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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 2023-01-05 View latest technical analysis

10 day averaged volume of Shremetal is 396

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Jan 2023	33.25	33.30	33.30	33.25	0.109 times
04 Wed Jan 2023	31.80	33.35	33.35	31.70	2.197 times
03 Tue Jan 2023	33.35	30.40	33.35	30.40	0.533 times
02 Mon Jan 2023	31.90	29.05	31.95	29.05	0.275 times
30 Fri Dec 2022	30.50	30.50	30.50	30.50	1.707 times
29 Thu Dec 2022	32.05	32.05	32.05	29.50	1.301 times
28 Wed Dec 2022	30.60	30.60	30.60	28.00	1.24 times
27 Tue Dec 2022	29.20	26.60	29.20	26.60	0.508 times
26 Mon Dec 2022	27.90	27.90	27.90	25.40	1.005 times
23 Fri Dec 2022	26.65	29.35	29.35	26.65	1.025 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 33.8, for a target of 31.6 or 29.65

Share price targets for Shremetal (Shremetal)

Target Type	Value
Downside Target	25.30
Downside Target	26.50
Downside Target	27.85
Downside Target	29.05
Downside Target	30.90
Downside Target	32.05
Downside Target	32.25
Upside Target	33.30
Upside Target	33.35
Upside Target	37.40

Intraday share price targets for Shremetal (Shremetal)

Target Type	Value
Downside Intraday Target	30.42
Downside Intraday Target	27.58
Upside Intraday Target	34.72
Upside Intraday Target	36.18
Downside Intraday Target	31.88

Weekly technical analysis of Shremetal (Shremetal)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Jan 2023	33.25	29.05	33.35	29.05	0.541 times
30 Fri Dec 2022	30.50	27.90	32.05	25.40	3.164 times
23 Fri Dec 2022	26.65	29.50	30.90	26.65	0.396 times
16 Fri Dec 2022	29.50	27.95	29.50	26.70	0.752 times
09 Fri Dec 2022	27.95	30.90	32.25	26.65	1.161 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
05 Thu Jan 2023	33.25	29.05	33.35	29.05	0.142 times
30 Fri Dec 2022	30.50	29.65	32.25	25.40	0.67 times
30 Wed Nov 2022	28.30	32.90	37.40	26.50	0.599 times
31 Mon Oct 2022	31.40	30.50	33.30	27.85	0.53 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)

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 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 30.5 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.