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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 2022-11-29 View latest technical analysis

10 day averaged volume of Shremetal is 413

Date Daily Closing Price Open High Low Volume
29 Tue Nov 2022 27.00 27.00 27.80 27.00 1.259 times
28 Mon Nov 2022 26.50 26.50 29.00 26.50 0.087 times
25 Fri Nov 2022 27.80 27.80 27.80 27.80 0.225 times
24 Thu Nov 2022 27.80 27.80 27.80 27.80 0.15 times
23 Wed Nov 2022 27.80 27.90 27.90 27.80 0.615 times
22 Tue Nov 2022 26.65 29.35 29.35 26.65 2.552 times
21 Mon Nov 2022 28.00 28.05 28.05 28.00 0.896 times
18 Fri Nov 2022 28.05 30.40 30.40 27.60 1.492 times
17 Thu Nov 2022 29.00 29.05 31.90 29.00 2.215 times
16 Wed Nov 2022 30.50 33.60 33.60 30.50 1.341 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 27.5, but if it comes above 27.5, then a intra day buy could be more profitable.
If you take a sell trade below 27.5, then use 27.5 as stoploss and 23.2 as target. However if you take a buy trade in stock , then use 27.5 as stoploss and 31.02 as target.

Share price targets for Shremetal (Shremetal)

Target Type Value
Downside Target 23.05
Downside Target 24.70
Downside Target 25.30
Downside Target 26.50
Upside Target 27.60
Upside Target 29.00
Upside Target 30.45
Upside Target 31.40
Upside Target 32.25
Upside Target 33.30
Upside Target 33.80
Upside Target 37.35
Upside Target 37.40

Intraday share price targets for Shremetal (Shremetal)

Target Type Value
Downside Intraday Target 26
Downside Intraday Target 25
Upside Intraday Target 28.5
Upside Intraday Target 30
Upside Intraday Target 27.5

Weekly technical analysis of Shremetal (Shremetal)

Date Weekly Closing Price Open High Low Volume
29 Tue Nov 2022 27.00 26.50 29.00 26.50 0.303 times
25 Fri Nov 2022 27.80 28.05 29.35 26.65 0.548 times
18 Fri Nov 2022 28.05 30.75 33.80 27.60 0.696 times
11 Fri Nov 2022 32.25 36.95 37.40 32.25 1.47 times
04 Fri Nov 2022 36.95 33.30 37.35 31.40 2.385 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
29 Tue Nov 2022 27.00 32.90 37.40 26.50 0.612 times
31 Mon Oct 2022 31.40 30.50 33.30 27.85 0.514 times
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

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 10, 32, 54 Sell
MACD -2, -1Sell
Stochastics 8Sell
CCI -73Sell
RSI 47Sell
OBV -2218Sell
VWAP 28Sell
ADL 0Sell
ROC -16Sell
Force Index 0Sell

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 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 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 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 below the red cloud Prices appear to be moving up

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

Although the stock is in the BUY zone, but buying 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 28.06 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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