Is Shyam Metalics technically bullish or bearish?
As of September 5, 2025, Shyam Metalics shows a bullish trend with moderate strength, supported by positive indicators like a bullish MACD and Bollinger Bands, despite some mixed signals from monthly MACD and Dow Theory.
As of 5 September 2025, the technical trend for Shyam Metalics has changed from mildly bullish to bullish. The current stance is bullish with moderate strength. Key indicators driving this include a bullish MACD on the weekly chart, bullish Bollinger Bands on both weekly and monthly timeframes, and a bullish daily moving average. However, the monthly MACD and KST are mildly bearish, and the weekly Dow Theory is also mildly bearish, indicating some mixed signals. Overall, the bullish trend is supported by strong recent performance, particularly in the year-to-date return of 28.43% compared to the Sensex's 3.29%.
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