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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 2024-04-22 View latest technical analysis

10 day averaged volume of Shyam Metalics is 580319

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	608.25	596.60	611.00	596.60	0.473 times
19 Fri Apr 2024	594.85	597.75	603.55	587.30	0.448 times
18 Thu Apr 2024	602.15	600.95	618.00	599.45	0.754 times
16 Tue Apr 2024	597.10	593.30	606.90	592.00	0.415 times
15 Mon Apr 2024	599.35	611.00	611.45	590.05	0.725 times
12 Fri Apr 2024	618.05	630.00	630.55	615.95	0.809 times
10 Wed Apr 2024	630.10	640.00	658.90	625.00	4.095 times
09 Tue Apr 2024	619.20	619.75	631.90	615.00	0.565 times
08 Mon Apr 2024	618.30	625.05	633.60	615.00	0.73 times
05 Fri Apr 2024	620.05	617.30	629.80	609.65	0.786 times

My analysis of stock is bullish for shortterm, and stock might move up till 621.1 or till 638. Use a stoploss of 607.03 and if this stock hits its stoploss, then it can fall down till 592.97

Share price targets for Shyam Metalics (SHYAMMETL)

Target Type	Value
Downside Target	461.95
Downside Target	511.20
Downside Target	583.85
Upside Target	611.00
Upside Target	624.00
Upside Target	632.90
Upside Target	633.70
Upside Target	658.90
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	599.57
Downside Intraday Target	590.88
Upside Intraday Target	613.97
Upside Intraday Target	619.68
Downside Intraday Target	605.28

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	608.25	596.60	611.00	596.60	0.202 times
19 Fri Apr 2024	594.85	611.00	618.00	587.30	0.378 times
12 Fri Apr 2024	618.05	625.05	658.90	615.00	1.571 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

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
22 Mon Apr 2024	608.25	596.70	658.90	587.30	0.374 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL signal for Shyam Metalics in short term and the sell signal is strong.

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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 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

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 618.3 and Shyam Metalics (SHYAMMETL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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.