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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 2022-08-05 View latest technical analysis

10 day averaged volume of Shremetal is 764

Date Daily Closing Price Open High Low Volume
05 Fri Aug 2022 27.00 26.10 27.00 25.90 2.258 times
04 Thu Aug 2022 26.00 26.70 26.70 24.70 0.884 times
03 Wed Aug 2022 25.50 26.30 27.50 25.50 1.572 times
02 Tue Aug 2022 26.30 26.10 26.30 26.10 0.785 times
01 Mon Aug 2022 26.20 28.90 28.90 26.20 2.657 times
29 Fri Jul 2022 27.55 30.45 30.45 27.55 0.687 times
28 Thu Jul 2022 29.00 29.00 29.15 28.00 1.688 times
27 Wed Jul 2022 27.80 28.00 28.00 27.80 0.805 times
26 Tue Jul 2022 26.80 28.00 28.00 26.80 0.654 times
25 Mon Jul 2022 26.80 27.00 27.00 26.80 0.196 times

Stock of Shremetal (Shremetal) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 27.5 as stoploss in an intra day sell trade for a target of 26.11. However, stock will show a bullish move above 27.5.

Share price targets for Shremetal (Shremetal)

Target Type Value
Downside Target 22.35
Downside Target 23.75
Downside Target 24.25
Downside Target 25.25
Downside Target 25.90
Downside Target 26.40
Downside Target 26.80
Upside Target 27.65
Upside Target 28.90
Upside Target 30.45

Intraday share price targets for Shremetal (Shremetal)

Target Type Value
Downside Intraday Target 24.83
Downside Intraday Target 22.67
Upside Intraday Target 29.03
Upside Intraday Target 31.07
Downside Intraday Target 26.87

Weekly technical analysis of Shremetal (Shremetal)

Date Weekly Closing Price Open High Low Volume
05 Fri Aug 2022 27.00 28.90 28.90 24.70 2.023 times
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

Price has moved down 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
05 Fri Aug 2022 27.00 28.90 28.90 24.70 0.432 times
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

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 35, 16, 37 Buy
MACD 1, 1Sell
Stochastics 21Sell
CCI -41Buy
RSI 43Sell
OBV 10096Sell
VWAP 27Buy
ADL 0Sell
ROC 2Buy
Force Index 0Sell

Price action analysis of Shremetal ( (Shremetal) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Shremetal ( (Shremetal) ) based on a short 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.

Price action analysis of Shremetal ( (Shremetal) ) based on a short to mid 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

Price action analysis of Shremetal ( (Shremetal) ) based on a mid to longer term time period is

ADX buy sell signal for Shremetal stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Shremetal in short term but the sell 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

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

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 26.86 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.

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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