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(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)

Showing technical analysis as on 2021-07-08 View latest technical analysis

10 day averaged volume of Shremetal is 253

Date Daily Closing Price Open High Low Volume
08 Thu Jul 2021 27.25 28.60 30.05 27.25 3.206 times
07 Wed Jul 2021 28.65 28.15 28.65 28.15 1.735 times
06 Tue Jul 2021 27.30 28.40 28.40 26.55 1.265 times
05 Mon Jul 2021 27.55 29.00 30.45 27.55 1.419 times
02 Fri Jul 2021 29.00 27.15 29.05 26.35 1.514 times
01 Thu Jul 2021 27.70 27.70 27.70 27.70 0.15 times
30 Wed Jun 2021 29.15 29.15 29.15 26.45 0.213 times
29 Tue Jun 2021 27.80 26.95 27.80 26.95 2.15 times
28 Mon Jun 2021 28.35 26.80 29.50 26.80 0.308 times
25 Fri Jun 2021 28.20 25.60 28.20 25.60 0.83 times

Stock of Shremetal (Shremetal) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 27.6, but if it comes above 27.6, then a intra day buy could be more profitable.
If you take a sell trade below 27.6, then use 27.6 as stoploss and 26.4 as target. However if you take a buy trade in stock , then use 27.6 as stoploss and 28.62 as target.

Share price targets for Shremetal (Shremetal)

Target Type Value
Downside Target 20.50
Downside Target 22.50
Downside Target 23.65
Downside Target 25.60
Downside Target 26.35
Upside Target 27.65
Upside Target 28.65
Upside Target 29.50
Upside Target 30.45
Upside Target 31.30
Upside Target 32.40
Upside Target 32.60
Upside Target 32.70
Upside Target 32.90

Intraday share price targets for Shremetal (Shremetal)

Target Type Value
Downside Intraday Target 25.72
Downside Intraday Target 24.18
Upside Intraday Target 29.62
Upside Intraday Target 31.98
Upside Intraday Target 28.08

Weekly technical analysis of Shremetal (Shremetal)

Date Weekly Closing Price Open High Low Volume
08 Thu Jul 2021 27.25 29.00 30.45 26.55 1.758 times
02 Fri Jul 2021 29.00 26.80 29.50 26.35 1.309 times
25 Fri Jun 2021 28.20 28.45 31.30 25.60 0.202 times
18 Fri Jun 2021 29.90 28.85 30.60 27.65 4.491 times
11 Fri Jun 2021 29.40 26.90 32.70 26.90 0.89 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
08 Thu Jul 2021 27.25 27.70 30.45 26.35 0.345 times
30 Wed Jun 2021 29.15 32.90 32.90 25.60 1.424 times
31 Mon May 2021 32.40 22.50 32.40 22.50 1.482 times
29 Thu Apr 2021 23.65 27.25 32.60 23.65 1.75 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 32, 13, 41 Buy
MACD -0, -0Sell
Stochastics 44None
CCI 36Sell
RSI 48Sell
OBV 1496Sell
VWAP 28Sell
ADL 0Sell
ROC 1Buy
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 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 short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Shremetal ( (Shremetal) ) based on a mid to longer 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.

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

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

Shremetal Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 Shremetal is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 27.9 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 is giving positive 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.

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Daily charts

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Daily chart

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