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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 2021-08-25 View latest technical analysis

10 day averaged volume of Shremetal is 237

Date Daily Closing Price Open High Low Volume
25 Wed Aug 2021 24.55 27.05 27.05 24.55 0.456 times
23 Mon Aug 2021 25.80 27.00 27.00 25.80 0.11 times
20 Fri Aug 2021 27.15 27.15 27.15 27.15 0.333 times
18 Wed Aug 2021 27.15 28.00 28.00 27.15 0.549 times
17 Tue Aug 2021 26.70 26.70 26.70 26.70 1.055 times
16 Mon Aug 2021 25.45 25.50 25.50 25.45 0.958 times
13 Fri Aug 2021 25.45 25.45 25.45 23.05 2.439 times
12 Thu Aug 2021 24.25 25.05 25.05 24.25 3.797 times
11 Wed Aug 2021 25.50 25.50 25.50 25.50 0.013 times
09 Mon Aug 2021 25.50 26.00 26.00 25.50 0.637 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 25.2, but if it comes above 25.2, then a intra day buy could be more profitable.
If you take a sell trade below 25.2, then use 25.2 as stoploss and 23.9 as target. However if you take a buy trade in stock , then use 25.2 as stoploss and 26.21 as target.

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
Upside Target 25.40
Upside Target 27.05
Upside Target 28.00
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 23.72
Downside Intraday Target 22.88
Upside Intraday Target 26.22
Upside Intraday Target 27.88
Upside Intraday Target 25.38

Weekly technical analysis of Shremetal (Shremetal)

Date Weekly Closing Price Open High Low Volume
25 Wed Aug 2021 24.55 27.00 27.05 24.55 0.195 times
20 Fri Aug 2021 27.15 25.50 28.00 25.45 0.42 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

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
25 Wed Aug 2021 24.55 27.50 28.00 23.05 0.338 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 21, 42, 33 Sell
MACD -1, -1Sell
Stochastics 56None
CCI -40Sell
RSI 47Sell
OBV 1086Sell
VWAP 25Sell
ADL 0Sell
ROC -8Sell
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 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Shremetal stock for short term is SELL. 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. 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

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 25.25 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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