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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 2024-06-05 View latest technical analysis

10 day averaged volume of Shrenik is 1919798

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	0.90	0.90	0.95	0.85	0.968 times
04 Tue Jun 2024	0.90	0.95	0.95	0.85	2.053 times
03 Mon Jun 2024	0.90	0.95	0.95	0.90	1.13 times
31 Fri May 2024	0.90	0.95	0.95	0.90	1.377 times
30 Thu May 2024	0.90	0.95	1.00	0.90	0.763 times
29 Wed May 2024	0.95	1.00	1.00	0.95	0.382 times
28 Tue May 2024	0.95	1.00	1.00	0.95	0.55 times
27 Mon May 2024	1.00	0.95	1.00	0.90	0.989 times
24 Fri May 2024	0.95	0.95	1.00	0.90	1.13 times
23 Thu May 2024	0.95	1.00	1.00	0.95	0.721 times

Share price targets for Shrenik (SHRENIK)

Target Type	Value
Downside Target	0.85
Downside Target	0.90
Upside Target	0.95
Upside Target	1.00
Upside Target	1.20
Upside Target	1.70

Intraday share price targets for Shrenik (SHRENIK)

Target Type	Value
Downside Intraday Target	0.85
Downside Intraday Target	0.8
Upside Intraday Target	0.95
Upside Intraday Target	1
Downside Intraday Target	0.9

Weekly technical analysis of Shrenik (SHRENIK)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	0.90	0.95	0.95	0.85	1.022 times
31 Fri May 2024	0.90	0.95	1.00	0.90	0.987 times
24 Fri May 2024	0.95	0.95	1.00	0.90	1.386 times
18 Sat May 2024	0.95	1.00	1.00	0.90	0.812 times
10 Fri May 2024	0.95	1.00	1.00	0.90	0.795 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
05 Wed Jun 2024	0.90	0.95	0.95	0.85	0.227 times
31 Fri May 2024	0.90	1.00	1.00	0.90	1.163 times
30 Tue Apr 2024	0.95	0.95	1.00	0.90	0.725 times
28 Thu Mar 2024	0.90	1.00	1.20	0.90	0.307 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 Shrenik (SHRENIK)

Price action analysis of Shrenik ( (SHRENIK) ) 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 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 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 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 LOWS in short term which reflects strong selling momentum. 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 BUY signal in short term but buying 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 0.92 and Shrenik (SHRENIK) 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 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.