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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 2025-01-29 View latest technical analysis

10 day averaged volume of Shyam Metalics is 366149

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed Jan 2025	739.25	720.00	743.75	715.15	0.575 times
28 Tue Jan 2025	717.55	736.00	750.45	696.35	2.22 times
27 Mon Jan 2025	735.30	775.00	775.00	725.80	1.351 times
24 Fri Jan 2025	775.75	792.00	803.50	769.30	0.849 times
23 Thu Jan 2025	796.75	801.05	804.45	789.25	0.301 times
22 Wed Jan 2025	800.95	825.05	827.00	782.65	1.107 times
21 Tue Jan 2025	818.15	812.00	830.45	800.50	1.087 times
20 Mon Jan 2025	804.60	771.00	814.00	766.60	1.773 times
17 Fri Jan 2025	771.00	765.00	774.70	760.00	0.246 times
16 Thu Jan 2025	765.70	750.00	768.90	750.00	0.307 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 744.8, but if it comes above 744.8, then a intra day buy could be more profitable.
If you take a sell trade below 744.8, then use 744.8 as stoploss and 714.5 as target. However if you take a buy trade in stock , then use 744.8 as stoploss and 770.11 as target.

Share price targets for Shyam Metalics (SHYAMMETL)

Target Type	Value
Downside Target	628.25
Downside Target	696.35
Downside Target	734.00
Upside Target	766.60
Upside Target	802.00
Upside 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	698.73
Downside Intraday Target	658.22
Upside Intraday Target	777.38
Upside Intraday Target	815.52
Downside Intraday Target	736.87

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed Jan 2025	739.25	775.00	775.00	696.35	0.81 times
24 Fri Jan 2025	775.75	771.00	830.45	766.60	1.208 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

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
29 Wed Jan 2025	739.25	726.80	830.45	628.25	3.066 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 losing 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 getting stronger in this stock.

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 767.84 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 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.