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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)

10 day averaged volume of Shyam Metalics is 240193

Date Daily Closing Price Open High Low Volume
18 Wed May 2022 343.45 331.40 346.70 324.70 2.35 times
17 Tue May 2022 329.05 305.00 329.05 303.00 3.206 times
16 Mon May 2022 299.15 303.75 305.70 295.00 0.47 times
13 Fri May 2022 301.05 301.25 307.00 300.00 0.561 times
12 Thu May 2022 299.90 291.10 302.65 291.10 0.828 times
11 Wed May 2022 302.00 307.25 307.45 297.55 1.186 times
10 Tue May 2022 305.30 309.65 313.00 303.00 0.707 times
09 Mon May 2022 309.60 310.00 315.80 300.00 0.695 times
06 Fri May 2022 311.20 309.95 313.90 305.65 0.659 times
05 Thu May 2022 317.00 318.30 323.50 315.05 0.501 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 bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 341.7, but if it comes below 341.7, then a intra day sell could be more profitable.
If you take a sell trade below 341.7, then use 341.7 as stoploss and 323.92 as target. However if you take a buy trade in stock , then use 341.7 as stoploss and 363 as target.

Share price targets for Shyam Metalics (SHYAMMETL)

Target Type Value
Downside Target 289.15
Downside Target 315.80
Downside Target 329.35
Upside Target 346.70
Upside Target 346.90
Upside Target 350.80
Upside Target 357.50
Upside Target 357.80
Upside Target 363.30
Upside Target 377.50
Upside Target 385.50

Intraday share price targets for Shyam Metalics (SHYAMMETL)

Target Type Value
Downside Intraday Target 310.07
Downside Intraday Target 276.68
Upside Intraday Target 361.77
Upside Intraday Target 380.08
Downside Intraday Target 328.38

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date Weekly Closing Price Open High Low Volume
18 Wed May 2022 343.45 303.75 346.70 295.00 1.515 times
13 Fri May 2022 301.05 310.00 315.80 291.10 1.277 times
06 Fri May 2022 311.20 324.00 329.35 305.65 0.539 times
29 Fri Apr 2022 326.80 345.00 350.80 322.00 1.404 times
22 Fri Apr 2022 349.55 360.00 363.30 346.90 0.964 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Shyam Metalics (SHYAMMETL)

Date Monthly Closing Price Open High Low Volume
18 Wed May 2022 343.45 324.00 346.70 291.10 0.611 times
29 Fri Apr 2022 326.80 364.30 377.50 322.00 0.471 times
31 Thu Mar 2022 362.35 303.60 385.50 300.25 1.937 times
28 Mon Feb 2022 305.60 332.50 357.80 289.15 0.894 times

Scroll below to view daily charts

Price has moved up 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)

Indicator Name Indicator Value Indicator Signal
ADX 34, 22, 21 Buy
MACD -13, -16Buy
Stochastics 71Buy
CCI 203Buy
RSI 65Buy
OBV -1388681Sell
VWAP 320Buy
ADL 0Sell
ROC 8Buy
Force Index 0Sell

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 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Shyam Metalics stock for short term is BUY. Signal strength is Strong 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 BUY signal in short term and the buying is gaining 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 320.07 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.

Click here for Shyam Metalics charts

Click here for further forecast and predictions for tomorrow

Daily charts

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