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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 2024-04-29 View latest technical analysis

10 day averaged volume of Sarthak Metals is 18996

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	243.30	237.15	245.00	237.15	1.062 times
26 Fri Apr 2024	237.15	233.00	239.90	230.00	0.848 times
25 Thu Apr 2024	232.80	231.40	234.50	229.00	0.72 times
24 Wed Apr 2024	231.45	230.65	235.00	226.50	0.591 times
23 Tue Apr 2024	230.65	232.30	232.30	228.00	0.736 times
22 Mon Apr 2024	233.75	229.85	235.55	222.50	0.75 times
19 Fri Apr 2024	228.60	226.00	230.00	220.15	1.073 times
18 Thu Apr 2024	228.30	219.70	228.80	214.00	2.446 times
16 Tue Apr 2024	217.95	213.30	220.00	208.00	1.048 times
15 Mon Apr 2024	213.30	215.60	222.85	212.35	1.378 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 241.4, for a target of 233.3 or 226.5

Share price targets for Sarthak Metals (SMLT_BE)

Target Type	Value
Downside Target	204.00
Downside Target	216.55
Downside Target	234.75
Downside Target	239.90
Downside Target	240.00
Upside Target	245.00
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	238.63
Downside Intraday Target	233.97
Upside Intraday Target	246.48
Upside Intraday Target	249.67
Downside Intraday Target	241.82

Weekly technical analysis of Sarthak Metals (SMLT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	243.30	237.15	245.00	237.15	0.291 times
26 Fri Apr 2024	237.15	229.85	239.90	222.50	0.613 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

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
29 Mon Apr 2024	243.30	222.95	245.00	208.00	0.848 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 gaining momentum.

MACD generated a BUY signal for Sarthak Metals 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.

Sarthak Metals 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 Sarthak Metals 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 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 228.6 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 positive

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