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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 2024-10-29 View latest technical analysis

10 day averaged volume of Shyam Metalics is 436735

Date Daily Closing Price Open High Low Volume
29 Tue Oct 2024 835.10 804.95 848.65 790.00 0.801 times
28 Mon Oct 2024 804.35 800.00 809.95 787.00 0.636 times
25 Fri Oct 2024 797.45 821.00 824.00 775.00 1.479 times
24 Thu Oct 2024 830.25 825.00 833.10 816.50 0.535 times
23 Wed Oct 2024 826.50 820.00 838.90 794.80 1.266 times
22 Tue Oct 2024 821.00 875.20 878.95 811.30 1.834 times
21 Mon Oct 2024 879.70 890.00 890.00 871.00 0.991 times
18 Fri Oct 2024 899.80 908.90 914.60 881.80 1.515 times
17 Thu Oct 2024 922.75 930.00 939.00 909.55 0.683 times
16 Wed Oct 2024 925.55 912.05 931.75 907.35 0.571 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 839, but if it comes above 839, then a intra day buy could be more profitable.
If you take a sell trade below 839, then use 839 as stoploss and 786.2 as target. However if you take a buy trade in stock , then use 839 as stoploss and 883.03 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 775.00
Upside Target 844.50
Upside Target 890.00
Upside Target 927.00
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 798.52
Downside Intraday Target 761.93
Upside Intraday Target 860.17
Upside Intraday Target 885.23
Downside Intraday Target 823.58

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date Weekly Closing Price Open High Low Volume
29 Tue Oct 2024 835.10 800.00 848.65 787.00 0.235 times
25 Fri Oct 2024 797.45 890.00 890.00 775.00 1.665 times
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

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
29 Tue Oct 2024 835.10 910.00 945.00 775.00 0.402 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 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 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 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 Strong and stock is losing momentum.

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

Shyam Metalics Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 but selling is losing 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 848.59 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 negative.

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

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 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 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 Strong and stock is losing momentum.

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

Shyam Metalics Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 but selling is losing 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 848.59 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 negative.

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

Click here for Shyam Metalics charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart
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