this week double bottom breakout observed in Shyam Metalics(CMP 370). Short term target 398 if this week closing observed above 378. 2nd target 459 and then 523(time 6-12 months). Disclaimer: this is my chart analysis not personal opinion to buy, before buy consult your money adviser. i am not sebi register person.
SHYAM METALICS AND ENERGY LIMITED LTP RS 347. One can buy at CMP and avg at 320 level if gets opportunity to Avg. SL 300
It tried to break the level of 360 today. Buy the stock above 360 with SL of 340 for a target of 410-420
buy above 360 in intraday and swing for swing keep stoploss 330 DCB For stoploss in Intraday use 5 minute chart and see nearest support. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical...
Metal sector growing after budget Looks like down trend is over keep on radar above 358 Keep in your check list
NSE:SHYAMMETL Shyam metal is near to support zone and if we take position from here can see a good upside move. CMP: 375 rs Entry: Between 365 rs to 380 rs SL: 357 rs Target: 1st- 415 rs (Book 80% profit here.) 2nd- 450 rs Please share with your family and friend if you like the idea to go long. This chart is only for educational purpose. Consult with your...
Shyam Metalics and Energy seems to have completed ABC zig zag correction at 300 and came out of channel. Channel breakout confirmed after it crossed 338 and while coming out formed rising wedge pattern or leading diagonal pattern. Leading diagonal are found at start of new trend. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical...
With Nifty Metal Index breaking out today , lets see how Shyam Metalics NSE:SHYAMMETL can play out from here... Stock was clearly in downtrend, making Lower Highs and Lower Lows (blue & red highlights on the chart). But it can reverse from here now. How? Here are some observations: - It recently took support at IPO Price - Made first Higher High...
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...
Forming a double bottom and giving a good momentum Now forming pole nd flag Breakout at 350 for target with 365
It looks like a breakout after a big downfalling zone, creating a W pattern also, but volume is low, don't go with a huge quantity.
Market Cap ₹ 8,734 Cr. Current Price ₹ 343 High / Low ₹ 461 / 299 Stock P/E 5.92 Book Value ₹ 200 Dividend Yield 0.79 % ROCE 26.7 % ROE 26.1 % Face Value ₹ 10.0
Wait for retracement and buy based on price action breakout in 15 min or 1 hour time frame. Promoter holding is on higher side, so one can expect some off loading. *Note- Only for educational purpose.
A sweet double bottom and a breakout of trendline Volumes high RSI showing strength looks good for a potential upmove Disclaimer for learning purposes
Shyam Metals Showing Reversal Signal from Downtrend with Clear Volume popup. Its Good Sign to Enter here.
4 days ago I have posted this stock today it went 7% up.
A breakout is a stock price moving outside a defined support or resistance level with increased volume. A breakout trader enters a long position after the stock price breaks above resistance or enters a short position after the stock breaks below support. Once the stock trades beyond the price barrier, volatility tends to increase and prices usually trend in the...
Technical Patterns used are Trend Line Analysis and Double Top or Bottom + Neckline Break Entry. Recommended to do your own Research.