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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 2022-04-25 View latest technical analysis

10 day averaged volume of Shremetal is 805

Date Daily Closing Price Open High Low Volume
25 Mon Apr 2022 23.35 23.35 23.35 23.35 0.124 times
22 Fri Apr 2022 24.55 24.55 24.55 24.55 2.486 times
21 Thu Apr 2022 24.05 24.05 24.05 24.05 0.124 times
20 Wed Apr 2022 22.95 23.85 23.85 22.95 0.011 times
18 Mon Apr 2022 23.85 23.85 23.85 23.85 0.062 times
13 Wed Apr 2022 25.10 25.15 25.15 23.50 1.561 times
12 Tue Apr 2022 24.65 22.35 24.65 22.35 0.005 times
11 Mon Apr 2022 23.50 22.35 23.50 22.35 1.165 times
08 Fri Apr 2022 23.50 22.65 23.50 22.65 0.802 times
07 Thu Apr 2022 23.80 24.15 24.15 23.80 2.395 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 23.5, but if it comes above 23.5, then a intra day buy could be more profitable.
If you take a sell trade below 23.5, then use 23.5 as stoploss and 22.4 as target. However if you take a buy trade in stock , then use 23.5 as stoploss and 24.37 as target.

Share price targets for Shremetal (Shremetal)

Target Type Value
Downside Target 20.75
Downside Target 21.70
Downside Target 22.35
Upside Target 24.55
Upside Target 25.15
Upside Target 26.40
Upside Target 28.00
Upside Target 29.50
Upside Target 29.65
Upside Target 30.90

Intraday share price targets for Shremetal (Shremetal)

Target Type Value
Downside Intraday Target 23.35
Downside Intraday Target 23.35
Downside Intraday Target 23.35
Downside Intraday Target 23.35
Upside Intraday Target 23.35

Weekly technical analysis of Shremetal (Shremetal)

Date Weekly Closing Price Open High Low Volume
25 Mon Apr 2022 23.35 23.35 23.35 23.35 0.046 times
22 Fri Apr 2022 24.55 23.85 24.55 22.95 0.982 times
13 Wed Apr 2022 25.10 22.35 25.15 22.35 0.368 times
08 Fri Apr 2022 23.50 24.65 26.40 22.65 1.69 times
01 Fri Apr 2022 25.15 23.55 25.15 22.40 1.827 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 Mon Apr 2022 23.35 23.75 26.40 22.35 2.043 times
31 Thu Mar 2022 24.00 20.75 28.00 20.75 0.551 times
28 Mon Feb 2022 21.70 27.15 29.50 21.70 0.477 times
31 Mon Jan 2022 25.95 27.40 30.90 22.55 1.462 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Shremetal (Shremetal)

Indicator Name Indicator Value Indicator Signal
ADX 21, 31, 18 Sell
MACD -1, -0Sell
Stochastics 52None
CCI -65Sell
RSI 48Sell
OBV 3542Sell
VWAP 24Sell
ADL 0Sell
ROC -7Sell
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 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 Weak 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 stronger in this stock.

Ichimoku cloud is of red color and prices are below 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 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 24.18 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.

Click here for Shremetal charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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