SHYAMMETL - Technical Analysis

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

Technical Rating: 4.2

Here’s a comprehensive technical analysis of Shyam Metalics and Energy Ltd. (SHYAMMETL) based on current indicators and price behavior

📊 Trend Overview

Current Trend: Strong Uptrend with Overbought Signals

Price is trading well above both 50-DMA (₹887) and 200-DMA (₹828) — confirms bullish momentum.

RSI at 75.0 — indicates overbought territory, caution advised.

MACD at 28.1 — strong positive momentum, bullish crossover confirmed.

Price is near 52-week high (₹1,000) — signals strength but also potential resistance.

📈 Chart Patterns & Indicators

Moving Averages

Price > 50-DMA and 200-DMA → strong bullish structure.

50-DMA > 200-DMA → confirms uptrend.

Bollinger Bands

Price near upper band — suggests overextension, possible pullback.

Volume Trends

Volume (8.2L) < 1-week average (12.3L) — rally may lack strong participation.

Support Levels

₹960 – ₹970 (recent breakout zone)

₹887 (50-DMA)

₹828 (200-DMA)

Resistance Levels

₹1,000 (psychological and 52-week high)

₹1,020 – ₹1,050 (projected extension zone)

🔍 Momentum Signals

Short-Term Bias: Bullish but Overbought

RSI > 70 and MACD rising — strong momentum but risk of short-term correction.

Volume divergence suggests caution — price rising, volume falling.

Stochastic & Oscillators: Overbought — watch for reversal signals.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry ₹960 – ₹975 Pullback zone near breakout support

Exit Target ₹1,020 – ₹1,050 Extension zone above 52-week high

Stop Loss ₹940 Below recent support and trendline

🧠 Summary

SHYAMMETL is in a strong bullish trend, supported by moving averages and MACD. However, RSI signals overbought conditions, and volume is tapering off — suggesting a potential short-term pause or pullback. A tactical entry near ₹960–₹975 could offer a safer setup, while breakout traders may wait for volume confirmation above ₹1,000.

Want to explore how SHYAMMETL stacks up against other metal sector stocks or dive into its fundamentals vs peers? Let’s chart that course.

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