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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 2024-05-06 View latest technical analysis

10 day averaged volume of Sarthak Metals is 19692

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon May 2024	257.15	257.00	269.80	252.00	1.483 times
03 Fri May 2024	257.65	249.85	257.90	249.85	2.573 times
02 Thu May 2024	245.65	249.85	249.85	245.00	0.715 times
30 Tue Apr 2024	244.80	243.00	250.00	243.00	1.137 times
29 Mon Apr 2024	243.30	237.15	245.00	237.15	1.024 times
26 Fri Apr 2024	237.15	233.00	239.90	230.00	0.818 times
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

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 258.5, for a target of 244 or 231.92

Share price targets for Sarthak Metals (SMLT_BE)

Target Type	Value
Downside Target	204.00
Downside Target	216.55
Downside Target	222.50
Downside Target	230.00
Downside Target	235.00
Downside Target	245.00
Downside Target	250.00
Upside Target	257.90
Upside Target	267.00
Upside Target	269.80
Upside Target	272.95
Upside Target	299.75

Intraday share price targets for Sarthak Metals (SMLT_BE)

Target Type	Value
Downside Intraday Target	249.5
Downside Intraday Target	241.85
Upside Intraday Target	267.3
Upside Intraday Target	277.45
Upside Intraday Target	259.65

Weekly technical analysis of Sarthak Metals (SMLT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon May 2024	257.15	257.00	269.80	252.00	0.272 times
03 Fri May 2024	257.65	237.15	257.90	237.15	1.55 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

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 Sarthak Metals (SMLT_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Mon May 2024	257.15	249.85	269.80	245.00	0.231 times
30 Tue Apr 2024	244.80	222.95	250.00	208.00	0.898 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

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Sarthak Metals in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 245.78 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.