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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)

10 day averaged volume of Shyam Metalics is 333941

Date Daily Closing Price Open High Low Volume
25 Mon Nov 2024 821.75 817.10 834.65 816.35 0.717 times
22 Fri Nov 2024 813.05 800.05 815.95 794.95 0.515 times
21 Thu Nov 2024 801.95 819.90 828.00 798.15 1.021 times
19 Tue Nov 2024 821.80 805.05 827.45 805.05 0.755 times
18 Mon Nov 2024 804.05 809.00 829.00 799.15 0.83 times

My analysis of stock is bearish for shortterm, and stock might move down till 803.9 or till 775.4. Use a stoploss of 827.67 and if the stock hits stoploss, then it can shoot up till 851.45

Share price targets for Shyam Metalics (SHYAMMETL)

Target Type Value
Downside Target 646.70
Downside Target 673.05
Downside Target 745.30
Downside Target 775.00
Upside Target 829.00
Upside Target 834.65
Upside Target 844.50
Upside Target 873.90
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 813.85
Downside Intraday Target 805.95
Upside Intraday Target 832.15
Upside Intraday Target 842.55
Upside Intraday Target 824.25

Weekly technical analysis of Shyam Metalics (SHYAMMETL)

Date Weekly Closing Price Open High Low Volume
25 Mon Nov 2024 821.75 817.10 834.65 816.35 0.23 times
22 Fri Nov 2024 813.05 809.00 829.00 794.95 0.638 times
14 Thu Nov 2024 812.80 814.85 827.75 778.65 0.682 times
08 Fri Nov 2024 814.80 839.80 889.30 805.00 4.789 times
01 Fri Nov 2024 840.60 835.10 873.90 826.10 0.586 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
25 Mon Nov 2024 821.75 851.75 889.30 778.65 0.589 times
31 Thu Oct 2024 848.45 910.00 945.00 775.00 0.431 times
30 Mon Sep 2024 907.90 806.25 956.90 781.10 0.49 times
30 Fri Aug 2024 797.35 740.85 844.50 673.05 2.153 times

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)

Indicator Name Indicator Value Indicator Signal
ADX 21, 24, 7 Sell
MACD -20, -20Sell
Stochastics 36None
CCI 122Buy
RSI 45Sell
OBV -227500Sell
VWAP 809Buy
ADL 0Sell
ROC -4Sell
Force Index 0Sell

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 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 to mid 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 mid to longer term time period is

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls 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 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 positive zone. This is a BUY 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 808.58 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 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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