SHYAMMETL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | SHYAMMETL | Market Cap | 24,389 Cr. | Current Price | 874 ₹ | High / Low | 1,001 ₹ |
| Stock P/E | 48.7 | Book Value | 222 ₹ | Dividend Yield | 0.52 % | ROCE | 12.0 % |
| ROE | 8.48 % | Face Value | 10.0 ₹ | DMA 50 | 831 ₹ | DMA 200 | 843 ₹ |
| Chg in FII Hold | -0.12 % | Chg in DII Hold | 0.30 % | PAT Qtr | 98.4 Cr. | PAT Prev Qtr | 136 Cr. |
| RSI | 59.6 | MACD | 15.7 | Volume | 7,01,751 | Avg Vol 1Wk | 12,49,279 |
| Low price | 746 ₹ | High price | 1,001 ₹ | PEG Ratio | -3.25 | Debt to equity | 0.05 |
| 52w Index | 50.2 % | Qtr Profit Var | -17.2 % | EPS | 18.0 ₹ | Industry PE | 22.1 |
📊 Chart & Indicators: SHYAMMETL is trading at ₹874, above both 50 DMA (₹831) and 200 DMA (₹843), confirming short-term bullish momentum. RSI at 59.6 indicates healthy momentum, while MACD at 15.7 shows positive strength. Price is consolidating between support (~₹860–₹870) and resistance (~₹900–₹920). Volume (7.0L) is below weekly average (12.4L), suggesting reduced participation despite positive signals.
🎯 Entry/Exit Zones:
- Buy Zone: ₹860–₹875 (near support)
- Stop-Loss: ₹845
- Exit Levels: ₹900–₹920 (short-term resistance), ₹980–₹1,000 (major resistance near 52-week high)
📈 Trend Status: Uptrend with consolidation; price above moving averages, RSI supportive, and MACD positive. Momentum remains bullish, though volume weakness could limit upside.
✅ Positive
- Price above both 50 DMA and 200 DMA, confirming uptrend
- Low debt-to-equity ratio (0.05)
- DII holdings increased (+0.30%)
- 52-week index gain of 50.2%
⚠️ Limitation
- Quarterly PAT declined (₹136 Cr → ₹98.4 Cr, -17.2%)
- ROE (8.48%) and ROCE (12.0%) remain modest
- PEG ratio -3.25 indicates poor growth-adjusted valuation
- Volume below weekly average, showing weak participation
📉 Company Negative News
- Profit decline impacting sentiment
- FII holdings reduced (-0.12%)
- Valuation stretched with P/E at 48.7 vs Industry PE 22.1
📊 Company Positive News
- Strong technical momentum supported by RSI and MACD
- Dividend yield at 0.52% provides investor support
- Price consolidation near support zone
🏦 Industry
- Industry PE at 22.1, much lower than SHYAMMETL’s valuation
- Steel and metals sector demand remains strong
- Global commodity cycles influencing margins
📝 Conclusion
SHYAMMETL is in a short-term uptrend with price above moving averages and positive RSI/MACD, offering swing trade opportunities. However, declining profits, stretched valuations, and weak volume participation limit upside. Best suited for cautious trades with entry near ₹860–₹875 and exit around ₹900–₹920; long-term investors should wait for earnings stability before fresh accumulation.
Would you like me to also generate a medium-term swing trade rating (1–5) for SHYAMMETL, so you can compare its short-term technical setup with its broader trading potential?