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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 2022-09-30 View latest technical analysis

10 day averaged volume of Shremetal is 1644

Date Daily Closing Price Open High Low Volume
30 Fri Sep 2022 29.10 29.00 29.10 28.90 0.931 times
29 Thu Sep 2022 28.70 27.50 28.70 27.50 0.913 times
28 Wed Sep 2022 27.50 27.80 27.80 27.50 1.002 times
27 Tue Sep 2022 27.00 28.80 28.80 27.00 0.244 times
26 Mon Sep 2022 27.50 27.45 27.50 27.00 0.937 times
23 Fri Sep 2022 27.55 27.50 28.50 27.50 1.095 times
22 Thu Sep 2022 28.35 29.50 29.50 28.00 1.369 times
21 Wed Sep 2022 29.25 29.85 29.85 27.15 0.645 times
20 Tue Sep 2022 28.50 28.25 28.50 28.25 1.691 times
19 Mon Sep 2022 27.50 27.65 27.65 25.90 1.092 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 29.4, for a target of 28.4 or 27.56

Share price targets for Shremetal (Shremetal)

Target Type Value
Downside Target 22.65
Downside Target 24.70
Downside Target 25.30
Downside Target 27.00
Downside Target 28.00
Downside Target 28.05
Downside Target 28.30
Downside Target 29.10
Upside Target 29.85
Upside Target 30.45
Upside Target 31.70

Intraday share price targets for Shremetal (Shremetal)

Target Type Value
Downside Intraday Target 27.7
Downside Intraday Target 26.3
Upside Intraday Target 29.8
Upside Intraday Target 30.5
Downside Intraday Target 28.4

Weekly technical analysis of Shremetal (Shremetal)

Date Weekly Closing Price Open High Low Volume
30 Fri Sep 2022 29.10 27.45 29.10 27.00 0.683 times
23 Fri Sep 2022 27.55 27.65 29.85 25.90 0.918 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

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
30 Fri Sep 2022 29.10 27.05 29.85 25.30 1.705 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, 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 32, 16, 34 Buy
MACD 1, 1Buy
Stochastics 67None
CCI 114Buy
RSI 54Buy
OBV 2491Sell
VWAP 28Buy
ADL 0Sell
ROC 8Buy
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 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 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 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 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 but buying is losing 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 28.16 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 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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