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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 2024-11-13 View latest technical analysis

10 day averaged volume of Shyam Metalics is 372944

Date	Daily Closing Price	Open	High	Low	Volume
13 Wed Nov 2024	796.25	796.00	811.25	778.65	1.163 times
12 Tue Nov 2024	810.15	803.25	827.75	799.95	1.126 times
11 Mon Nov 2024	800.85	814.85	816.35	790.15	1.12 times
08 Fri Nov 2024	814.80	852.10	857.95	805.00	1.142 times
07 Thu Nov 2024	858.60	889.30	889.30	840.00	1.9 times
06 Wed Nov 2024	882.25	872.45	886.95	865.35	0.666 times
05 Tue Nov 2024	871.60	835.05	875.00	835.05	1.902 times
04 Mon Nov 2024	839.55	839.80	847.00	817.45	0.806 times
01 Fri Nov 2024	840.60	851.75	873.90	835.00	0.276 times
31 Thu Oct 2024	848.45	832.75	852.00	829.20	0.462 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 806.3, but if it comes above 806.3, then a intra day buy could be more profitable.
If you take a sell trade below 806.3, then use 806.3 as stoploss and 764.8 as target. However if you take a buy trade in stock , then use 806.3 as stoploss and 840.89 as target.

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
Upside Target	805.00
Upside Target	827.75
Upside Target	844.50
Upside Target	873.90
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	774.02
Downside Intraday Target	751.78
Upside Intraday Target	823.12
Upside Intraday Target	849.98
Upside Intraday Target	800.88

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Wed Nov 2024	796.25	814.85	827.75	778.65	0.531 times
08 Fri Nov 2024	814.80	839.80	889.30	805.00	2.122 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

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
13 Wed Nov 2024	796.25	851.75	889.30	778.65	0.42 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 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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Shyam Metalics stock for short term is SELL. Signal strength is Strong and stock is gaining 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term but selling 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 837.17 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.