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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 2021-08-26 View latest technical analysis

10 day averaged volume of Shremetal is 245

Date Daily Closing Price Open High Low Volume
26 Thu Aug 2021 23.55 23.60 23.60 23.55 1.429 times
25 Wed Aug 2021 24.55 27.05 27.05 24.55 0.441 times
23 Mon Aug 2021 25.80 27.00 27.00 25.80 0.106 times
20 Fri Aug 2021 27.15 27.15 27.15 27.15 0.322 times
18 Wed Aug 2021 27.15 28.00 28.00 27.15 0.531 times
17 Tue Aug 2021 26.70 26.70 26.70 26.70 1.02 times
16 Mon Aug 2021 25.45 25.50 25.50 25.45 0.927 times
13 Fri Aug 2021 25.45 25.45 25.45 23.05 2.359 times
12 Thu Aug 2021 24.25 25.05 25.05 24.25 3.673 times
11 Wed Aug 2021 25.50 25.50 25.50 25.50 0.012 times

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 23.5, for a target of 24.9 or 26.03

Share price targets for Shremetal (Shremetal)

Target Type Value
Downside Target 22.50
Downside Target 23.05
Downside Target 23.55
Upside 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 22.38
Downside Intraday Target 21.22
Upside Intraday Target 25.88
Upside Intraday Target 28.22
Upside Intraday Target 24.72

Weekly technical analysis of Shremetal (Shremetal)

Date Weekly Closing Price Open High Low Volume
26 Thu Aug 2021 23.55 27.00 27.05 23.55 0.706 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
26 Thu Aug 2021 23.55 27.50 28.00 23.05 0.372 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 20, 47, 41 Sell
MACD -1, -1Sell
Stochastics 32None
CCI -143Sell
RSI 48Sell
OBV 1328Sell
VWAP 25Sell
ADL 0Sell
ROC -8Sell
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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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. 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 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 25.01 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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