Shyam Metalics: a probable long tradeIt is an anticipatory trade with a small SL.
Exceptional financials. Can be accumulated for long term on every dip.
Safe traders to enter post 315.
SHYAMMETL trade ideas
Healthy correction and now coming to strong supportPotential multi-bagger, undergoing CAPEX, can be added around 250 for long term.
Shyam Metalics : Downtrend Reversal and Weekly BreakoutThe weekly candle breakout in stock.
- since listing gain, the stock in downward with trendline resistance.
- this week bullish candle indicated a clear reversal in trend and upward price movement in stock.
- price closed above EMA 200 in daily chart after positively retested the breakout level.
Plan your target and stop loss as per capital allocation and risk appetite.
Thanks
-AJ
Trend reversal, breaking downward trendSHYAM METALICS AND ENERGY LTD
Time frame- DAILY
*Entry - 310
*Stop loss - 295
*Short term - medium term
*Reason- trend reversal, Strong RSI, Sector is also looking good.
Disclaimer:- I am not SEBI registered analyst. Only for information and education purpose. Please consult your adviser before investing.
#technicalanalysis #technicalanalyst #swingtrading #swingtrader #fundamentalanalysis #bullish #chartoftheweek #trading #tradingstrategy #stockmarket #stockmarketindia #stocks #stockmarketnews #stockstowatch #stockstobuy #stockoptions #longterminvestment #investment #investmentopportunities #breakoutstocks #derivatives #derivativestrading #index #indexinvesting #optiontrading #chartanalysis #trader #tradingsignals #tradingview #education #breakout #pattern #information #investing #consolidation #consult #supporting #volume #long #metal #rangeBreakout #bullrun #trendreversal
SHYAM METALICS> SHYAM METALICS
> chart analysis
> keep an eye on this stock , good above resistance area.
\\ this post is for educational purpose only \\
Short Term pick ✌✌✌This scrip has been choosen for short Term pick as it had formed a good base and expected to give some good returns in the coming days. So traders keep on your radar to catch the momentum. Thanks to All 🙏🙏🙏
SHYAM METALIC is on strong demand area.If stock is sustain this level or going upside then we think for long only watch on trendline resistance level . If stock breakout trendline then we continue our trade if not then exit or trade.
Could zoom past 500After a downtrend the stock has made a double bottom pattern and is ready to move upwards.
Only for education purposes
Triangle Pattern in ShyamMetlFundamentally, The company is doing very good ; watch out for the breakout
Hidden Gem - Shyam Metallics#Shyam Metallics - One of the newer gems to consider early entries.
Why ?
- Attractive FA
- Downtrend completed.
- Consolidation baseline formed.
- Inverted Head and Shoulder Completed.
- Clear signals of upside breakouts.
Double bottom breakoutthis 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.
SHYAMMETL BULLISH POSITIONAL TRADESHYAM METALICS AND ENERGY LIMITED LTP RS 347.
One can buy at CMP and avg at 320 level if gets opportunity to Avg.
SL 300
shyam mettalicsIt tried to break the level of 360 today. Buy the stock above 360 with SL of 340 for a target of 410-420
falling wedge breakout, pullback and cont.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 analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
Looks like down trend is over keep on radar above 358Metal sector growing after budget
Looks like down trend is over keep on radar above 358
Keep in your check list
Shyam Metal for Long position - Daily Time FrameNSE: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 financial advisor before making any investment.
Happy Investing..
Shyam Metalics out of Falling channelShyam 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 analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
Reversal play in Shyam Metalics (#SHYAMMETL) 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 (green highlight)
- Currently facing resistance from 14th Sep AVWAP (Rs. 354).
- Can take support at 20th Dec AVWAP (Rs. 338)
- Crossing above Rs. 354 will most probably break the support-turned resistance zone of Rs.360 too with force.
- Later, it can face resistance from 22nd July AVWAP (Rs. 383) and come to retest the Rs. 360 area.
- There should be no looking back once it crosses the 22nd July AVWAP
- Company has high ROE (above 20%) and currently trades at lower valuation multiples than its peers.
Disclaimer: Do not consider this as a trade recommendation.
Can We Skip to the Good Part ? Trend Reversal ?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.
This post is for information purpose only.
Shyam metalicsForming a double bottom and giving a good momentum
Now forming pole nd flag
Breakout at 350 for target with 365
wait for proper breakoutIt 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.
BREAKOUT 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
Shyam Metalics & Energy Ltd- looking for turnaroundWait 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.
