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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 2022-07-29 View latest technical analysis

10 day averaged volume of Shremetal is 1218

Date Daily Closing Price Open High Low Volume
29 Fri Jul 2022 27.55 30.45 30.45 27.55 0.431 times
28 Thu Jul 2022 29.00 29.00 29.15 28.00 1.059 times
27 Wed Jul 2022 27.80 28.00 28.00 27.80 0.505 times
26 Tue Jul 2022 26.80 28.00 28.00 26.80 0.411 times
25 Mon Jul 2022 26.80 27.00 27.00 26.80 0.123 times
22 Fri Jul 2022 26.40 26.40 26.40 26.40 0.041 times
21 Thu Jul 2022 27.20 26.40 27.65 26.40 1.365 times
20 Wed Jul 2022 27.05 25.90 27.65 25.90 1.847 times
19 Tue Jul 2022 26.45 26.25 26.45 26.00 2.053 times
18 Mon Jul 2022 25.25 25.50 25.85 25.25 0.87 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 27.2, but if it comes below 27.2, then a intra day sell could be more profitable.
If you take a sell trade below 27.2, then use 27.2 as stoploss and 25.45 as target. However if you take a buy trade in stock , then use 27.2 as stoploss and 29.3 as target.

Share price targets for Shremetal (Shremetal)

Target Type Value
Downside Target 20.75
Downside Target 22.35
Downside Target 23.75
Downside Target 25.25
Downside Target 25.90
Downside Target 26.25
Downside Target 26.40
Downside Target 26.80
Upside Target 27.65
Upside Target 28.00
Upside Target 30.45

Intraday share price targets for Shremetal (Shremetal)

Target Type Value
Downside Intraday Target 26.08
Downside Intraday Target 24.62
Upside Intraday Target 29.73
Upside Intraday Target 31.92
Upside Intraday Target 28.27

Weekly technical analysis of Shremetal (Shremetal)

Date Weekly Closing Price Open High Low Volume
29 Fri Jul 2022 27.55 27.00 30.45 26.80 0.409 times
22 Fri Jul 2022 26.40 25.50 27.65 25.25 2.196 times
14 Thu Jul 2022 24.80 25.45 25.90 23.05 11.417 times
08 Fri Jul 2022 24.25 23.75 24.25 23.75 1 times
01 Fri Jul 2022 23.05 24.10 24.10 23.05 1.765 times

Price has moved up 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
29 Fri Jul 2022 27.55 23.05 30.45 23.05 7.67 times
30 Thu Jun 2022 24.05 25.00 26.25 23.10 0.704 times
31 Tue May 2022 25.00 22.80 26.25 22.65 0.205 times
29 Fri Apr 2022 24.00 23.75 26.40 22.35 2.283 times

Scroll below to view daily charts

Price has moved up 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 48, 7, 76 Buy
MACD 2, 1Buy
Stochastics 78Buy
CCI 122Sell
RSI 46Sell
OBV 10927Sell
VWAP 27Buy
ADL 0Sell
ROC 11Buy
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 and the buy signal is strong.

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Shremetal in short term but SELL signal is weak.

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

MRSI is in negative zone. This is the SELL 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 27.04 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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