Mobile app version of munafa.co.com
Login or Join
 Learn then Earn

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

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

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

10 day averaged volume of Shremetal is 179

Date Daily Closing Price Open High Low Volume
01 Fri Jul 2022 23.05 23.05 23.05 23.05 0.559 times
30 Thu Jun 2022 24.05 24.10 24.10 24.05 1.117 times
23 Thu Jun 2022 23.50 23.50 23.50 23.50 0.391 times
20 Mon Jun 2022 23.50 24.65 24.65 23.50 0.559 times
17 Fri Jun 2022 23.50 23.50 23.50 23.50 2.793 times
16 Thu Jun 2022 23.10 23.10 23.10 23.10 0.559 times
15 Wed Jun 2022 24.30 24.30 24.30 24.30 2.793 times
09 Thu Jun 2022 24.50 23.30 24.50 23.30 0.302 times
08 Wed Jun 2022 24.50 24.50 24.50 24.50 1.235 times
07 Tue Jun 2022 25.00 25.00 25.00 25.00 0.14 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 23.6, but if it comes above 23.6, then a intra day buy could be more profitable.
If you take a sell trade below 23.6, then use 23.6 as stoploss and 22.5 as target. However if you take a buy trade in stock , then use 23.6 as stoploss and 24.58 as target.

Share price targets for Shremetal (Shremetal)

Target Type Value
Downside Target 20.75
Downside Target 21.70
Downside Target 22.35
Downside Target 23.05
Upside Target 24.30
Upside Target 24.65
Upside Target 25.00
Upside Target 26.25
Upside Target 26.40
Upside Target 28.00

Intraday share price targets for Shremetal (Shremetal)

Target Type Value
Downside Intraday Target 22.7
Downside Intraday Target 22.35
Upside Intraday Target 23.75
Upside Intraday Target 24.45
Upside Intraday Target 23.4

Weekly technical analysis of Shremetal (Shremetal)

Date Weekly Closing Price Open High Low Volume
01 Fri Jul 2022 23.05 24.10 24.10 23.05 1.765 times
23 Thu Jun 2022 23.50 24.65 24.65 23.50 0.155 times
17 Fri Jun 2022 23.50 24.30 24.30 23.10 3.667 times
09 Thu Jun 2022 24.50 25.00 25.00 23.30 0.962 times
03 Fri Jun 2022 25.00 26.25 26.25 23.90 0.823 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 Shremetal (Shremetal)

Date Monthly Closing Price Open High Low Volume
01 Fri Jul 2022 23.05 23.05 23.05 23.05 0.053 times
30 Thu Jun 2022 24.05 25.00 26.25 23.10 0.512 times
31 Tue May 2022 25.00 22.80 26.25 21.70 0.282 times
29 Fri Apr 2022 24.00 23.75 26.40 22.35 2.283 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 Shremetal (Shremetal)

Indicator Name Indicator Value Indicator Signal
ADX 40, 51, 11 Sell
MACD -0, -0Sell
Stochastics 15Sell
CCI -115Sell
RSI 49Sell
OBV -363Sell
VWAP 24Sell
ADL 0Sell
ROC -8Sell
Force Index 0Sell

Price action analysis of Shremetal ( (Shremetal) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Shremetal ( (Shremetal) ) based on a short term time period is

Price action analysis of Shremetal ( (Shremetal) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Shremetal ( (Shremetal) ) based on a mid to longer term time period is

ADX buy sell signal for Shremetal stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

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

Shremetal Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Shremetal in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Shremetal is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 23.89 and Shremetal (Shremetal) 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 Shremetal (Shremetal) stock. Volume based technical analysis of Shremetal (Shremetal) stock is negative.

Shremetal 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.

Click here for Shremetal charts

Click here for further forecast and predictions for tomorrow

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme