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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 2025-01-20 View latest technical analysis

10 day averaged volume of Shyam Metalics is 433980

Date	Daily Closing Price	Open	High	Low	Volume
20 Mon Jan 2025	804.60	771.00	814.00	766.60	1.496 times
17 Fri Jan 2025	771.00	765.00	774.70	760.00	0.207 times
16 Thu Jan 2025	765.70	750.00	768.90	750.00	0.259 times
15 Wed Jan 2025	745.70	744.95	752.80	737.00	0.64 times
14 Tue Jan 2025	750.15	775.95	775.95	734.00	1.417 times
13 Mon Jan 2025	765.60	779.70	782.60	750.10	1.051 times
10 Fri Jan 2025	784.40	787.00	812.40	628.25	2.739 times
09 Thu Jan 2025	785.30	780.45	791.85	771.50	0.495 times
08 Wed Jan 2025	783.65	779.05	792.00	771.35	1.198 times
07 Tue Jan 2025	781.05	757.55	786.00	757.55	0.963 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 807.1, for a target of 781 or 759.27

Share price targets for Shyam Metalics (SHYAMMETL)

Target Type	Value
Downside Target	628.25
Downside Target	703.00
Downside Target	732.05
Downside Target	766.60
Downside Target	802.00
Upside Target	812.40
Upside Target	814.00
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	776.13
Downside Intraday Target	747.67
Upside Intraday Target	823.53
Upside Intraday Target	842.47
Downside Intraday Target	795.07

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Mon Jan 2025	804.60	771.00	814.00	766.60	0.419 times
17 Fri Jan 2025	771.00	779.70	782.60	734.00	0.556 times
10 Fri Jan 2025	784.40	784.00	812.40	628.25	0.455 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

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
20 Mon Jan 2025	804.60	726.80	814.00	628.25	2.42 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 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 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 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 777.32 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.