SHYAMMETL - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Intraday Trade Analysis for SHYAMMETL (Shyam Metalics and Energy Ltd.)

🔍 Trade Rating

Rating: 4.2

This reflects strong intraday potential driven by bullish momentum, technical breakout, and favorable price action near 52-week highs.

📈 Technical Snapshot

Current Price: ₹992 (very close to 52W high of ₹1,000)

RSI (75.0): Overbought — signals strong momentum but risk of pullback

MACD (28.1): Bullish — confirms upward trend

Volume: Below weekly average — suggests caution despite price strength

DMA 50 / 200: Price well above both — confirms bullish structure

52W Index (97.9%): Near peak — breakout zone

🛒 Optimal Buy Price (Intraday)

Buy Zone: ₹985–₹995

Entry near ₹985 offers a low-risk setup if price holds above ₹980

Watch for bullish continuation candles and volume spike above ₹995

🎯 Exit Levels

Strategy Target Price Stop Loss

Conservative Profit ₹1,005 ₹975

Aggressive Profit ₹1,015–₹1,025 ₹970

Trailing Stop Strategy: If price crosses ₹1,005 with volume, trail stop-loss upward by ₹10 increments

🕒 If Already Holding Today

Exit Signal: If price fails to hold ₹980 or RSI drops below 70

Momentum Watch

Exit near ₹1,005 if MACD flattens or volume fades

Hold only if price breaks ₹1,010 with RSI > 77 and volume surge

⚠️ Risk Factors

RSI Overbought: May trigger short-term profit booking

Volume Lag: Intraday interest not matching price strength

PEG Ratio (-1.56): Valuation concerns despite earnings growth

FII Holding Drop (-0.54%): Slight institutional caution

Would you like a breakout scan for similar metal stocks or a swing trade setup for SHYAMMETL?

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