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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 2021-07-27 View latest technical analysis

10 day averaged volume of Shremetal is 628

Date Daily Closing Price Open High Low Volume
27 Tue Jul 2021 28.35 28.35 28.35 25.65 1.798 times
26 Mon Jul 2021 27.00 25.75 27.00 24.50 1.393 times
23 Fri Jul 2021 25.75 27.10 27.10 25.75 0.943 times
22 Thu Jul 2021 27.10 26.00 27.30 26.00 0.094 times
20 Tue Jul 2021 26.00 27.75 27.75 26.00 0.597 times
19 Mon Jul 2021 26.45 26.45 26.45 26.45 0.675 times
16 Fri Jul 2021 25.20 25.10 27.70 25.10 2.404 times
15 Thu Jul 2021 26.40 26.35 29.05 26.35 0.901 times
14 Wed Jul 2021 27.70 28.00 28.00 25.65 0.941 times
13 Tue Jul 2021 26.95 25.00 26.95 24.55 0.61 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 28.2, but if it comes below 28.2, then a intra day sell could be more profitable.
If you take a sell trade below 28.2, then use 28.2 as stoploss and 27.15 as target. However if you take a buy trade in stock , then use 28.2 as stoploss and 29.6 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 24.50
Downside Target 25.60
Downside Target 27.75
Downside Target 28.35
Upside Target 29.50
Upside Target 30.45
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 25.78
Downside Intraday Target 23.22
Upside Intraday Target 29.63
Upside Intraday Target 30.92
Downside Intraday Target 27.07

Weekly technical analysis of Shremetal (Shremetal)

Date Weekly Closing Price Open High Low Volume
27 Tue Jul 2021 28.35 25.75 28.35 24.50 1.382 times
23 Fri Jul 2021 25.75 26.45 27.75 25.75 0.367 times
16 Fri Jul 2021 25.20 25.40 29.05 24.55 1.779 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

Price has moved up 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
27 Tue Jul 2021 28.35 27.70 30.45 24.50 1.476 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 24, 17, 16 Buy
MACD -1, -1Buy
Stochastics 55None
CCI 128Buy
RSI 51Buy
OBV -1901Sell
VWAP 27Buy
ADL 0Sell
ROC 10Buy
Force Index 0Sell

Price action analysis of Shremetal ( (Shremetal) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Shremetal ( (Shremetal) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Shremetal ( (Shremetal) ) 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 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 gaining momentum.

MACD generated a BUY signal for Shremetal in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bulls 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 moving up

CCI has generated a buy signal for Shremetal in short term and BUY signal is strong.

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 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 26.62 and Shremetal (Shremetal) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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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