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(SMLT_BE) Sarthak Metals complete technical analysis [charts+indicators] | Buy/Sell Sarthak Metals | (SMLT_BE) share price targets

Complete technical analysis of Sarthak Metals (SMLT_BE) by charts plus indicators, forecast predictions and share price targets for Sarthak Metals (SMLT_BE)

Showing technical analysis as on 2024-04-25 View latest technical analysis

10 day averaged volume of Sarthak Metals is 19700

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	232.80	231.40	234.50	229.00	0.694 times
24 Wed Apr 2024	231.45	230.65	235.00	226.50	0.57 times
23 Tue Apr 2024	230.65	232.30	232.30	228.00	0.71 times
22 Mon Apr 2024	233.75	229.85	235.55	222.50	0.723 times
19 Fri Apr 2024	228.60	226.00	230.00	220.15	1.035 times
18 Thu Apr 2024	228.30	219.70	228.80	214.00	2.358 times
16 Tue Apr 2024	217.95	213.30	220.00	208.00	1.01 times
15 Mon Apr 2024	213.30	215.60	222.85	212.35	1.329 times
12 Fri Apr 2024	223.50	222.00	223.90	220.00	0.396 times
10 Wed Apr 2024	222.15	223.75	225.00	218.40	0.736 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 229.9, but if it comes below 229.9, then a intra day sell could be more profitable.
If you take a sell trade below 229.9, then use 229.9 as stoploss and 224.19 as target. However if you take a buy trade in stock , then use 229.9 as stoploss and 236.7 as target.

Share price targets for Sarthak Metals (SMLT_BE)

Target Type	Value
Downside Target	204.00
Downside Target	216.55
Upside Target	234.75
Upside Target	235.00
Upside Target	235.55
Upside Target	240.00
Upside Target	267.00
Upside Target	272.95
Upside Target	276.00
Upside Target	299.75

Intraday share price targets for Sarthak Metals (SMLT_BE)

Target Type	Value
Downside Intraday Target	225.02
Downside Intraday Target	217.23
Upside Intraday Target	238.07
Upside Intraday Target	243.33
Downside Intraday Target	230.28

Weekly technical analysis of Sarthak Metals (SMLT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	232.80	229.85	235.55	222.50	0.47 times
19 Fri Apr 2024	228.60	215.60	230.00	208.00	1.33 times
12 Fri Apr 2024	223.50	222.05	235.00	218.00	0.868 times
05 Fri Apr 2024	223.95	222.95	234.75	220.00	0.871 times
28 Thu Mar 2024	222.95	210.00	233.50	207.85	1.368 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 Sarthak Metals (SMLT_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	232.80	222.95	235.55	208.00	0.769 times
28 Thu Mar 2024	222.95	249.45	267.00	204.00	0.935 times
29 Thu Feb 2024	246.70	286.75	299.75	240.00	2.785 times
22 Fri Sep 2023	233.75	264.55	272.95	216.55	0.575 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 Sarthak Metals (SMLT_BE)

Price action analysis of Sarthak Metals ( (SMLT_BE) ) 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 Sarthak Metals ( (SMLT_BE) ) 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 Sarthak Metals ( (SMLT_BE) ) 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 Sarthak Metals stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Sarthak Metals in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sarthak Metals Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 Sarthak Metals in short term and BUY 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

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Sarthak Metals is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 225.58 and Sarthak Metals (SMLT_BE) 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 Sarthak Metals (SMLT_BE) stock. Volume based technical analysis of Sarthak Metals (SMLT_BE) stock is negative.

Sarthak Metals 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.