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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 2021-08-16 View latest technical analysis

10 day averaged volume of Shremetal is 285

Date Daily Closing Price Open High Low Volume
16 Mon Aug 2021 25.45 25.50 25.50 25.45 0.796 times
13 Fri Aug 2021 25.45 25.45 25.45 23.05 2.028 times
12 Thu Aug 2021 24.25 25.05 25.05 24.25 3.158 times
11 Wed Aug 2021 25.50 25.50 25.50 25.50 0.011 times
09 Mon Aug 2021 25.50 26.00 26.00 25.50 0.53 times
06 Fri Aug 2021 26.75 26.75 26.75 26.75 0.088 times
05 Thu Aug 2021 25.50 26.00 26.00 25.50 0.333 times
04 Wed Aug 2021 26.00 26.00 26.00 26.00 0.175 times
03 Tue Aug 2021 26.00 25.45 26.00 25.45 1.761 times
02 Mon Aug 2021 25.40 27.50 27.50 25.40 1.228 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 25.2 as stoploss in an intra day buy trade for a target of 26.16. However, stock will show a bearish move below 25.2.

Share price targets for Shremetal (Shremetal)

Target Type Value
Downside Target 22.50
Downside Target 23.05
Downside Target 23.65
Downside Target 24.50
Downside Target 25.40
Upside Target 27.50
Upside Target 27.75
Upside Target 28.35
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 25.43
Downside Intraday Target 25.42
Upside Intraday Target 25.48
Upside Intraday Target 25.52
Upside Intraday Target 25.47

Weekly technical analysis of Shremetal (Shremetal)

Date Weekly Closing Price Open High Low Volume
16 Mon Aug 2021 25.45 25.50 25.50 25.45 0.139 times
13 Fri Aug 2021 25.45 26.00 26.00 23.05 1.597 times
06 Fri Aug 2021 26.75 27.50 27.50 25.40 0.459 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

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
16 Mon Aug 2021 25.45 27.50 27.50 23.05 0.28 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 14, 39, 47 Sell
MACD -1, -1Sell
Stochastics 36None
CCI -21Buy
RSI 49Sell
OBV -1128Sell
VWAP 25Buy
ADL 0Sell
ROC -5Sell
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 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 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

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

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

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. Bears are weakening, and bulls 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 buy signal for Shremetal in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 25.19 and Shremetal (Shremetal) stock is trading above this level. This is a good sign for the stock and it could move higher. 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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