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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 2021-10-08 View latest technical analysis

10 day averaged volume of Shremetal is 64

Date Daily Closing Price Open High Low Volume
08 Fri Oct 2021 27.80 27.55 27.80 25.65 1.969 times
07 Thu Oct 2021 27.00 25.75 27.00 25.75 0.953 times
06 Wed Oct 2021 25.75 24.55 25.75 24.55 1.047 times
05 Tue Oct 2021 24.55 23.40 24.55 23.40 0.328 times
04 Mon Oct 2021 23.40 23.75 23.75 23.00 3.078 times
01 Fri Oct 2021 22.65 22.65 22.65 22.65 0.016 times
29 Wed Sep 2021 22.65 22.65 22.65 22.65 0.797 times
27 Mon Sep 2021 23.80 23.80 23.80 23.80 0.563 times
24 Fri Sep 2021 25.00 25.00 25.00 25.00 1.563 times
22 Wed Sep 2021 26.25 26.30 26.30 26.25 1.609 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 28.4, for a target of 26.6 or 25.15

Share price targets for Shremetal (Shremetal)

Target Type Value
Downside Target 22.00
Downside Target 22.65
Downside Target 23.80
Downside Target 24.50
Downside Target 25.00
Downside Target 25.60
Downside Target 26.35
Downside Target 26.95
Downside Target 27.80
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 24.6
Downside Intraday Target 21.4
Upside Intraday Target 29.4
Upside Intraday Target 31
Downside Intraday Target 26.2

Weekly technical analysis of Shremetal (Shremetal)

Date Weekly Closing Price Open High Low Volume
08 Fri Oct 2021 27.80 23.75 27.80 23.00 5.364 times
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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Shremetal (Shremetal)

Date Monthly Closing Price Open High Low Volume
08 Fri Oct 2021 27.80 22.65 27.80 22.65 0.137 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 up 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 42, 23, 30 Buy
MACD -0, -1Buy
Stochastics 94Buy
CCI 117Buy
RSI 48Sell
OBV 1353Sell
VWAP 25Buy
ADL 0Sell
ROC 6Buy
Force Index 0Sell

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 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 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Shremetal in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Shremetal Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 moving up

CCI has generated a buy signal for Shremetal in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 25.21 and Shremetal (Shremetal) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 positive

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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