Overall Technical outlook

Price Summary

A 2.3% boost in Shyam Metalics and Energy Limited's stock marked an phenomenal day on the market.
On 2026-03-02, Shyam Metalics and Energy Limited's stock began at 820.0, peaked at 860.0, bottomed at 820.0, and closed 2.3% up at 838.9, with a volume of 94988 shares.
Over the past 52 weeks, the stock reached a maximum price of 992.15 and a minimum price of 702.5.
Based on recommendations from 6 analysts, the future price of SHYAMMETL is expected to range from 828.0 to 1350.0, with an average price expectation around 1063.6666.

Technicals

Support and Resistance: At 838.9, the price for SHYAMMETL is supported at 818.4 and resisted at 847.65. This indicates a trading range where 818.4 serves as a support level, potentially preventing further decline, while 847.65 could limit upward movement.
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Support/Resistance for SHYAMMETL


Aroon: The Aroon indicator is signaling a continued bearish trend, with Aroon Down holding steady at the 100 level. This persistent downward momentum warrants further analysis in conjunction with other indicators to determine its potential impact.
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Aroon chart for Shyam Metalics and Energy Limited


Bol. Bands: The latest price action for SHYAMMETL shows a crossover above the lower Bollinger Band, following a period where the price was below it. This move might signal the end of a bearish phase, with the market potentially recovering from oversold conditions. The upward shift suggests that the bearish momentum is slowing, and a possible reversal or stabilization could be taking place.
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Bolinger Bands chart for Shyam Metalics and Energy Limited


Parabolic SAR: The PSAR for SHYAMMETL remains bearish, establishing a key resistance level that could hinder upward movement. This ongoing bearish outlook suggests that the market may face challenges in breaking higher, with the resistance level acting as a barrier to potential gains.
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Parabolic Stop and Reverse chart for Shyam Metalics and Energy Limited


Stochastic: The current state of the STOCHASTIC is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment.
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Stochastic chart for Shyam Metalics and Energy Limited


Tripple Moving Agerage: The Tripple MOVING AVG is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for SHYAMMETL, with no strong trend emerging.
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Tripple SMA chart for Shyam Metalics and Energy Limited


Before diving into the technical aspects of a company, such as stock price charts or volume trends, it's important to understand its fundamentals. These fundamentals include financial stability, growth potential, and strategic positioning. Additionally, knowing the broader industry landscape, including competitive pressures and regulatory factors, offers deeper insights. When this fundamental analysis is combined with technical indicators, it leads to more informed, accurate evaluations of the company's overall performance.