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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 2024-10-23 View latest technical analysis

10 day averaged volume of Shankara Bldg is 57257

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	490.25	476.75	496.00	470.85	0.84 times
22 Tue Oct 2024	478.95	505.80	505.80	473.10	1.374 times
21 Mon Oct 2024	503.35	515.80	519.00	497.50	0.953 times
18 Fri Oct 2024	514.50	495.00	527.50	489.00	1.23 times
17 Thu Oct 2024	499.80	501.75	507.65	496.30	0.743 times
16 Wed Oct 2024	500.20	505.50	505.70	495.35	1.004 times
15 Tue Oct 2024	503.10	511.25	519.00	499.00	1.071 times
14 Mon Oct 2024	511.25	518.70	521.10	509.00	0.914 times
11 Fri Oct 2024	516.10	500.00	518.65	498.40	0.882 times
10 Thu Oct 2024	502.80	507.90	508.00	500.65	0.717 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 496, but if it comes above 496, then a intra day buy could be more profitable.
If you take a sell trade below 496, then use 496 as stoploss and 478.9 as target. However if you take a buy trade in stock , then use 496 as stoploss and 510.14 as target.

Share price targets for Shankara Bldg (SHANKARA)

Target Type	Value
Downside Target	470.85
Downside Target	487.30
Upside Target	505.30
Upside Target	518.70
Upside Target	565.70
Upside Target	574.25
Upside Target	610.30
Upside Target	630.00
Upside Target	649.05
Upside Target	689.20
Upside Target	725.00
Upside Target	739.20

Intraday share price targets for Shankara Bldg (SHANKARA)

Target Type	Value
Downside Intraday Target	467.73
Downside Intraday Target	445.22
Upside Intraday Target	515.88
Upside Intraday Target	541.52
Upside Intraday Target	493.37

Weekly technical analysis of Shankara Bldg (SHANKARA)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	490.25	515.80	519.00	470.85	0.638 times
18 Fri Oct 2024	514.50	518.70	527.50	489.00	0.747 times
11 Fri Oct 2024	516.10	505.35	518.70	487.30	1.267 times
04 Fri Oct 2024	512.55	534.00	534.00	505.30	0.623 times
27 Fri Sep 2024	533.50	560.00	565.70	524.15	1.544 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
23 Wed Oct 2024	490.25	527.65	530.75	470.85	0.6 times
30 Mon Sep 2024	526.05	600.00	610.30	521.05	0.851 times
30 Fri Aug 2024	598.60	685.00	689.20	574.25	0.868 times
31 Wed Jul 2024	682.30	692.00	739.20	649.05	1.468 times

Scroll below to view daily charts

Price has moved down 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 Shankara Bldg stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Shankara Bldg 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.

Shankara Bldg Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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 501.42 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.