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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 2024-08-22 View latest technical analysis

10 day averaged volume of Shremetal is 253

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	40.33	39.89	40.51	39.89	2.585 times
21 Wed Aug 2024	41.90	39.89	42.00	39.89	2.229 times
20 Tue Aug 2024	39.89	39.89	39.89	39.89	0.004 times
16 Fri Aug 2024	37.38	41.50	41.50	37.38	2.004 times
14 Wed Aug 2024	41.50	43.90	44.80	41.50	4.996 times
13 Tue Aug 2024	43.99	40.70	43.99	40.70	0.107 times
12 Mon Aug 2024	40.80	41.20	41.20	40.80	0.063 times
08 Thu Aug 2024	41.20	41.20	41.20	41.20	0.134 times
06 Tue Aug 2024	39.18	39.96	41.36	38.36	0.206 times
05 Mon Aug 2024	40.36	41.10	41.10	40.36	0.245 times

Stock of Shremetal (Shremetal) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, and stock might move down till 39.3 or till 37.4. Use a stoploss of 40.8 and if the stock hits stoploss, then it can shoot up till 42.34

Share price targets for Shremetal (Shremetal)

Target Type	Value
Downside Target	26.52
Downside Target	31.75
Downside Target	34.22
Downside Target	36.72
Downside Target	38.36
Downside Target	39.66
Upside Target	41.20
Upside Target	42.00
Upside Target	42.50
Upside Target	44.80
Upside Target	46.26

Intraday share price targets for Shremetal (Shremetal)

Target Type	Value
Downside Intraday Target	39.48
Downside Intraday Target	38.63
Upside Intraday Target	41.59
Upside Intraday Target	42.85
Upside Intraday Target	40.74

Weekly technical analysis of Shremetal (Shremetal)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	40.33	39.89	42.00	39.89	0.672 times
16 Fri Aug 2024	37.38	41.20	44.80	37.38	12.257 times
08 Thu Aug 2024	41.20	41.10	41.36	38.36	0.048 times
02 Fri Aug 2024	42.40	42.50	42.50	38.40	0.74 times
26 Fri Jul 2024	41.20	37.50	41.20	36.72	1.456 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
22 Thu Aug 2024	40.33	40.40	44.80	37.38	0.147 times
31 Wed Jul 2024	40.40	36.72	42.50	34.22	1.805 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

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 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 term time period is neutral. A longer time frame might give a better analysis.

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

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 but the sell signal is initial and weak.

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green 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 40.63 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 positive

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