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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 2021-10-01 View latest technical analysis

10 day averaged volume of Shremetal is 156

Date Daily Closing Price Open High Low Volume
01 Fri Oct 2021 22.65 22.65 22.65 22.65 0.006 times
29 Wed Sep 2021 22.65 22.65 22.65 22.65 0.327 times
27 Mon Sep 2021 23.80 23.80 23.80 23.80 0.231 times
24 Fri Sep 2021 25.00 25.00 25.00 25.00 0.641 times
22 Wed Sep 2021 26.25 26.30 26.30 26.25 0.66 times
21 Tue Sep 2021 26.35 26.35 26.35 26.35 0.006 times
16 Thu Sep 2021 26.40 23.95 26.45 23.95 3.064 times
15 Wed Sep 2021 25.20 25.20 25.20 25.20 0.641 times
14 Tue Sep 2021 26.50 25.25 26.50 25.25 1.442 times
13 Mon Sep 2021 26.50 25.75 26.95 24.60 2.16 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 23.4, but if it comes above 23.4, then a intra day buy could be more profitable.
If you take a sell trade below 23.4, then use 23.4 as stoploss and 21.8 as target. However if you take a buy trade in stock , then use 23.4 as stoploss and 24.67 as target.

Share price targets for Shremetal (Shremetal)

Target Type Value
Downside Target 22.00
Downside Target 22.65
Upside Target 23.80
Upside Target 25.00
Upside Target 25.60
Upside Target 26.35
Upside Target 26.75
Upside Target 26.95
Upside Target 28.00
Upside Target 30.45
Upside Target 32.90

Intraday share price targets for Shremetal (Shremetal)

Target Type Value
Downside Intraday Target 22.27
Downside Intraday Target 21.88
Upside Intraday Target 23.42
Upside Intraday Target 24.18
Upside Intraday Target 23.03

Weekly technical analysis of Shremetal (Shremetal)

Date Weekly Closing Price Open High Low Volume
01 Fri Oct 2021 22.65 23.80 23.80 22.65 0.431 times
24 Fri Sep 2021 25.00 26.35 26.35 25.00 0.179 times
16 Thu Sep 2021 26.40 25.75 26.95 23.95 1.124 times
09 Thu Sep 2021 25.75 22.00 26.75 22.00 0.907 times
03 Fri Sep 2021 23.10 24.30 24.30 23.10 2.263 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
01 Fri Oct 2021 22.65 22.65 22.65 22.65 0 times
29 Wed Sep 2021 22.65 24.00 26.95 22.00 0.88 times
30 Mon Aug 2021 24.30 27.50 28.00 23.05 0.383 times
30 Fri Jul 2021 26.65 27.70 30.45 24.50 1.509 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 15, 43, 49 Sell
MACD -1, -1Sell
Stochastics 0Sell
CCI -133Sell
RSI 46Sell
OBV 92Sell
VWAP 26Sell
ADL 0Sell
ROC -12Sell
Force Index 0Sell

Price action analysis of Shremetal ( (Shremetal) ) based on a short term time period is

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 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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

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

MRSI is in positive zone. This is a BUY 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 26.05 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 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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