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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 2021-08-02 View latest technical analysis

10 day averaged volume of Shremetal is 519

Date Daily Closing Price Open High Low Volume
02 Mon Aug 2021 25.40 27.50 27.50 25.40 0.674 times
30 Fri Jul 2021 26.65 26.65 26.65 26.65 0.385 times
29 Thu Jul 2021 28.00 28.00 28.00 25.75 0.039 times
28 Wed Jul 2021 26.95 26.95 26.95 26.95 0.002 times
27 Tue Jul 2021 28.35 28.35 28.35 25.65 2.175 times
26 Mon Jul 2021 27.00 25.75 27.00 24.50 1.686 times
23 Fri Jul 2021 25.75 27.10 27.10 25.75 1.141 times
22 Thu Jul 2021 27.10 26.00 27.30 26.00 0.114 times
20 Tue Jul 2021 26.00 27.75 27.75 26.00 0.723 times
19 Mon Jul 2021 26.45 26.45 26.45 26.45 0.817 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 25.9, but if it comes above 25.9, then a intra day buy could be more profitable.
If you take a sell trade below 25.9, then use 25.9 as stoploss and 24.7 as target. However if you take a buy trade in stock , then use 25.9 as stoploss and 26.82 as target.

Share price targets for Shremetal (Shremetal)

Target Type Value
Downside Target 22.50
Downside Target 23.65
Downside Target 24.50
Downside Target 25.40
Upside Target 27.50
Upside Target 28.35
Upside Target 29.05
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 24.7
Downside Intraday Target 24
Upside Intraday Target 26.8
Upside Intraday Target 28.2
Upside Intraday Target 26.1

Weekly technical analysis of Shremetal (Shremetal)

Date Weekly Closing Price Open High Low Volume
02 Mon Aug 2021 25.40 27.50 27.50 25.40 0.157 times
30 Fri Jul 2021 26.65 25.75 28.35 24.50 1.534 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

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
02 Mon Aug 2021 25.40 27.50 27.50 25.40 0.034 times
30 Fri Jul 2021 26.65 27.70 30.45 24.50 1.509 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

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 17, 23, 16 Sell
MACD -1, -1Sell
Stochastics 52None
CCI -103Sell
RSI 49Sell
OBV -1982Sell
VWAP 27Sell
ADL 0Sell
ROC 1Buy
Force Index 0Sell

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 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 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 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 tired and bears are picking up momentum.

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 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 26.89 and Shremetal (Shremetal) stock is trading below this level. This means that stock is falling with high volumes. 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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