The upmove within the inventory of Shyam Metallics and Power is gaining momentum. The outlook is bullish. The sturdy surge over 6 per cent on Wednesday strengthens the bullish case. This rise has taken the share value nicely above the important thing resistance degree of ₹485. The area between ₹485 and ₹480 will act as an excellent assist now. Dips to this assist zone are prone to get recent patrons and restrict the draw back.
Shyam Metallics and Power share value can rise to ₹560 within the subsequent couple of weeks. Merchants can go lengthy now. Accumulate on dips at ₹505 and ₹495. Maintain the stop-loss at ₹475. Path the stop-loss as much as ₹520 as quickly because the inventory strikes upto ₹527. Transfer the stop-loss additional as much as ₹535 when the value touches ₹545. Exit the lengthy positions at ₹555.
(Word: The suggestions are primarily based on technical evaluation. There may be threat of loss in buying and selling.)
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