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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 2025-01-08 View latest technical analysis

10 day averaged volume of Shyam Metalics is 731649

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed Jan 2025	783.65	779.05	792.00	771.35	0.711 times
07 Tue Jan 2025	781.05	757.55	786.00	757.55	0.571 times
06 Mon Jan 2025	762.05	784.00	784.00	749.25	0.611 times
03 Fri Jan 2025	776.85	740.00	802.00	740.00	6.254 times
02 Thu Jan 2025	742.50	745.90	748.00	732.00	0.693 times
01 Wed Jan 2025	745.90	726.80	750.50	718.55	0.297 times
31 Tue Dec 2024	729.40	715.10	750.00	703.00	0.944 times
30 Mon Dec 2024	717.25	737.00	742.40	711.10	0.184 times
27 Fri Dec 2024	746.35	735.00	748.90	732.05	0.116 times
26 Thu Dec 2024	736.50	749.80	753.00	734.30	0.171 times

My analysis of stock is bullish for shortterm, and stock might move up till 815.6 or till 862.1. Use a stoploss of 776.8 and if this stock hits its stoploss, then it can fall down till 738.01

Share price targets for Shyam Metalics (SHYAMMETL)

Target Type	Value
Downside Target	703.00
Downside Target	718.55
Downside Target	749.25
Upside Target	802.00
Upside Target	820.00
Upside Target	839.90
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	757.93
Downside Intraday Target	732.22
Upside Intraday Target	800.68
Upside Intraday Target	817.72
Downside Intraday Target	774.97

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed Jan 2025	783.65	784.00	792.00	749.25	0.226 times
03 Fri Jan 2025	776.85	737.00	802.00	703.00	9.573 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

Price has moved up 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
08 Wed Jan 2025	783.65	726.80	802.00	718.55	1.573 times
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

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 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 BUY. 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.

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 stronger in this stock.

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

CCI has generated a buy signal for Shyam Metalics in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up 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 767.28 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 negative.

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