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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 2022-05-05 View latest technical analysis

10 day averaged volume of Shremetal is 496

Date Daily Closing Price Open High Low Volume
05 Thu May 2022 21.70 21.75 21.75 21.70 2.02 times
04 Wed May 2022 22.80 22.80 22.80 22.80 0.153 times
29 Fri Apr 2022 24.00 25.00 25.00 24.00 1.613 times
27 Wed Apr 2022 23.85 23.50 23.85 22.75 0.841 times
26 Tue Apr 2022 23.85 23.85 23.85 23.35 0.308 times
25 Mon Apr 2022 23.35 23.35 23.35 23.35 0.202 times
22 Fri Apr 2022 24.55 24.55 24.55 24.55 4.034 times
21 Thu Apr 2022 24.05 24.05 24.05 24.05 0.202 times
20 Wed Apr 2022 22.95 23.85 23.85 22.95 0.018 times
18 Mon Apr 2022 23.85 23.85 23.85 23.85 0.101 times

Stock of Shremetal (Shremetal) has showed a significant fall. This could be a good time to exit from this stock.

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 21.9, for a target of 23.1 or 24.06

Share price targets for Shremetal (Shremetal)

Target Type Value
Downside Target 20.75
Downside Target 21.70
Upside Target 22.35
Upside Target 24.55
Upside Target 25.00
Upside Target 25.15
Upside Target 26.40
Upside Target 28.00
Upside Target 29.50
Upside Target 30.90

Intraday share price targets for Shremetal (Shremetal)

Target Type Value
Downside Intraday Target 21.33
Downside Intraday Target 20.97
Upside Intraday Target 22.43
Upside Intraday Target 23.17
Upside Intraday Target 22.07

Weekly technical analysis of Shremetal (Shremetal)

Date Weekly Closing Price Open High Low Volume
05 Thu May 2022 21.70 22.80 22.80 21.70 0.733 times
29 Fri Apr 2022 24.00 23.35 25.00 22.75 0.681 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

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
05 Thu May 2022 21.70 22.80 22.80 21.70 0.083 times
29 Fri Apr 2022 24.00 23.75 26.40 22.35 2.283 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

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 25, 43, 27 Sell
MACD -1, -1Sell
Stochastics 20Sell
CCI -203Sell
RSI 44Sell
OBV 4134Sell
VWAP 24Sell
ADL 0Sell
ROC -14Sell
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 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 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 23.69 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

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Daily charts

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Daily chart

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