(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 593546
Date | Daily Closing Price | Open | High | Low | Volume |
18 Thu Apr 2024 | 602.15 | 600.95 | 618.00 | 599.45 | 0.737 times |
16 Tue Apr 2024 | 597.10 | 593.30 | 606.90 | 592.00 | 0.406 times |
15 Mon Apr 2024 | 599.35 | 611.00 | 611.45 | 590.05 | 0.709 times |
12 Fri Apr 2024 | 618.05 | 630.00 | 630.55 | 615.95 | 0.791 times |
10 Wed Apr 2024 | 630.10 | 640.00 | 658.90 | 625.00 | 4.004 times |
09 Tue Apr 2024 | 619.20 | 619.75 | 631.90 | 615.00 | 0.553 times |
08 Mon Apr 2024 | 618.30 | 625.05 | 633.60 | 615.00 | 0.714 times |
05 Fri Apr 2024 | 620.05 | 617.30 | 629.80 | 609.65 | 0.768 times |
04 Thu Apr 2024 | 617.30 | 619.40 | 621.10 | 608.25 | 0.659 times |
03 Wed Apr 2024 | 612.50 | 620.95 | 632.90 | 609.70 | 0.928 times |
My analysis of stock is bearish for shortterm, and stock might move down till 587.9 or till 567.9. Use a stoploss of 604.54 and if the stock hits stoploss, then it can shoot up till 621.18
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 |
Upside Target | 609.00 |
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 | 588.8 |
Downside Intraday Target | 575.45 |
Upside Intraday Target | 616.75 |
Upside Intraday Target | 631.35 |
Upside Intraday Target | 603.4 |
Weekly technical analysis of Shyam Metalics (SHYAMMETL)
Date | Weekly Closing Price | Open | High | Low | Volume |
18 Thu Apr 2024 | 602.15 | 611.00 | 618.00 | 590.05 | 0.306 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 |
22 Fri Mar 2024 | 599.30 | 560.20 | 609.00 | 560.20 | 0.78 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 |
18 Thu Apr 2024 | 602.15 | 596.70 | 658.90 | 590.05 | 0.348 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 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 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 neutral. A longer time frame might give a better analysis.
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 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 green color and prices are in or below 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 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 619.17 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.
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 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 neutral. A longer time frame might give a better analysis.
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 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 green color and prices are in or below 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 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 619.17 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.
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Daily charts
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