SHYAMMETL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.6

Here’s a detailed technical analysis of Shyam Metalics and Energy Ltd. (SHYAMMETL)

📊 Trend Analysis

Current Trend: The stock is in a short-term consolidation phase, with price hovering just below the 50 DMA and above the 200 DMA.

Momentum: Weak. RSI at 44.8 and MACD at -4.85 suggest bearish undertones and fading momentum.

📈 Moving Averages

50 DMA: ₹922

200 DMA: ₹861

Current Price: ₹915

Interpretation: Price is below the 50 DMA but above the 200 DMA — indicating neutral to slightly bearish sentiment. A decisive move above ₹922 would be needed to confirm bullish reversal.

📉 MACD & RSI

MACD: Negative, indicating bearish momentum.

RSI: At 44.8, approaching oversold territory but not yet a reversal signal.

Conclusion: Momentum indicators suggest caution. No strong buy signal yet.

📊 Volume Trends

Current Volume: 81,779

1-Week Avg Volume: 1,08,186

Interpretation: Volume is below average, indicating low conviction. Watch for volume surge near breakout levels.

📉 Bollinger Bands

Price is likely near the lower band, which may act as short-term support. A bounce from this level could indicate a reversal, but confirmation is needed.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 861 200 DMA, strong base

Support 2 840 Previous swing low

Resistance 1 922 50 DMA, near-term ceiling

Resistance 2 960–1,001 52-week high zone

🎯 Entry & Exit Zones

Optimal Entry: ₹860–₹875 (on pullback with confirmation)

Exit Zone: ₹960–₹1,000 (partial profit booking near resistance)

🔍 Summary

Trend: Consolidating

Momentum: Weak

Bias: Cautious accumulation

Short-Term Strategy: Accumulate near ₹860–₹875 only if support holds. Avoid aggressive entries until price breaks above ₹922 with volume.

Let me know if you'd like a visual chart setup or swing trade plan based on this!

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