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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 2024-12-02 View latest technical analysis

10 day averaged volume of Shyam Metalics is 222574

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Dec 2024	818.00	839.70	842.50	815.45	0.677 times
29 Fri Nov 2024	834.60	836.20	841.00	830.55	0.403 times
28 Thu Nov 2024	836.20	844.95	849.70	831.20	0.448 times
27 Wed Nov 2024	844.70	840.00	846.00	838.20	0.817 times
26 Tue Nov 2024	838.10	821.75	840.80	811.00	0.953 times
25 Mon Nov 2024	821.75	817.10	834.65	816.35	1.075 times
22 Fri Nov 2024	813.05	800.05	815.95	794.95	0.773 times
21 Thu Nov 2024	801.95	819.90	828.00	798.15	1.531 times
19 Tue Nov 2024	821.80	805.05	827.45	805.05	1.132 times
18 Mon Nov 2024	804.05	809.00	829.00	799.15	1.245 times

My analysis of stock is bearish for shortterm, and stock might move down till 805 or till 777.2. Use a stoploss of 828.08 and if the stock hits stoploss, then it can shoot up till 851.2

Share price targets for Shyam Metalics (SHYAMMETL)

Target Type	Value
Downside Target	673.05
Downside Target	775.00
Upside Target	829.00
Upside Target	842.50
Upside Target	844.50
Upside Target	849.70
Upside Target	889.30
Upside Target	945.00
Upside Target	956.90

Intraday share price targets for Shyam Metalics (SHYAMMETL)

Target Type	Value
Downside Intraday Target	808.13
Downside Intraday Target	798.27
Upside Intraday Target	835.18
Upside Intraday Target	852.37
Upside Intraday Target	825.32

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Dec 2024	818.00	839.70	842.50	815.45	0.183 times
29 Fri Nov 2024	834.60	817.10	849.70	811.00	0.79 times
22 Fri Nov 2024	813.05	809.00	829.00	794.95	0.638 times
14 Thu Nov 2024	812.80	814.85	827.75	778.65	0.682 times
08 Fri Nov 2024	814.80	839.80	889.30	805.00	2.122 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
02 Mon Dec 2024	818.00	839.70	842.50	815.45	0.025 times
29 Fri Nov 2024	834.60	851.75	889.30	778.65	0.669 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

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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Shyam Metalics ( (SHYAMMETL) ) based on a mid to longer 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.

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 BUY signal for Shyam Metalics in short term but the buy 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 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 but SELL 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

Stock of Shyam Metalics is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 820.03 and Shyam Metalics (SHYAMMETL) stock is trading below this level. This means that stock is falling with high volumes. 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.