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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 2024-12-12 View latest technical analysis

10 day averaged volume of Shyam Metalics is 189377

Date	Daily Closing Price	Open	High	Low	Volume
12 Thu Dec 2024	837.20	851.95	851.95	835.00	0.454 times
11 Wed Dec 2024	855.00	870.00	874.00	846.85	1.216 times
10 Tue Dec 2024	868.40	852.00	872.00	846.70	2.327 times
09 Mon Dec 2024	848.30	852.80	854.45	835.50	1.078 times
06 Fri Dec 2024	852.80	848.60	856.95	847.10	0.688 times
05 Thu Dec 2024	845.10	848.30	859.85	840.00	1.214 times
04 Wed Dec 2024	842.80	825.00	845.00	822.05	0.774 times
03 Tue Dec 2024	829.90	825.00	836.80	816.00	0.909 times
02 Mon Dec 2024	818.00	839.70	842.50	815.45	0.796 times
29 Fri Nov 2024	834.60	836.20	841.00	830.55	0.473 times

My analysis of stock is bullish for shortterm, and stock might move up till 850.1 or till 872.8. Use a stoploss of 831.14 and if this stock hits its stoploss, then it can fall down till 812.2

Share price targets for Shyam Metalics (SHYAMMETL)

Target Type	Value
Downside Target	673.05
Downside Target	775.00
Downside Target	811.00
Upside Target	844.50
Upside Target	849.70
Upside Target	859.85
Upside Target	874.00
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	823.47
Downside Intraday Target	809.73
Upside Intraday Target	862.47
Upside Intraday Target	887.73
Upside Intraday Target	848.73

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Thu Dec 2024	837.20	852.80	874.00	835.00	1.158 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
12 Thu Dec 2024	837.20	839.70	874.00	815.45	0.299 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 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 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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Shyam Metalics in short term and the buy 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. 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 and SELL signal is strong!

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 848.05 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 positive

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