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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 2024-10-30 View latest technical analysis

10 day averaged volume of Shyam Metalics is 450391

Date	Daily Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	837.70	835.10	846.80	826.10	0.498 times
29 Tue Oct 2024	835.10	804.95	848.65	790.00	0.777 times
28 Mon Oct 2024	804.35	800.00	809.95	787.00	0.617 times
25 Fri Oct 2024	797.45	821.00	824.00	775.00	1.435 times
24 Thu Oct 2024	830.25	825.00	833.10	816.50	0.519 times
23 Wed Oct 2024	826.50	820.00	838.90	794.80	1.228 times
22 Tue Oct 2024	821.00	875.20	878.95	811.30	1.779 times
21 Mon Oct 2024	879.70	890.00	890.00	871.00	0.961 times
18 Fri Oct 2024	899.80	908.90	914.60	881.80	1.469 times
17 Thu Oct 2024	922.75	930.00	939.00	909.55	0.662 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 834.9 as stoploss in an intra day buy trade for a target of 879.74. However, stock will show a bearish move below 834.9.

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	800.25
Downside Intraday Target	762.8
Upside Intraday Target	861.9
Upside Intraday Target	886.1
Downside Intraday Target	824.45

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	837.70	800.00	848.65	787.00	0.32 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
30 Wed Oct 2024	837.70	910.00	945.00	775.00	0.412 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 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 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 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 red color and prices are in or above 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 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 843.76 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.