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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 2024-07-23 View latest technical analysis

10 day averaged volume of Shremetal is 952

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	39.00	38.70	39.00	36.72	0.505 times
22 Mon Jul 2024	38.65	37.50	38.65	37.00	0.631 times
19 Fri Jul 2024	37.00	37.00	37.00	37.00	0.021 times
18 Thu Jul 2024	37.87	37.00	38.89	37.00	0.246 times
16 Tue Jul 2024	38.81	37.00	38.81	37.00	0.511 times
15 Mon Jul 2024	37.00	35.78	39.38	35.78	2.215 times
12 Fri Jul 2024	37.65	39.54	39.54	37.65	0.053 times
11 Thu Jul 2024	39.62	35.92	39.62	35.92	0.359 times
10 Wed Jul 2024	37.79	35.29	37.80	34.22	3.395 times
09 Tue Jul 2024	36.01	36.51	37.50	35.00	1.838 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 38.9, but if it comes below 38.9, then a intra day sell could be more profitable.
If you take a sell trade below 38.9, then use 38.9 as stoploss and 37.72 as target. However if you take a buy trade in stock , then use 38.9 as stoploss and 40.4 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	36.51
Downside Target	37.99
Downside Target	39.00
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	37.48
Downside Intraday Target	35.96
Upside Intraday Target	39.76
Upside Intraday Target	40.52
Downside Intraday Target	38.24

Weekly technical analysis of Shremetal (Shremetal)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	39.00	37.50	39.00	36.72	0.38 times
19 Fri Jul 2024	37.00	35.78	39.38	35.78	0.469 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

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
23 Tue Jul 2024	39.00	36.72	40.90	34.22	1.406 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Shremetal stock for short term is BUY. Signal strength is Weak and stock is gaining 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 stronger in this stock.

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 but buying 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 37.51 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 positive

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