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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 2024-02-23 View latest technical analysis

10 day averaged volume of Shremetal is 874

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	32.62	33.95	33.95	31.51	0.598 times
22 Thu Feb 2024	32.80	32.80	32.80	32.80	0.097 times
21 Wed Feb 2024	32.80	32.91	34.87	32.80	1.625 times
20 Tue Feb 2024	34.52	34.96	34.96	31.92	1.736 times
19 Mon Feb 2024	33.59	37.00	37.00	33.59	1.74 times
16 Fri Feb 2024	35.35	35.55	35.55	32.25	3.641 times
15 Thu Feb 2024	33.90	32.30	33.90	32.30	0.297 times
14 Wed Feb 2024	32.30	34.12	34.12	32.30	0.014 times
13 Tue Feb 2024	32.50	33.15	34.12	32.00	0.492 times
12 Mon Feb 2024	32.50	35.65	35.65	32.50	0.003 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 32.9, but if it comes above 32.9, then a intra day buy could be more profitable.
If you take a sell trade below 32.9, then use 32.9 as stoploss and 31.3 as target. However if you take a buy trade in stock , then use 32.9 as stoploss and 34.32 as target.

Share price targets for Shremetal (Shremetal)

Target Type	Value
Downside Target	27.12
Downside Target	29.03
Downside Target	30.00
Downside Target	31.51
Upside Target	33.60
Upside Target	35.65
Upside Target	36.25
Upside Target	36.98
Upside Target	37.00
Upside Target	37.20
Upside Target	38.30
Upside Target	38.80

Intraday share price targets for Shremetal (Shremetal)

Target Type	Value
Downside Intraday Target	30.42
Downside Intraday Target	28.22
Upside Intraday Target	35.91
Upside Intraday Target	39.2
Upside Intraday Target	33.71

Weekly technical analysis of Shremetal (Shremetal)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	32.62	37.00	37.00	31.51	1.303 times
16 Fri Feb 2024	35.35	35.65	35.65	32.00	0.363 times
09 Fri Feb 2024	34.00	35.23	38.30	33.97	0.967 times
02 Fri Feb 2024	35.95	37.20	37.20	33.60	4.32 times
25 Thu Jan 2024	35.49	34.95	35.69	32.65	0.242 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
23 Fri Feb 2024	32.62	36.89	38.30	31.51	0.5 times
31 Wed Jan 2024	35.15	37.50	38.80	32.30	4.342 times
29 Fri Dec 2023	35.99	30.00	36.98	30.00	0.384 times
30 Thu Nov 2023	31.47	29.20	36.25	29.03	3.061 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Shremetal stock for short term is SELL. Signal strength is Weak and stock is gaining 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 SELL signal for Shremetal in short term and SELL 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 34.14 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.