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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 2024-06-11 View latest technical analysis

10 day averaged volume of Shrenik is 1967182

Date	Daily Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	0.91	0.93	0.97	0.91	2.335 times
10 Mon Jun 2024	0.93	0.93	0.95	0.91	1.657 times
07 Fri Jun 2024	0.95	0.95	0.95	0.90	0.609 times
06 Thu Jun 2024	0.90	0.90	0.95	0.90	0.686 times
05 Wed Jun 2024	0.90	0.90	0.95	0.85	0.945 times
04 Tue Jun 2024	0.90	0.95	0.95	0.85	2.003 times
03 Mon Jun 2024	0.90	0.95	0.95	0.90	1.103 times
31 Fri May 2024	0.90	0.95	0.95	0.90	1.344 times
30 Thu May 2024	0.90	0.95	1.00	0.90	0.745 times
29 Wed May 2024	0.95	1.00	1.00	0.95	0.373 times

Stock of Shrenik (SHRENIK) has showed a significant fall. This could be a good time to exit from this stock.

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 0.94. However, stock will show a bearish move below 0.9.

Share price targets for Shrenik (SHRENIK)

Target Type	Value
Downside Target	0.85
Downside Target	0.90
Upside Target	0.95
Upside Target	0.97
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	0.89
Downside Intraday Target	0.87
Upside Intraday Target	0.95
Upside Intraday Target	0.99
Upside Intraday Target	0.93

Weekly technical analysis of Shrenik (SHRENIK)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	0.91	0.93	0.97	0.91	0.747 times
07 Fri Jun 2024	0.95	0.95	0.95	0.85	1.349 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

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
11 Tue Jun 2024	0.91	0.95	0.97	0.85	0.524 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 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 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 BUY signal for Shrenik in short term but the buy signal is initial and weak.

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. 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 BUY signal in short term and the buying is gaining 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 0.91 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.