Overall Technical outlook

Price Summary

Shyam Metalics and Energy Limited's stock opened at 840.0 on 2026-04-09, surged to 845.0, hit a low of 826.7, and closed up -1.11% at 830.7, with 112269 shares traded.
The stock's peak price over the last 52 weeks is 992.15, with the lowest being 0.0.
6 analysts forecast that the price of SHYAMMETL will range from 828.0 to 1350.0, with an average expected price near 1063.6666.

Technicals

Support and Resistance: At 830.7, 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 is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move.
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Aroon chart for Shyam Metalics and Energy Limited


Bol. Bands: The BOLL BANDS is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation.
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Bolinger Bands chart for Shyam Metalics and Energy Limited


Parabolic SAR: The PSAR remains bullish, establishing a key support level that could help uphold the market's upward trajectory. This persistent bullish outlook suggests that the market may continue to rise, with the support providing a foundation for further gains.
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Parabolic Stop and Reverse chart for Shyam Metalics and Energy Limited


Stochastic: The current reading of the STOCHASTIC is neutral for SHYAMMETL, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction.
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Stochastic chart for Shyam Metalics and Energy Limited


Tripple Moving Agerage: The current alignment of the 20, 50, and 100 moving averages indicates a bullish trend, with their slopes pointing to a mildly bullish overall market outlook. This suggests that the market may experience steady, incremental gains rather than rapid upward movements. The overall trend is positive, but the pace of growth is expected to be moderate, reflecting cautious optimism among investors.
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Tripple SMA chart for Shyam Metalics and Energy Limited


To derive valuable insights from a company's technical performance, it is essential to first understand its fundamentals. This includes its financial health, business model, and market share. Equally important is the industry context, such as competition, consumer demand, and market trends. By examining these aspects together, investors can gain a more comprehensive view of how the company's stock behaves and whether it's aligned with its underlying value.