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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 2023-05-15 View latest technical analysis

10 day averaged volume of Shremetal is 1189

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon May 2023	36.00	38.90	38.90	35.85	0.283 times
12 Fri May 2023	37.65	35.00	37.75	35.00	1.201 times
11 Thu May 2023	36.30	35.70	37.50	35.70	2.802 times
10 Wed May 2023	37.54	35.20	38.00	35.20	2.435 times
09 Tue May 2023	37.00	40.00	40.00	37.00	0.156 times
08 Mon May 2023	38.70	41.39	41.39	38.44	0.983 times
05 Fri May 2023	40.40	40.40	40.40	38.10	0.28 times
04 Thu May 2023	40.00	38.00	41.00	37.60	0.588 times
03 Wed May 2023	39.55	42.40	42.72	39.55	0.45 times
02 Tue May 2023	40.70	39.99	40.70	39.99	0.424 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 37.3, but if it comes above 37.3, then a intra day buy could be more profitable.
If you take a sell trade below 37.3, then use 37.3 as stoploss and 32.2 as target. However if you take a buy trade in stock , then use 37.3 as stoploss and 41.44 as target.

Share price targets for Shremetal (Shremetal)

Target Type	Value
Downside Target	25.66
Downside Target	26.60
Downside Target	29.05
Downside Target	34.35
Downside Target	35.85
Upside Target	37.60
Upside Target	38.73
Upside Target	41.39
Upside Target	42.72
Upside Target	44.70
Upside Target	45.00
Upside Target	50.90

Intraday share price targets for Shremetal (Shremetal)

Target Type	Value
Downside Intraday Target	34.93
Downside Intraday Target	33.87
Upside Intraday Target	37.98
Upside Intraday Target	39.97
Upside Intraday Target	36.92

Weekly technical analysis of Shremetal (Shremetal)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon May 2023	36.00	38.90	38.90	35.85	0.037 times
12 Fri May 2023	37.65	41.39	41.39	35.00	4.351 times
05 Fri May 2023	40.40	39.99	42.72	37.60	0.164 times
28 Fri Apr 2023	38.85	42.48	45.00	38.73	0.57 times
21 Fri Apr 2023	44.70	49.61	50.90	44.70	0.948 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
15 Mon May 2023	36.00	39.99	42.72	35.00	0.181 times
28 Fri Apr 2023	38.85	37.97	50.90	34.50	4.151 times
31 Fri Mar 2023	36.17	26.52	36.42	25.66	3.102 times
28 Tue Feb 2023	27.90	28.55	34.35	26.60	0.599 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)

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 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 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 SELL signal for Shremetal in short term but the sell signal is initial and weak.

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 green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a buy signal for Shremetal in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 37.72 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.