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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 2023-05-25 View latest technical analysis

10 day averaged volume of Shremetal is 1188

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu May 2023	36.87	38.24	38.50	36.73	5.735 times
24 Wed May 2023	38.66	38.70	39.99	36.60	3.149 times
23 Tue May 2023	38.51	40.99	42.00	38.49	0.46 times
22 Mon May 2023	40.50	40.78	40.78	37.01	0.232 times
19 Fri May 2023	38.85	36.00	38.85	36.00	0.105 times
18 Thu May 2023	37.00	36.90	38.85	36.90	1.096 times
17 Wed May 2023	37.00	37.30	39.11	36.00	0.49 times
16 Tue May 2023	37.25	37.50	37.50	35.00	0.181 times
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	1.202 times

Stock of Shremetal (Shremetal) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 36.9, but if it comes above 36.9, then a intra day buy could be more profitable.
If you take a sell trade below 36.9, then use 36.9 as stoploss and 35.1 as target. However if you take a buy trade in stock , then use 36.9 as stoploss and 38.4 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	36.42
Upside Target	37.60
Upside Target	38.73
Upside Target	41.39
Upside Target	42.00
Upside Target	42.72
Upside Target	45.00
Upside Target	50.90

Intraday share price targets for Shremetal (Shremetal)

Target Type	Value
Downside Intraday Target	34.98
Downside Intraday Target	33.09
Upside Intraday Target	40.38
Upside Intraday Target	43.89
Upside Intraday Target	38.49

Weekly technical analysis of Shremetal (Shremetal)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu May 2023	36.87	40.78	42.00	36.60	4.444 times
19 Fri May 2023	38.85	38.90	39.11	35.00	0.284 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Shremetal (Shremetal)

Date	Monthly Closing Price	Open	High	Low	Volume
25 Thu May 2023	36.87	39.99	42.72	35.00	0.397 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Shremetal ( (Shremetal) ) based on a short to mid 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 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 Weak and stock is gaining momentum.

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

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. 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 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 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 37.52 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 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.