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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 2024-10-25 View latest technical analysis

10 day averaged volume of Shremetal is 1610

Date	Daily Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	37.34	40.10	40.10	35.05	2.201 times
24 Thu Oct 2024	40.14	41.20	41.20	39.00	2.752 times
23 Wed Oct 2024	39.89	39.90	39.90	38.80	0.111 times
22 Tue Oct 2024	37.09	40.20	40.20	37.02	0.343 times
21 Mon Oct 2024	40.40	38.38	41.00	38.00	0.172 times
18 Fri Oct 2024	38.38	36.25	40.70	36.25	0.488 times
17 Thu Oct 2024	38.00	37.85	41.90	37.85	0.578 times
16 Wed Oct 2024	37.10	38.22	38.22	37.05	4.018 times
15 Tue Oct 2024	38.22	45.00	45.00	36.01	1.011 times
11 Fri Oct 2024	38.76	37.00	38.76	35.00	0.288 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, but trade for tomorrow is selective. Take a sell trade only if stock stays below 38.1, but if it comes above 38.1, then a intra day buy could be more profitable.
If you take a sell trade below 38.1, then use 38.1 as stoploss and 36.6 as target. However if you take a buy trade in stock , then use 38.1 as stoploss and 39.38 as target.

Share price targets for Shremetal (Shremetal)

Target Type	Value
Downside Target	32.22
Downside Target	34.22
Downside Target	35.00
Downside Target	36.01
Upside Target	38.00
Upside Target	39.66
Upside Target	40.92
Upside Target	42.00
Upside Target	42.50
Upside Target	44.80
Upside Target	45.00
Upside Target	50.57

Intraday share price targets for Shremetal (Shremetal)

Target Type	Value
Downside Intraday Target	34.53
Downside Intraday Target	31.71
Upside Intraday Target	40.68
Upside Intraday Target	44.01
Upside Intraday Target	37.86

Weekly technical analysis of Shremetal (Shremetal)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	37.34	38.38	41.20	35.05	0.915 times
18 Fri Oct 2024	38.38	45.00	45.00	36.01	8.273 times
11 Fri Oct 2024	38.76	40.92	40.92	35.00	0.139 times
03 Thu Oct 2024	40.94	38.00	42.00	38.00	0.313 times
27 Fri Sep 2024	40.00	38.68	41.73	36.31	0.19 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
25 Fri Oct 2024	37.34	39.55	45.00	35.00	0.152 times
30 Mon Sep 2024	39.50	37.91	50.57	36.11	14.601 times
30 Fri Aug 2024	38.68	40.40	44.80	35.00	0.49 times
31 Wed Jul 2024	40.40	36.72	42.50	34.22	1.805 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 and the sell signal is strong.

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 red color and prices are below the red 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 SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Shremetal is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 38.15 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 negative.

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