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(SHRENIK) Shrenik complete technical analysis [charts+indicators] | Buy/Sell Shrenik | (SHRENIK) share price targets

Complete technical analysis of Shrenik (SHRENIK) by charts plus indicators, forecast predictions and share price targets for Shrenik (SHRENIK)

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

10 day averaged volume of Shrenik is 3805694

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	1.00	1.00	1.00	0.95	0.351 times
03 Wed Apr 2024	1.00	1.00	1.00	0.95	0.339 times
02 Tue Apr 2024	1.00	0.95	1.00	0.90	0.554 times
01 Mon Apr 2024	0.95	0.95	0.95	0.90	0.485 times
28 Thu Mar 2024	0.90	0.95	0.95	0.90	0.487 times
27 Wed Mar 2024	0.90	0.95	0.95	0.90	0.769 times
26 Tue Mar 2024	0.95	0.95	1.00	0.90	0.929 times
22 Fri Mar 2024	0.95	0.90	1.00	0.90	0.92 times
21 Thu Mar 2024	0.95	1.05	1.05	0.95	3.898 times
20 Wed Mar 2024	1.05	1.15	1.20	1.05	1.055 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 0.9 as stoploss in an intra day buy trade for a target of 1.12. However, stock will show a bearish move below 0.9.

Share price targets for Shrenik (SHRENIK)

Target Type	Value
Downside Target	0.90
Downside Target	1.00
Upside Target	1.10
Upside Target	1.15
Upside Target	1.20
Upside Target	1.70

Intraday share price targets for Shrenik (SHRENIK)

Target Type	Value
Downside Intraday Target	0.93
Downside Intraday Target	0.87
Upside Intraday Target	1.03
Upside Intraday Target	1.07
Downside Intraday Target	0.97

Weekly technical analysis of Shrenik (SHRENIK)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	1.00	0.95	1.00	0.90	0.791 times
28 Thu Mar 2024	0.90	0.95	1.00	0.90	0.25 times
22 Fri Mar 2024	0.95	1.00	1.20	0.90	0.316 times
15 Fri Dec 2023	1.45	1.15	1.70	1.10	4.81 times
08 Fri Dec 2023	1.10	1.10	1.15	1.00	1.29 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 Shrenik (SHRENIK)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	1.00	0.95	1.00	0.90	0.158 times
28 Thu Mar 2024	0.90	1.00	1.20	0.90	0.307 times
15 Fri Dec 2023	1.45	1.00	1.70	1.00	2.953 times
30 Thu Nov 2023	1.00	1.00	1.15	0.90	1.066 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 Shrenik (SHRENIK)

Price action analysis of Shrenik ( (SHRENIK) ) 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 Shrenik ( (SHRENIK) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Shrenik ( (SHRENIK) ) 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 Shrenik ( (SHRENIK) ) based on a mid to longer 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.

ADX buy sell signal for Shrenik stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Shrenik in short term and the sell signal is strong.

Shrenik Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a SELL signal for Shrenik in short term

RSI is generating a SELL signal in short term but selling is losing 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 Shrenik is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 0.96 and Shrenik (SHRENIK) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Shrenik (SHRENIK) stock. Volume based technical analysis of Shrenik (SHRENIK) stock is negative.

Shrenik 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.