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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 2021-07-12 View latest technical analysis

10 day averaged volume of Shremetal is 332

Date Daily Closing Price Open High Low Volume
12 Mon Jul 2021 25.75 25.40 27.15 24.75 2.729 times
09 Fri Jul 2021 25.90 25.90 28.60 25.90 0.889 times
08 Thu Jul 2021 27.25 28.60 30.05 27.25 2.443 times
07 Wed Jul 2021 28.65 28.15 28.65 28.15 1.322 times
06 Tue Jul 2021 27.30 28.40 28.40 26.55 0.964 times
05 Mon Jul 2021 27.55 29.00 30.45 27.55 1.081 times
02 Fri Jul 2021 29.00 27.15 29.05 26.35 1.154 times
01 Thu Jul 2021 27.70 27.70 27.70 27.70 0.114 times
30 Wed Jun 2021 29.15 29.15 29.15 26.45 0.163 times
29 Tue Jun 2021 27.80 26.95 27.80 26.95 1.639 times

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

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 25.5, for a target of 27 or 28.26

Share price targets for Shremetal (Shremetal)

Target Type Value
Downside Target 20.50
Downside Target 22.50
Downside Target 23.65
Downside Target 24.75
Downside Target 25.60
Upside Target 27.15
Upside Target 28.65
Upside Target 29.50
Upside Target 30.45
Upside Target 30.60
Upside Target 31.30
Upside Target 32.40
Upside Target 32.60
Upside Target 32.90

Intraday share price targets for Shremetal (Shremetal)

Target Type Value
Downside Intraday Target 24.62
Downside Intraday Target 23.48
Upside Intraday Target 27.02
Upside Intraday Target 28.28
Upside Intraday Target 25.88

Weekly technical analysis of Shremetal (Shremetal)

Date Weekly Closing Price Open High Low Volume
12 Mon Jul 2021 25.75 25.40 27.15 24.75 0.407 times
09 Fri Jul 2021 25.90 29.00 30.45 25.90 2.027 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

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

Monthly technical analysis of Shremetal (Shremetal)

Date Monthly Closing Price Open High Low Volume
12 Mon Jul 2021 25.75 27.70 30.45 24.75 0.521 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 25, 22, 7 Buy
MACD -1, -1Sell
Stochastics 17Sell
CCI -192Sell
RSI 49Sell
OBV 440Sell
VWAP 27Sell
ADL 0Sell
ROC -9Sell
Force Index 0Sell

Price action analysis of Shremetal ( (Shremetal) ) 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 Shremetal ( (Shremetal) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Shremetal ( (Shremetal) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 Weak and stock is losing 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 but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 27.27 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.

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Daily charts

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Daily chart

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