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Updated - May 21, 2026 at 06:30 AM.

The short-term outlook is bullish for Shyam Metalics & Energy. The share price has been moving inside a bull channel since March this year. It is now moving up towards ₹960, the upper end of the channel.

We see high chances for the share price to breach ₹960. Such a break can take Shyam Metalics & Energy share price up to ₹1,000 and even ₹1,040 in the coming months.

Key supports are at ₹890 and ₹870. Traders can buy Shyam Metalics & Energy shares now at ₹921. Accumulate on dips at ₹905.

Keep the stop-loss at ₹865. Trail the stop-loss up to ₹930 as soon as the stock goes up to ₹945. Revise the stop-loss higher to ₹955, ₹980 and ₹995 when the price touches ₹970, ₹990 and ₹1,005 respectively. Exit the long positions at ₹1,020.

Video Credit: Businessline

(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)

Published on May 21, 2026

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