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(SHYAMTEL_BE) Shyam Telecom complete technical analysis [charts+indicators] | Buy/Sell Shyam Telecom | (SHYAMTEL_BE) share price targets

Complete technical analysis of Shyam Telecom (SHYAMTEL_BE) by charts plus indicators, forecast predictions and share price targets for Shyam Telecom (SHYAMTEL_BE)

10 day averaged volume of Shyam Telecom is 909

Date Daily Closing Price Open High Low Volume
23 Thu May 2024 15.80 16.10 16.10 15.80 3.276 times
22 Wed May 2024 16.10 16.40 16.40 16.10 0.596 times
21 Tue May 2024 16.40 16.70 16.70 16.40 2.227 times
20 Mon May 2024 16.70 16.70 16.70 16.70 0.155 times
17 Fri May 2024 16.70 16.70 16.70 16.70 1.045 times

Stock of Shyam Telecom (SHYAMTEL_BE) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 16.4, but if it comes above 16.4, then a intra day buy could be more profitable.
If you take a sell trade below 16.4, then use 16.4 as stoploss and 14.9 as target. However if you take a buy trade in stock , then use 16.4 as stoploss and 17.71 as target.

Share price targets for Shyam Telecom (SHYAMTEL_BE)

Target Type Value
Downside Target 8.65
Downside Target 9.00
Downside Target 9.70
Downside Target 10.50
Downside Target 10.80
Downside Target 15.10
Downside Target 15.80
Upside Target 16.60
Upside Target 17.40
Upside Target 18.05
Upside Target 18.25
Upside Target 18.40
Upside Target 19.50
Upside Target 19.85

Intraday share price targets for Shyam Telecom (SHYAMTEL_BE)

Target Type Value
Downside Intraday Target 15.5
Downside Intraday Target 15.2
Upside Intraday Target 16.4
Upside Intraday Target 17
Upside Intraday Target 16.1

Weekly technical analysis of Shyam Telecom (SHYAMTEL_BE)

Date Weekly Closing Price Open High Low Volume
23 Thu May 2024 15.80 16.70 16.70 15.80 1.732 times
17 Fri May 2024 16.70 18.05 18.05 16.70 0.169 times
10 Fri May 2024 18.40 19.85 19.85 18.40 0.422 times
03 Fri May 2024 19.50 17.40 19.50 17.40 1.812 times
26 Fri Apr 2024 16.60 9.70 16.60 9.10 1.247 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Shyam Telecom (SHYAMTEL_BE)

Date Monthly Closing Price Open High Low Volume
23 Thu May 2024 15.80 19.15 19.85 15.80 2.958 times
30 Tue Apr 2024 18.25 15.10 18.25 15.10 1.003 times
05 Mon Dec 2022 9.50 9.05 9.70 9.00 0.622 times
30 Wed Nov 2022 9.20 9.75 10.50 8.65 0.738 times

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Shyam Telecom (SHYAMTEL_BE)

Indicator Name Indicator Value Indicator Signal
ADX 39, 57, 19 Sell
MACD 2, 3Sell
Stochastics 0Sell
CCI -116Sell
RSI 69Buy
OBV 42963Sell
VWAP 17Sell
ADL 0Sell
ROC -16Sell
Force Index 0Sell

Price action analysis of Shyam Telecom ( (SHYAMTEL_BE) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Shyam Telecom ( (SHYAMTEL_BE) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Shyam Telecom ( (SHYAMTEL_BE) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Shyam Telecom ( (SHYAMTEL_BE) ) based on a mid to longer term time period is

ADX buy sell signal for Shyam Telecom stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Shyam Telecom in short term but the sell signal is initial and weak.

Shyam Telecom Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Shyam Telecom in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Shyam Telecom is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 16.6 and Shyam Telecom (SHYAMTEL_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Shyam Telecom (SHYAMTEL_BE) stock. Volume based technical analysis of Shyam Telecom (SHYAMTEL_BE) stock is negative.

Shyam Telecom Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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