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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 2024-10-18 View latest technical analysis

10 day averaged volume of Shyam Metalics is 366612

Date	Daily Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	899.80	908.90	914.60	881.80	1.805 times
17 Thu Oct 2024	922.75	930.00	939.00	909.55	0.813 times
16 Wed Oct 2024	925.55	912.05	931.75	907.35	0.681 times
15 Tue Oct 2024	916.75	907.10	921.95	904.00	0.582 times
14 Mon Oct 2024	910.15	913.95	919.90	903.60	0.488 times
11 Fri Oct 2024	910.90	923.30	927.70	908.00	0.597 times
10 Thu Oct 2024	929.10	934.10	945.00	920.00	0.643 times
09 Wed Oct 2024	930.75	908.00	941.00	899.35	1.637 times
08 Tue Oct 2024	896.65	894.95	914.35	877.30	0.977 times
07 Mon Oct 2024	899.50	909.55	916.65	861.50	2.536 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 903, but if it comes above 903, then a intra day buy could be more profitable.
If you take a sell trade below 903, then use 903 as stoploss and 887.7 as target. However if you take a buy trade in stock , then use 903 as stoploss and 915.72 as target.

Share price targets for Shyam Metalics (SHYAMMETL)

Target Type	Value
Downside Target	524.20
Downside Target	646.70
Downside Target	673.05
Downside Target	689.00
Downside Target	745.30
Downside Target	781.10
Downside Target	844.50
Upside Target	927.00
Upside Target	932.75
Upside Target	939.00
Upside Target	945.00
Upside Target	956.90

Intraday share price targets for Shyam Metalics (SHYAMMETL)

Target Type	Value
Downside Intraday Target	874.73
Downside Intraday Target	849.67
Upside Intraday Target	931.93
Upside Intraday Target	964.07
Upside Intraday Target	906.87

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	899.80	913.95	939.00	881.80	0.684 times
11 Fri Oct 2024	910.90	909.55	945.00	861.50	1.099 times
04 Fri Oct 2024	908.55	900.00	927.00	876.15	0.732 times
27 Fri Sep 2024	900.30	927.90	956.90	891.20	0.431 times
20 Fri Sep 2024	920.15	875.50	932.75	850.05	1.135 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
18 Fri Oct 2024	899.80	910.00	945.00	861.50	0.247 times
30 Mon Sep 2024	907.90	806.25	956.90	781.10	0.49 times
30 Fri Aug 2024	797.35	740.85	844.50	673.05	2.153 times
31 Wed Jul 2024	740.15	670.00	745.30	646.70	1.855 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 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 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 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 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. Bulls are getting tired and bears 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 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 911.27 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.