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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 2024-03-05 View latest technical analysis

10 day averaged volume of Shremetal is 642

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	33.49	30.35	33.51	30.35	0.857 times
04 Mon Mar 2024	31.93	33.59	34.90	31.92	0.542 times
02 Sat Mar 2024	33.59	33.59	33.59	33.59	0.002 times
01 Fri Mar 2024	32.00	32.00	32.00	32.00	0.779 times
29 Thu Feb 2024	32.00	30.00	32.00	30.00	0.558 times
28 Wed Feb 2024	31.10	32.00	32.56	31.09	0.787 times
27 Tue Feb 2024	32.71	32.55	32.75	32.55	3.882 times
26 Mon Feb 2024	32.70	31.21	32.70	31.00	0.299 times
23 Fri Feb 2024	32.62	33.95	33.95	31.51	0.815 times
22 Thu Feb 2024	32.80	32.80	32.80	32.80	0.132 times

My analysis of stock is bullish for shortterm, and stock might move up till 34 or till 35.2. Use a stoploss of 33.02 and if this stock hits its stoploss, then it can fall down till 32.03

Share price targets for Shremetal (Shremetal)

Target Type	Value
Downside Target	29.03
Downside Target	30.00
Downside Target	31.51
Upside Target	33.59
Upside Target	34.90
Upside Target	35.65
Upside Target	36.25
Upside Target	36.98
Upside Target	37.00
Upside Target	38.30
Upside Target	38.80

Intraday share price targets for Shremetal (Shremetal)

Target Type	Value
Downside Intraday Target	30.93
Downside Intraday Target	28.36
Upside Intraday Target	35.48
Upside Intraday Target	37.46
Downside Intraday Target	32.91

Weekly technical analysis of Shremetal (Shremetal)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	33.49	33.59	34.90	30.35	0.222 times
02 Sat Mar 2024	33.59	31.21	33.59	30.00	0.799 times
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

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
05 Tue Mar 2024	33.49	32.00	34.90	30.35	0.051 times
29 Thu Feb 2024	32.00	36.89	38.30	30.00	0.574 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

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 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 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 Strong and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

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

RSI is generating a SELL signal in short term but selling is losing 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 32.48 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 negative.

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