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(ShivBimetal) Shiv Bimetal complete technical analysis [charts+indicators] | Buy/Sell Shiv Bimetal | (ShivBimetal) share price targets

Complete technical analysis of Shiv Bimetal (ShivBimetal) by charts plus indicators, forecast predictions and share price targets for Shiv Bimetal (ShivBimetal)

Showing technical analysis as on 2024-03-15 View latest technical analysis

10 day averaged volume of Shiv Bimetal is 25404

Date	Daily Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	516.55	516.75	519.75	498.80	0.628 times
14 Thu Mar 2024	493.05	475.00	497.75	467.95	2.918 times
13 Wed Mar 2024	503.20	520.60	529.15	485.40	2.4 times
12 Tue Mar 2024	521.30	529.30	535.00	514.90	0.828 times
11 Mon Mar 2024	535.05	555.10	562.90	529.30	0.764 times
07 Thu Mar 2024	550.85	556.90	556.90	539.95	0.919 times
06 Wed Mar 2024	539.70	540.75	548.10	531.05	0.452 times
05 Tue Mar 2024	551.10	555.25	560.00	546.75	0.578 times
04 Mon Mar 2024	555.00	565.25	574.90	550.95	0.589 times
02 Sat Mar 2024	563.20	560.00	569.90	557.85	0.149 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 522.2, but if it comes above 522.2, then a intra day buy could be more profitable.
If you take a sell trade below 522.2, then use 522.2 as stoploss and 500.8 as target. However if you take a buy trade in stock , then use 522.2 as stoploss and 540.02 as target.

Share price targets for Shiv Bimetal (ShivBimetal)

Target Type	Value
Downside Target	467.95
Downside Target	502.10
Upside Target	516.90
Upside Target	547.55
Upside Target	560.00
Upside Target	566.00
Upside Target	566.05
Upside Target	569.90
Upside Target	574.90
Upside Target	599.90
Upside Target	615.00

Intraday share price targets for Shiv Bimetal (ShivBimetal)

Target Type	Value
Downside Intraday Target	468.7
Downside Intraday Target	420.85
Upside Intraday Target	563.65
Upside Intraday Target	610.75
Downside Intraday Target	515.8

Weekly technical analysis of Shiv Bimetal (ShivBimetal)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	516.55	555.10	562.90	467.95	2.97 times
07 Thu Mar 2024	550.85	565.25	574.90	531.05	1.99 times
02 Sat Mar 2024	563.20	559.75	569.90	525.00	0.957 times
23 Fri Feb 2024	555.30	559.75	565.40	536.25	0.631 times
16 Fri Feb 2024	552.85	564.70	566.05	516.90	0.641 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 Shiv Bimetal (ShivBimetal)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	516.55	538.60	574.90	467.95	1.214 times
29 Thu Feb 2024	539.75	595.55	599.90	516.90	0.421 times
31 Wed Jan 2024	588.90	568.85	615.00	547.55	2.312 times
29 Fri Dec 2023	550.05	557.85	560.00	520.55	0.882 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Shiv Bimetal (ShivBimetal)

Price action analysis of Shiv Bimetal ( (ShivBimetal) ) 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 Shiv Bimetal ( (ShivBimetal) ) 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 Shiv Bimetal ( (ShivBimetal) ) based on a mid to longer 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.

ADX buy sell signal for Shiv Bimetal stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Shiv Bimetal in short term and the sell signal is strong.

Shiv Bimetal 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 below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Shiv Bimetal in short term but BUY signal is weak.

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 Shiv Bimetal is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 517.43 and Shiv Bimetal (ShivBimetal) 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 Shiv Bimetal (ShivBimetal) stock. Volume based technical analysis of Shiv Bimetal (ShivBimetal) stock is negative.

Shiv Bimetal Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

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