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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 2024-12-31 View latest technical analysis

10 day averaged volume of Shyam Metalics is 160514

Date	Daily Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	729.40	715.10	750.00	703.00	4.301 times
30 Mon Dec 2024	717.25	737.00	742.40	711.10	0.837 times
27 Fri Dec 2024	746.35	735.00	748.90	732.05	0.53 times
26 Thu Dec 2024	736.50	749.80	753.00	734.30	0.778 times
24 Tue Dec 2024	749.80	741.70	757.90	738.90	0.725 times
23 Mon Dec 2024	741.70	769.00	777.00	737.75	1.954 times
20 Fri Dec 2024	768.45	799.20	803.50	761.95	1.082 times
19 Thu Dec 2024	799.05	784.00	807.05	775.25	0.925 times
18 Wed Dec 2024	792.45	810.25	816.30	789.90	1.267 times
17 Tue Dec 2024	812.95	823.50	830.80	810.85	1.063 times

Stock of Shyam Metalics (SHYAMMETL) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 753.3, but if it comes above 753.3, then a intra day buy could be more profitable.
If you take a sell trade below 753.3, then use 753.3 as stoploss and 695.4 as target. However if you take a buy trade in stock , then use 753.3 as stoploss and 801.56 as target.

Share price targets for Shyam Metalics (SHYAMMETL)

Target Type	Value
Downside Target	673.05
Downside Target	703.00
Upside Target	732.05
Upside Target	750.00
Upside Target	815.45
Upside Target	839.90
Upside Target	844.50
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	704.93
Downside Intraday Target	680.47
Upside Intraday Target	751.93
Upside Intraday Target	774.47
Downside Intraday Target	727.47

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	729.40	737.00	750.00	703.00	1.289 times
27 Fri Dec 2024	746.35	769.00	777.00	732.05	0.77 times
20 Fri Dec 2024	768.45	831.90	839.90	761.95	0.738 times
13 Fri Dec 2024	834.35	852.80	874.00	820.00	1.358 times
06 Fri Dec 2024	852.80	839.70	859.85	815.45	1.008 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
31 Tue Dec 2024	729.40	839.70	874.00	703.00	0.709 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 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 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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Shyam Metalics in short term but BUY 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 753.06 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.