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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 2024-12-09 View latest technical analysis

10 day averaged volume of Shyam Metalics is 165225

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Dec 2024	848.30	852.80	854.45	835.50	1.235 times
06 Fri Dec 2024	852.80	848.60	856.95	847.10	0.788 times
05 Thu Dec 2024	845.10	848.30	859.85	840.00	1.391 times
04 Wed Dec 2024	842.80	825.00	845.00	822.05	0.887 times
03 Tue Dec 2024	829.90	825.00	836.80	816.00	1.042 times
02 Mon Dec 2024	818.00	839.70	842.50	815.45	0.912 times
29 Fri Nov 2024	834.60	836.20	841.00	830.55	0.543 times
28 Thu Nov 2024	836.20	844.95	849.70	831.20	0.604 times
27 Wed Nov 2024	844.70	840.00	846.00	838.20	1.101 times
26 Tue Nov 2024	838.10	821.75	840.80	811.00	1.284 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 841.6, but if it comes below 841.6, then a intra day sell could be more profitable.
If you take a sell trade below 841.6, then use 841.6 as stoploss and 824.4 as target. However if you take a buy trade in stock , then use 841.6 as stoploss and 862.2 as target.

Share price targets for Shyam Metalics (SHYAMMETL)

Target Type	Value
Downside Target	673.05
Downside Target	775.00
Downside Target	811.00
Downside Target	844.50
Upside Target	849.70
Upside Target	854.45
Upside Target	859.85
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	837.72
Downside Intraday Target	827.13
Upside Intraday Target	856.67
Upside Intraday Target	865.03
Downside Intraday Target	846.08

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Dec 2024	848.30	852.80	854.45	835.50	0.246 times
06 Fri Dec 2024	852.80	839.70	859.85	815.45	1.008 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

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
09 Mon Dec 2024	848.30	839.70	859.85	815.45	0.172 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 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 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 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 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 tired and bears are picking up momentum.

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 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 839.68 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 positive

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