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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 2024-06-18 View latest technical analysis

10 day averaged volume of Shremetal is 895

Date	Daily Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	37.90	37.10	38.00	37.10	0.55 times
14 Fri Jun 2024	39.00	39.66	39.66	39.00	0.087 times
13 Thu Jun 2024	39.00	39.66	39.66	39.00	0.087 times
12 Wed Jun 2024	37.79	37.82	37.82	37.79	0.026 times
11 Tue Jun 2024	36.03	35.50	37.35	33.82	0.416 times
10 Mon Jun 2024	35.59	33.23	35.59	32.22	6.17 times
07 Fri Jun 2024	33.91	32.35	33.91	32.35	0.642 times
06 Thu Jun 2024	32.30	34.00	34.00	32.30	0.074 times
05 Wed Jun 2024	34.00	33.00	34.00	32.55	0.034 times
04 Tue Jun 2024	32.54	34.25	34.25	32.54	2.209 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 37.5, but if it comes below 37.5, then a intra day sell could be more profitable.
If you take a sell trade below 37.5, then use 37.5 as stoploss and 35.6 as target. However if you take a buy trade in stock , then use 37.5 as stoploss and 39.9 as target.

Share price targets for Shremetal (Shremetal)

Target Type	Value
Downside Target	26.52
Downside Target	27.18
Downside Target	30.00
Downside Target	31.75
Downside Target	33.90
Downside Target	37.00
Downside Target	37.80
Upside Target	38.00
Upside Target	38.30
Upside Target	39.66
Upside Target	40.00
Upside Target	46.26

Intraday share price targets for Shremetal (Shremetal)

Target Type	Value
Downside Intraday Target	37.33
Downside Intraday Target	36.77
Upside Intraday Target	38.23
Upside Intraday Target	38.57
Downside Intraday Target	37.67

Weekly technical analysis of Shremetal (Shremetal)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	37.90	37.10	38.00	37.10	0.081 times
14 Fri Jun 2024	39.00	33.23	39.66	32.22	2.112 times
07 Fri Jun 2024	33.91	34.00	34.25	32.30	0.35 times
31 Fri May 2024	33.91	37.00	37.00	33.90	0.812 times
24 Fri May 2024	37.50	35.94	37.80	34.16	8.084 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
18 Tue Jun 2024	37.90	34.00	39.66	32.22	0.331 times
31 Fri May 2024	33.91	39.00	40.00	31.75	0.422 times
30 Tue Apr 2024	39.00	27.43	46.26	26.52	8.414 times
28 Thu Mar 2024	28.86	32.00	34.90	27.18	0.295 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 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.

Price action analysis of Shremetal ( (Shremetal) ) based on a short to mid 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.

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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Shremetal in short term and the buy signal is strong.

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

Shremetal Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

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 35.01 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.