Shyam Metalics & EnergyLooks Good on Weekly Time Frame (W TF)
For positional trade, Carry on closing Basis.
Chart is self explationary.
Not a call/Tip.
Just for knowledge.
SHYAMMETL trade ideas
shyam metalics and energymothly rsi above 55.
momentum stock.
be simple buy simple.
keep investing.
like and press boost button.
thanks.
SHYAMMETL - Long Setup, Move is ON..NSE:SHYAMMETL
✅ #SHYAMMETL trading above Resistance of 548
✅ Next Resistance is at 726
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Shyam Metalics and Energy LtdSHYAMMETL trying to Break the ATH, an effective move may happen.
Concentrate for short term if price sustained above 492 | Tgt 513, 537 | Sl 470
#LONG on SHYAM METALICS: Breakout from Descending ChannelShyam Metalics was in a continuous downfall since its listing on bourses. It fell from an ATH of 461.15 on Jul'21 and corrected by almost 41% to reach a low of 273.10 on 20 Jun'22. It took support from the base of descending channel and rose 39% to reach current high of 379.70. The scrip has given a successful breakout from the channel on 14th June 2023 and has risen by 18%.
Amazing swing trade idea on Shyammetl I daily make educational content videos for swing / positional trading
Rounding Bpttom Breakout Followed by Consolidation Breakout#Shyam Metalics
It is one of the largest producers of ferro alloys,
has 8 captive non-fossil fuels power plants with an installed capacity of 227 MW.
MCap 13124 Cr
ROCE 15%
InstHold6%
-Growth YOY
Sales -4%
PAT 335%
-Rounding Bpttom Breakout Followed by Consolidation Breakout
#SHYAMMETL (Weekly)⚡️Almost Zero Debt
⚡️FIIs DIIs increased stake
⚡️Breakout & Retest of IPO Base
⚡️3 months rising channel
⚡️Rectangle Pattern
⚡Consolidating after breakout
🔴 SL 435
🟡 CMP 455
🟢 TGT 501/569/683
breakout patternshyam metallic having strong fundamental is about to make a cup and handle pattern but we need to wait for a breakout price above Rs 480 with high volume, if it goes above 480 with high volume then chances are for an uptrend of this stock. keep an eye for it @280
Trade-35/100-SHYAMET-R:R Experiment-BuyBuying SHYAM METL in DAILY positional trade
Good structure making HH-HL.
Flag & Poll Pattern Breakout 📌Flag & Poll Pattern Breakout
✅Keep and eye
SHYAMMETL
+ Continuation pattern BO in Progress
+ Validated with volume
+ Above Key EMAs
Life time High with valume Weakly chart analysis
• life high treading
• keeping 400 Stop loss.
• 580 technical target.
No recommendation for buy and sell
I'm a student just sharing knowledge
ABOUT Shyam Metalics
It's a leading integrated metal producing company based in India with a focus on long steel products and ferro alloys. The company is one of the largest producers of ferro alloys in terms of installed capacity in India and has the ability to sell intermediate and final products across the steel value chain.
KEY POINTS
India’s leading Metal Producer
The company is one of the leading Integrated metal producers in India and it is among India's largest producers of ferroalloys in terms of installed capacity and the fourth-largest player in the sponge iron industry.
NSE:SHYAMMETLRounded bottom BO
NSE:SHYAMMETL
Buy above 480
SL below 435
Targets: 505/540/570/620/700
++Educational purpose only++
SHYAMMETL - Long Setup, Move is ON.NSE:SHYAMMETL
✅ #SHYAMMETL trading above Resistance of 448
✅ Next Resistance is at 548
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Trendline breakout in Shyam metallicShyammetl has given a trendline breakout yesterday.
Stock is looking good for a swing and positional trade. It is better to buy on dip for good risk:reward.
Idea is shared for educational purposes only.
SHYMAMETALLICSIf its able to break the trendline resistance it can achieve t1 t2 and more
good buying seen at the bottom levels it might take resistance and give a small retracement
SHYAMMETLSHYAMMETL:- Wait for the breakout, if it gives breakout and sustains then we can see upside movement
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
SHYAMMETL - Long Setup, Move is ON..NSE:SHYAMMETL
✅ #SHYAMMETL trading above Resistance of 381
✅ Next Resistance is at 448
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Resistance breakout btst Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
Please consider these ideas for educational purpose
Comment below if you are looking for any answers
SHYAMMETL- Weekly AnalysisIn the Weekly Chart of SHYAMMETL ,
we can see that; it has given breakout from Cup & Handle.
Let it retest and then with SL and wait for above 2 targets.
