 Wed Jul 2024	691.85	682.75	695.00	681.15	0.274 times

My analysis of stock is bearish for shortterm, and stock might move down till 676.9 or till 653. Use a stoploss of 696.84 and if the stock hits stoploss, then it can shoot up till 716.75

Share price targets for Shyam Metalics (SHYAMMETL)

Target Type	Value
Downside Target	524.20
Downside Target	561.40
Downside Target	587.30
Downside Target	646.70
Downside Target	686.95
Upside Target	699.25
Upside Target	699.90
Upside Target	719.70
Upside Target	725.00
Upside Target	745.30
Upside Target	769.95

Intraday share price targets for Shyam Metalics (SHYAMMETL)

Target Type	Value
Downside Intraday Target	673.23
Downside Intraday Target	649.82
Upside Intraday Target	719.88
Upside Intraday Target	743.12
Downside Intraday Target	696.47

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	696.65	700.00	719.70	673.05	0.316 times
02 Fri Aug 2024	726.90	692.00	769.95	686.95	3.198 times
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

Price has moved down 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
06 Tue Aug 2024	696.65	740.85	769.95	673.05	0.242 times
31 Wed Jul 2024	740.15	670.00	745.30	646.70	1.855 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

Scroll below to view daily charts

Price has moved down 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below 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 SELL signal in short term and selling is picking up 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 719.73 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 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.