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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 2022-09-20 View latest technical analysis

10 day averaged volume of Shremetal is 2060

Date Daily Closing Price Open High Low Volume
20 Tue Sep 2022 28.50 28.25 28.50 28.25 1.35 times
19 Mon Sep 2022 27.50 27.65 27.65 25.90 0.871 times
16 Fri Sep 2022 26.90 26.30 27.70 26.30 0.809 times
15 Thu Sep 2022 27.10 27.00 27.10 25.30 1.513 times
14 Wed Sep 2022 26.10 26.70 28.00 25.50 1.39 times
13 Tue Sep 2022 26.70 26.25 28.30 26.25 0.341 times
12 Mon Sep 2022 27.50 27.50 27.50 27.30 1.068 times
09 Fri Sep 2022 27.50 27.50 27.50 27.50 0.777 times
08 Thu Sep 2022 28.00 27.75 28.00 27.75 1.181 times
07 Wed Sep 2022 27.50 26.95 27.50 26.40 1.016 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 28.6, for a target of 27.6 or 26.81

Share price targets for Shremetal (Shremetal)

Target Type Value
Downside Target 22.65
Downside Target 24.70
Downside Target 26.25
Downside Target 28.00
Downside Target 28.05
Downside Target 28.30
Downside Target 28.50
Upside Target 29.40
Upside Target 30.45
Upside Target 31.70

Intraday share price targets for Shremetal (Shremetal)

Target Type Value
Downside Intraday Target 26.77
Downside Intraday Target 25.03
Upside Intraday Target 29.37
Upside Intraday Target 30.23
Downside Intraday Target 27.63

Weekly technical analysis of Shremetal (Shremetal)

Date Weekly Closing Price Open High Low Volume
20 Tue Sep 2022 28.50 27.65 28.50 25.90 0.434 times
16 Fri Sep 2022 26.90 27.50 28.30 25.30 1.056 times
09 Fri Sep 2022 27.50 26.00 28.00 26.00 1.654 times
02 Fri Sep 2022 26.25 26.65 28.05 25.60 0.98 times
26 Fri Aug 2022 26.95 29.40 29.40 25.00 1.321 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
20 Tue Sep 2022 28.50 27.05 28.50 25.30 1.216 times
29 Mon Aug 2022 25.80 28.90 31.70 24.70 1.662 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

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 20, 22, 5 Sell
MACD 0, 0Buy
Stochastics 76Buy
CCI 172Buy
RSI 53Buy
OBV 1686Sell
VWAP 27Buy
ADL 0Sell
ROC 6Buy
Force Index 0Sell

Price action analysis of Shremetal ( (Shremetal) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Shremetal stock for short term is SELL. Signal strength is Weak and stock is losing 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 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 27.37 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

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Daily charts

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Daily chart

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