Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-07-16 View latest technical analysis

10 day averaged volume of Shremetal is 1429

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	38.81	37.00	38.81	37.00	0.34 times
15 Mon Jul 2024	37.00	35.78	39.38	35.78	1.476 times
12 Fri Jul 2024	37.65	39.54	39.54	37.65	0.035 times
11 Thu Jul 2024	39.62	35.92	39.62	35.92	0.239 times
10 Wed Jul 2024	37.79	35.29	37.80	34.22	2.262 times
09 Tue Jul 2024	36.01	36.51	37.50	35.00	1.225 times
08 Mon Jul 2024	36.51	36.51	38.30	36.51	0.489 times
05 Fri Jul 2024	36.51	39.15	39.15	36.51	0.178 times
04 Thu Jul 2024	38.35	40.24	40.24	38.30	0.534 times
03 Wed Jul 2024	40.24	40.90	40.90	37.05	0.767 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 38.8, but if it comes below 38.8, then a intra day sell could be more profitable.
If you take a sell trade below 38.8, then use 38.8 as stoploss and 37.58 as target. However if you take a buy trade in stock , then use 38.8 as stoploss and 40.2 as target.

Share price targets for Shremetal (Shremetal)

Target Type	Value
Downside Target	26.52
Downside Target	27.18
Downside Target	31.75
Downside Target	34.22
Downside Target	35.64
Downside Target	37.99
Upside Target	39.38
Upside Target	39.62
Upside Target	39.66
Upside Target	40.00
Upside Target	40.90
Upside Target	46.26

Intraday share price targets for Shremetal (Shremetal)

Target Type	Value
Downside Intraday Target	36.6
Downside Intraday Target	34.39
Upside Intraday Target	40.2
Upside Intraday Target	41.59
Downside Intraday Target	37.99

Weekly technical analysis of Shremetal (Shremetal)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	38.81	35.78	39.38	35.78	0.427 times
12 Fri Jul 2024	37.65	36.51	39.62	34.22	0.626 times
05 Fri Jul 2024	36.51	36.72	40.90	36.51	2.929 times
28 Fri Jun 2024	36.00	37.69	37.99	35.64	1.89 times
21 Fri Jun 2024	37.69	37.10	38.66	36.10	0.288 times

Price has moved up 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
16 Tue Jul 2024	38.81	36.72	40.90	34.22	1.311 times
28 Fri Jun 2024	36.00	34.00	39.66	32.22	0.492 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

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 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 SELL. 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 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 tired and bears are picking up momentum.

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

CCI has generated a buy signal for Shremetal in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 37.63 and Shremetal (Shremetal) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 positive

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