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(SHANKARA) Shankara Bldg complete technical analysis [charts+indicators] | Buy/Sell Shankara Bldg | (SHANKARA) share price targets

Complete technical analysis of Shankara Bldg (SHANKARA) by charts plus indicators, forecast predictions and share price targets for Shankara Bldg (SHANKARA)

Showing technical analysis as on 2024-03-02 View latest technical analysis

10 day averaged volume of Shankara Bldg is 102675

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	738.70	743.80	745.00	735.05	0.069 times
01 Fri Mar 2024	742.85	728.00	750.40	726.00	0.866 times
29 Thu Feb 2024	724.05	746.00	749.90	720.00	1.194 times
28 Wed Feb 2024	742.85	774.00	788.95	738.40	0.944 times
27 Tue Feb 2024	774.65	786.00	797.00	770.75	0.406 times
26 Mon Feb 2024	784.95	787.00	798.50	780.00	0.766 times
23 Fri Feb 2024	784.05	760.00	786.70	760.00	0.94 times
22 Thu Feb 2024	762.45	782.95	786.95	758.50	1.383 times
21 Wed Feb 2024	779.00	798.00	799.90	773.00	0.731 times
20 Tue Feb 2024	794.35	779.00	801.95	776.55	1.164 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 742.8, but if it comes above 742.8, then a intra day buy could be more profitable.
If you take a sell trade below 742.8, then use 742.8 as stoploss and 713 as target. However if you take a buy trade in stock , then use 742.8 as stoploss and 767.63 as target.

Share price targets for Shankara Bldg (SHANKARA)

Target Type	Value
Downside Target	680.65
Downside Target	696.80
Downside Target	720.00
Upside Target	750.40
Upside Target	779.40
Upside Target	792.00
Upside Target	798.00
Upside Target	798.50
Upside Target	815.05
Upside Target	834.75

Intraday share price targets for Shankara Bldg (SHANKARA)

Target Type	Value
Downside Intraday Target	706.3
Downside Intraday Target	673.9
Upside Intraday Target	784.8
Upside Intraday Target	830.9
Upside Intraday Target	752.4

Weekly technical analysis of Shankara Bldg (SHANKARA)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	738.70	787.00	798.50	720.00	0.729 times
23 Fri Feb 2024	784.05	807.00	815.05	758.50	0.335 times
16 Fri Feb 2024	802.30	771.00	834.75	731.95	2.033 times
09 Fri Feb 2024	769.75	774.50	798.00	730.00	1.35 times
02 Fri Feb 2024	771.95	767.00	779.40	760.10	1.147 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 Shankara Bldg (SHANKARA)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	738.70	728.00	750.40	726.00	0.025 times
29 Thu Feb 2024	724.05	765.05	834.75	720.00	1.24 times
31 Wed Jan 2024	767.70	716.00	779.40	696.80	1.066 times
29 Fri Dec 2023	713.70	700.00	792.00	680.65	2.451 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 Shankara Bldg (SHANKARA)

Price action analysis of Shankara Bldg ( (SHANKARA) ) based on a short 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.

Price action analysis of Shankara Bldg ( (SHANKARA) ) based on a short to mid 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.

Price action analysis of Shankara Bldg ( (SHANKARA) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Shankara Bldg stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Shankara Bldg in short term but the sell signal is initial and weak.

Shankara Bldg Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a SELL signal for Shankara Bldg in short term and SELL 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 Shankara Bldg is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 763.49 and Shankara Bldg (SHANKARA) 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 Shankara Bldg (SHANKARA) stock. Volume based technical analysis of Shankara Bldg (SHANKARA) stock is negative.

Shankara Bldg 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.