(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 2024-06-12 View latest technical analysis
10 day averaged volume of Shremetal is 1221
| Date | Daily Closing Price | Open | High | Low | Volume |
| 12 Wed Jun 2024 | 37.79 | 37.82 | 37.82 | 37.79 | 0.019 times |
| 11 Tue Jun 2024 | 36.03 | 35.50 | 37.35 | 33.82 | 0.305 times |
| 10 Mon Jun 2024 | 35.59 | 33.23 | 35.59 | 32.22 | 4.523 times |
| 07 Fri Jun 2024 | 33.91 | 32.35 | 33.91 | 32.35 | 0.471 times |
| 06 Thu Jun 2024 | 32.30 | 34.00 | 34.00 | 32.30 | 0.054 times |
| 05 Wed Jun 2024 | 34.00 | 33.00 | 34.00 | 32.55 | 0.025 times |
| 04 Tue Jun 2024 | 32.54 | 34.25 | 34.25 | 32.54 | 1.619 times |
| 03 Mon Jun 2024 | 34.25 | 34.00 | 34.25 | 34.00 | 0.187 times |
| 31 Fri May 2024 | 33.91 | 34.63 | 34.63 | 33.90 | 0.129 times |
| 30 Thu May 2024 | 33.95 | 35.68 | 37.00 | 33.91 | 2.006 times |
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 38.4, for a target of 36.6 or 35.09
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 | 33.00 |
| Downside Target | 33.90 |
| Downside Target | 36.64 |
| Upside Target | 37.80 |
| Upside Target | 37.82 |
| Upside Target | 38.30 |
| Upside Target | 40.00 |
| Upside Target | 46.26 |
Intraday share price targets for Shremetal (Shremetal)
| Target Type | Value |
| Downside Intraday Target | 34.07 |
| Downside Intraday Target | 30.34 |
| Upside Intraday Target | 39.67 |
| Upside Intraday Target | 41.54 |
| Downside Intraday Target | 35.94 |
Weekly technical analysis of Shremetal (Shremetal)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 12 Wed Jun 2024 | 37.79 | 33.23 | 37.82 | 32.22 | 2.057 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 |
| 18 Sat May 2024 | 34.23 | 34.20 | 36.64 | 33.00 | 0.15 times |
Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Shremetal (Shremetal)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 12 Wed Jun 2024 | 37.79 | 34.00 | 37.82 | 32.22 | 0.308 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 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 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.
Price action analysis of Shremetal ( (Shremetal) ) based on a short to mid 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 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 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 red color and prices are in or above the red 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 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 34.57 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 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.
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 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.
Price action analysis of Shremetal ( (Shremetal) ) based on a short to mid 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 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 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 red color and prices are in or above the red 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 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 34.57 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 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.
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