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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 2024-04-09 View latest technical analysis

10 day averaged volume of Shyam Metalics is 613205

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	619.20	619.75	631.90	615.00	0.535 times
08 Mon Apr 2024	618.30	625.05	633.60	615.00	0.691 times
05 Fri Apr 2024	620.05	617.30	629.80	609.65	0.743 times
04 Thu Apr 2024	617.30	619.40	621.10	608.25	0.638 times
03 Wed Apr 2024	612.50	620.95	632.90	609.70	0.899 times
02 Tue Apr 2024	622.80	623.00	629.50	615.95	0.454 times
01 Mon Apr 2024	623.15	596.70	628.00	596.65	1 times
28 Thu Mar 2024	591.35	611.90	612.65	583.85	0.925 times
27 Wed Mar 2024	605.35	612.00	624.00	601.85	2.089 times
26 Tue Mar 2024	599.85	606.40	607.00	597.75	0.785 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 618.1, but if it comes below 618.1, then a intra day sell could be more profitable.
If you take a sell trade below 618.1, then use 618.1 as stoploss and 594.18 as target. However if you take a buy trade in stock , then use 618.1 as stoploss and 646.7 as target.

Share price targets for Shyam Metalics (SHYAMMETL)

Target Type	Value
Downside Target	461.95
Downside Target	511.20
Downside Target	560.20
Downside Target	583.85
Downside Target	596.65
Downside Target	609.00
Upside Target	633.60
Upside Target	633.70
Upside Target	642.15
Upside Target	692.70
Upside Target	720.45
Upside Target	737.80

Intraday share price targets for Shyam Metalics (SHYAMMETL)

Target Type	Value
Downside Intraday Target	611.6
Downside Intraday Target	604
Upside Intraday Target	630.2
Upside Intraday Target	641.2
Upside Intraday Target	622.6

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	619.20	625.05	633.60	615.00	0.328 times
05 Fri Apr 2024	620.05	596.70	632.90	596.65	0.983 times
28 Thu Mar 2024	591.35	606.40	624.00	583.85	0.439 times
22 Fri Mar 2024	599.30	560.20	609.00	560.20	0.78 times
15 Fri Mar 2024	563.45	640.20	642.15	511.20	2.411 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
09 Tue Apr 2024	619.20	596.70	633.60	596.65	0.151 times
28 Thu Mar 2024	591.35	656.00	692.70	511.20	1.453 times
29 Thu Feb 2024	649.90	705.90	720.45	622.00	0.308 times
31 Wed Jan 2024	704.80	636.00	737.80	620.20	1.174 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)

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 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 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 tired and bears are picking up momentum.

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 SELL signal for Shyam Metalics in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 611.04 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.