Shyam metalics

Aug 26

Shyam Metalics appears to have entered its third wave as per Elliott Wave theory, signaling a strong potential for upward momentum. The third wave is typically the most powerful and extended wave in the Elliott Wave sequence, often marked by increased buying interest and a surge in price. Given the current technical setup, this wave could propel Shyam Metalics to new highs, making it an attractive opportunity for traders and investors. As the third wave unfolds, monitoring key support levels and maintaining a disciplined approach to risk management will be crucial to maximizing gains during this bullish phase.


Key support : 750

Key Resistance: 950/1000