(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 2023-01-11 View latest technical analysis
10 day averaged volume of Shremetal is 347
| Date | Daily Closing Price | Open | High | Low | Volume |
| 11 Wed Jan 2023 | 34.70 | 31.45 | 34.70 | 31.45 | 0.014 times |
| 10 Tue Jan 2023 | 33.10 | 33.10 | 33.10 | 33.10 | 1.441 times |
| 09 Mon Jan 2023 | 33.10 | 34.70 | 34.70 | 33.10 | 0.124 times |
| 06 Fri Jan 2023 | 34.80 | 34.85 | 34.85 | 34.80 | 0.046 times |
| 05 Thu Jan 2023 | 33.25 | 33.30 | 33.30 | 33.25 | 0.124 times |
| 04 Wed Jan 2023 | 31.80 | 33.35 | 33.35 | 31.70 | 2.507 times |
| 03 Tue Jan 2023 | 33.35 | 30.40 | 33.35 | 30.40 | 0.608 times |
| 02 Mon Jan 2023 | 31.90 | 29.05 | 31.95 | 29.05 | 0.314 times |
| 30 Fri Dec 2022 | 30.50 | 30.50 | 30.50 | 30.50 | 1.948 times |
| 29 Thu Dec 2022 | 32.05 | 32.05 | 32.05 | 29.50 | 1.484 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 33.2, but if it comes below 33.2, then a intra day sell could be more profitable.
If you take a sell trade below 33.2, then use 33.2 as stoploss and 30.78 as target. However if you take a buy trade in stock , then use 33.2 as stoploss and 36 as target.
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 |
| Downside Target | 33.30 |
| Downside Target | 34.70 |
| Upside Target | 34.85 |
| Upside Target | 37.40 |
Intraday share price targets for Shremetal (Shremetal)
| Target Type | Value |
| Downside Intraday Target | 32.53 |
| Downside Intraday Target | 30.37 |
| Upside Intraday Target | 35.78 |
| Upside Intraday Target | 36.87 |
| Downside Intraday Target | 33.62 |
Weekly technical analysis of Shremetal (Shremetal)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 11 Wed Jan 2023 | 34.70 | 34.70 | 34.70 | 31.45 | 0.439 times |
| 06 Fri Jan 2023 | 34.80 | 29.05 | 34.85 | 29.05 | 0.548 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 |
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 |
| 11 Wed Jan 2023 | 34.70 | 29.05 | 34.85 | 29.05 | 0.207 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 | 0.617 times |
| 31 Mon Oct 2022 | 31.40 | 30.50 | 33.30 | 27.85 | 0.514 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 | 21, 25, 7 | Sell |
| MACD | 2, 2 | Buy |
| Stochastics | 84 | Buy |
| CCI | 62 | Buy |
| RSI | 52 | Buy |
| OBV | -344 | Sell |
| VWAP | 32 | Buy |
| ADL | 0 | Sell |
| ROC | 13 | Buy |
| Force Index | 0 | Sell |
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 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 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 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 tired and bears 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 and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining 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 31.94 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