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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 2024-11-07 View latest technical analysis

10 day averaged volume of Shyam Metalics is 326486

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	858.60	889.30	889.30	840.00	2.171 times
06 Wed Nov 2024	882.25	872.45	886.95	865.35	0.76 times
05 Tue Nov 2024	871.60	835.05	875.00	835.05	2.172 times
04 Mon Nov 2024	839.55	839.80	847.00	817.45	0.92 times
01 Fri Nov 2024	840.60	851.75	873.90	835.00	0.315 times
31 Thu Oct 2024	848.45	832.75	852.00	829.20	0.528 times
30 Wed Oct 2024	837.70	835.10	846.80	826.10	0.687 times
29 Tue Oct 2024	835.10	804.95	848.65	790.00	1.072 times
28 Mon Oct 2024	804.35	800.00	809.95	787.00	0.851 times
25 Fri Oct 2024	797.45	821.00	824.00	775.00	1.979 times

Stock of Shyam Metalics (SHYAMMETL) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, and stock might move down till 823.2 or till 775.5. Use a stoploss of 862.95 and if the stock hits stoploss, then it can shoot up till 902.68

Share price targets for Shyam Metalics (SHYAMMETL)

Target Type	Value
Downside Target	646.70
Downside Target	673.05
Downside Target	745.30
Downside Target	775.00
Downside Target	817.45
Downside Target	844.50
Upside Target	861.50
Upside Target	889.30
Upside Target	890.00
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	820.93
Downside Intraday Target	783.27
Upside Intraday Target	892.78
Upside Intraday Target	926.97
Downside Intraday Target	855.12

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	858.60	839.80	889.30	817.45	1.744 times
01 Fri Nov 2024	840.60	800.00	873.90	787.00	0.423 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

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
07 Thu Nov 2024	858.60	851.75	889.30	817.45	0.231 times
31 Thu Oct 2024	848.45	910.00	945.00	775.00	0.42 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

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 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 BUY signal for Shyam Metalics in short term but the buy 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 red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Shyam Metalics in short term but SELL signal is weak.

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 842.09 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 rising upwards.

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 negative.

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