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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 2025-01-13 View latest technical analysis

10 day averaged volume of Shyam Metalics is 891375

Date	Daily Closing Price	Open	High	Low	Volume
13 Mon Jan 2025	765.60	779.70	782.60	750.10	0.512 times
10 Fri Jan 2025	784.40	787.00	812.40	628.25	1.333 times
09 Thu Jan 2025	785.30	780.45	791.85	771.50	0.241 times
08 Wed Jan 2025	783.65	779.05	792.00	771.35	0.583 times
07 Tue Jan 2025	781.05	757.55	786.00	757.55	0.469 times
06 Mon Jan 2025	762.05	784.00	784.00	749.25	0.502 times
03 Fri Jan 2025	776.85	740.00	802.00	740.00	5.134 times
02 Thu Jan 2025	742.50	745.90	748.00	732.00	0.569 times
01 Wed Jan 2025	745.90	726.80	750.50	718.55	0.244 times
31 Tue Dec 2024	729.40	715.10	750.00	703.00	0.775 times

My analysis of stock is bearish for shortterm, and stock might move down till 739.4 or till 706.1. Use a stoploss of 767.23 and if the stock hits stoploss, then it can shoot up till 795.01

Share price targets for Shyam Metalics (SHYAMMETL)

Target Type	Value
Downside Target	628.25
Downside Target	703.00
Downside Target	732.05
Downside Target	750.10
Upside Target	802.00
Upside Target	812.40
Upside Target	839.90
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	749.6
Downside Intraday Target	733.6
Upside Intraday Target	782.1
Upside Intraday Target	798.6
Upside Intraday Target	766.1

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Mon Jan 2025	765.60	779.70	782.60	750.10	0.164 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
27 Fri Dec 2024	746.35	769.00	777.00	732.05	0.77 times
20 Fri Dec 2024	768.45	831.90	839.90	761.95	0.738 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
13 Mon Jan 2025	765.60	726.80	812.40	628.25	2.01 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Shyam Metalics ( (SHYAMMETL) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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 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 coming down

CCI has generated a buy signal for Shyam Metalics in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up 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 771.16 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.