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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 2023-06-02 View latest technical analysis

10 day averaged volume of Shremetal is 1862

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Jun 2023	35.00	36.50	36.50	35.00	0.134 times
01 Thu Jun 2023	36.50	36.00	36.57	33.09	0.712 times
31 Wed May 2023	34.83	34.25	37.00	34.20	0.498 times
30 Tue May 2023	36.00	36.15	36.15	35.91	1.076 times
29 Mon May 2023	37.80	35.13	37.80	34.24	0.594 times
26 Fri May 2023	36.03	37.89	37.89	35.95	0.94 times
25 Thu May 2023	36.87	38.24	38.50	36.73	3.659 times
24 Wed May 2023	38.66	38.70	39.99	36.60	2.009 times
23 Tue May 2023	38.51	40.99	42.00	38.49	0.294 times
22 Mon May 2023	40.50	40.78	40.78	37.01	0.148 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 35.8, but if it comes above 35.8, then a intra day buy could be more profitable.
If you take a sell trade below 35.8, then use 35.8 as stoploss and 34.2 as target. However if you take a buy trade in stock , then use 35.8 as stoploss and 37.2 as target.

Share price targets for Shremetal (Shremetal)

Target Type	Value
Downside Target	25.66
Downside Target	26.60
Downside Target	33.09
Downside Target	34.20
Upside Target	35.95
Upside Target	37.60
Upside Target	37.80
Upside Target	39.11
Upside Target	41.39
Upside Target	42.00
Upside Target	42.72
Upside Target	50.90

Intraday share price targets for Shremetal (Shremetal)

Target Type	Value
Downside Intraday Target	32.79
Downside Intraday Target	30.59
Upside Intraday Target	37.5
Upside Intraday Target	40.01
Upside Intraday Target	35.3

Weekly technical analysis of Shremetal (Shremetal)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Jun 2023	35.00	35.13	37.80	33.09	0.428 times
26 Fri May 2023	36.03	40.78	42.00	35.95	5.128 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

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
02 Fri Jun 2023	35.00	36.00	36.57	33.09	0.051 times
31 Wed May 2023	34.83	39.99	42.72	34.20	0.489 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

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 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 Strong and stock is losing 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 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 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 37.06 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.