This is Daily Timeframe. For last 6 months, Shyam Metalics is in downtrend. Downtrend was smooth, but things changed after the Mid-December.
It rejected downward move by forming a hammer candle on 20th Dec. 2021. After this, it started showing some strength, formed bullish candles with volume support.
Then after small retracement, it again formed a hammer candle and then formed bullish candle(28th Dec.) with good volume. This is the breakout candle that gave breakout from the falling wedge pattern.
After breakout, consolidated and formed a small range and today it gave breakout from that too with volumes.
These are strong indications that the downtrend that was going for almost half year is to an end.