Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-04-12 View latest technical analysis

10 day averaged volume of Shrenik is 1697340

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	1.00	1.00	1.00	0.95	0.839 times
10 Wed Apr 2024	1.00	1.00	1.00	0.95	0.631 times
09 Tue Apr 2024	0.95	0.95	1.00	0.95	0.605 times
08 Mon Apr 2024	0.95	1.00	1.00	0.95	0.832 times
05 Fri Apr 2024	1.00	1.00	1.00	0.95	1.24 times
04 Thu Apr 2024	1.00	1.00	1.00	0.95	0.787 times
03 Wed Apr 2024	1.00	1.00	1.00	0.95	0.761 times
02 Tue Apr 2024	1.00	0.95	1.00	0.90	1.241 times
01 Mon Apr 2024	0.95	0.95	0.95	0.90	1.087 times
28 Thu Mar 2024	0.90	0.95	0.95	0.90	1.092 times

My analysis of stock is bearish for shortterm, and stock might move down till 0.9 or till 0.7. Use a stoploss of 1.06 and if the stock hits stoploss, then it can shoot up till 1.24

Share price targets for Shrenik (SHRENIK)

Target Type	Value
Downside Target	0.90
Downside Target	0.95
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	0.97
Downside Intraday Target	0.93
Upside Intraday Target	1.02
Upside Intraday Target	1.03
Downside Intraday Target	0.98

Weekly technical analysis of Shrenik (SHRENIK)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	1.00	1.00	1.00	0.95	0.568 times
05 Fri Apr 2024	1.00	0.95	1.00	0.90	1.044 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

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 Shrenik (SHRENIK)

Date	Monthly Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	1.00	0.95	1.00	0.90	0.328 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 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 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 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

Stock of Shrenik is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 0.97 and Shrenik (SHRENIK) 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 Shrenik (SHRENIK) stock. Volume based technical analysis of Shrenik (SHRENIK) stock is negative.

Shrenik Stock is giving positive 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.