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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 2025-01-21 View latest technical analysis

10 day averaged volume of Shyam Metalics is 454188

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue Jan 2025	818.15	812.00	830.45	800.50	0.876 times
20 Mon Jan 2025	804.60	771.00	814.00	766.60	1.429 times
17 Fri Jan 2025	771.00	765.00	774.70	760.00	0.198 times
16 Thu Jan 2025	765.70	750.00	768.90	750.00	0.248 times
15 Wed Jan 2025	745.70	744.95	752.80	737.00	0.612 times
14 Tue Jan 2025	750.15	775.95	775.95	734.00	1.354 times
13 Mon Jan 2025	765.60	779.70	782.60	750.10	1.004 times
10 Fri Jan 2025	784.40	787.00	812.40	628.25	2.617 times
09 Thu Jan 2025	785.30	780.45	791.85	771.50	0.473 times
08 Wed Jan 2025	783.65	779.05	792.00	771.35	1.145 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 817.7, for a target of 787.9 or 763.1

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
Downside Target	812.40
Upside Target	830.45
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	779.68
Downside Intraday Target	741.22
Upside Intraday Target	843.53
Upside Intraday Target	868.92
Downside Intraday Target	805.07

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue Jan 2025	818.15	771.00	830.45	766.60	0.675 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
21 Tue Jan 2025	818.15	726.80	830.45	628.25	2.514 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 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 green color and prices are above the green 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 but buying is losing 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 780.57 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.