Is Shyam Metalics technically bullish or bearish?

Nov 11 2025 08:17 AM IST
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As of November 10, 2025, Shyam Metalics shows a mildly bullish trend driven by daily moving averages, though caution is advised due to mixed signals from weekly and monthly indicators and recent underperformance compared to the Sensex.
As of 10 November 2025, the technical trend for Shyam Metalics has changed from sideways to mildly bullish. The current stance is mildly bullish, driven primarily by the daily moving averages indicating a bullish trend. However, the weekly and monthly MACD and KST are mildly bearish, suggesting some caution. The Bollinger Bands show a mixed signal with a bearish weekly outlook and a mildly bullish monthly perspective. The overall strength of the bullish signal is tempered by the lack of clear momentum in the RSI and the Dow Theory indicating no trend on the weekly timeframe. Despite recent underperformance compared to the Sensex over the past month, the long-term returns remain strong, particularly over three years.
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