Overall Technical outlook

Price Summary

On 2026-02-03, Shyam Metalics and Energy Limited's shares started at 867.0, peaked at 867.0, bottomed out at 836.5, and ended -1.76% down at 851.7, with 96110 shares traded.
During the 52-week span, the stock hit a high of 992.15 and a low of 692.8.
According to 6 analysts, the future price is anticipated to vary between 828.0 and 1350.0, with an average expected price of around 1063.6666.

Technicals

Support and Resistance: At 851.7, the price for SHYAMMETL is supported at 847.65 and resisted at 870.75. This indicates a trading range where 847.65 serves as a support level, potentially preventing further decline, while 870.75 could limit upward movement.
SHYAMMETL supportResistance 05b8b5
Support/Resistance for SHYAMMETL


Aroon: The AROON is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging.
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Aroon chart for Shyam Metalics and Energy Limited


Bol. Bands: As the price falls below the upper Bollinger Band, it suggests a potential shift to a downward trend. This movement may indicate that the asset's recent uptrend is losing steam, prompting traders to anticipate a decline. Such a signal could be interpreted as a warning of an overbought condition, where the price correction is likely, making it a critical juncture for trading decisions.
SHYAMMETL bbands 05b8b5
Bolinger Bands chart for Shyam Metalics and Energy Limited


Parabolic SAR: The PSAR continues to indicate a bullish outlook, establishing a key support level that could sustain the market's upward trend. This support suggests that the bullish momentum is likely to persist, offering a foundation for further growth.
SHYAMMETL psar 05b8b5
Parabolic Stop and Reverse chart for Shyam Metalics and Energy Limited


Stochastic: The STOCHASTIC is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear.
SHYAMMETL stoch 05b8b5
Stochastic chart for Shyam Metalics and Energy Limited


Tripple Moving Agerage: The Tripple MOVING AVG is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear.
SHYAMMETL trippleSMA 05b8b5
Tripple SMA chart for Shyam Metalics and Energy Limited


To properly assess the technical data of a company, it's important to first look at its fundamentals, such as its earnings, growth potential, and management effectiveness. Equally, understanding the industry trends, competition, and external economic factors that influence the company is vital. This holistic view helps draw meaningful conclusions about the company's technical performance, allowing investors to better gauge its stock price behavior, volatility, and market trends.