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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 2024-12-16 View latest technical analysis

10 day averaged volume of Shyam Metalics is 195546

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	823.45	831.90	839.90	821.00	0.688 times
13 Fri Dec 2024	834.35	830.00	838.35	820.00	0.845 times
12 Thu Dec 2024	837.20	851.95	851.95	835.00	0.439 times
11 Wed Dec 2024	855.00	870.00	874.00	846.85	1.177 times
10 Tue Dec 2024	868.40	852.00	872.00	846.70	2.253 times
09 Mon Dec 2024	848.30	852.80	854.45	835.50	1.044 times
06 Fri Dec 2024	852.80	848.60	856.95	847.10	0.666 times
05 Thu Dec 2024	845.10	848.30	859.85	840.00	1.175 times
04 Wed Dec 2024	842.80	825.00	845.00	822.05	0.749 times
03 Tue Dec 2024	829.90	825.00	836.80	816.00	0.88 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 816.9 as stoploss in an intra day buy trade for a target of 833.58. However, stock will show a bearish move below 816.9.

Share price targets for Shyam Metalics (SHYAMMETL)

Target Type	Value
Downside Target	673.05
Downside Target	775.00
Downside Target	811.00
Upside Target	844.50
Upside Target	849.70
Upside Target	859.85
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	816.33
Downside Intraday Target	809.22
Upside Intraday Target	835.23
Upside Intraday Target	847.02
Upside Intraday Target	828.12

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	823.45	831.90	839.90	821.00	0.119 times
13 Fri Dec 2024	834.35	852.80	874.00	820.00	1.358 times
06 Fri Dec 2024	852.80	839.70	859.85	815.45	1.008 times
29 Fri Nov 2024	834.60	817.10	849.70	811.00	0.79 times
22 Fri Nov 2024	813.05	809.00	829.00	794.95	0.638 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
16 Mon Dec 2024	823.45	839.70	874.00	815.45	0.349 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
30 Mon Sep 2024	907.90	806.25	956.90	781.10	0.49 times

Scroll below to view daily charts

Price has moved down 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 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.

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 coming down

CCI has generated a SELL signal for Shyam Metalics in short term and SELL signal is strong!

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 848.13 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 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.