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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 2024-06-28 View latest technical analysis

10 day averaged volume of Shrenik is 2584834

Date	Daily Closing Price	Open	High	Low	Volume
28 Fri Jun 2024	1.06	0.98	1.06	0.97	3.753 times
27 Thu Jun 2024	0.97	0.98	0.98	0.96	0.971 times
26 Wed Jun 2024	0.96	0.96	0.98	0.96	0.502 times
25 Tue Jun 2024	0.96	0.98	0.98	0.96	0.538 times
24 Mon Jun 2024	0.97	0.98	0.98	0.96	0.937 times
21 Fri Jun 2024	0.97	0.98	0.98	0.97	0.627 times
20 Thu Jun 2024	0.97	0.97	0.98	0.97	0.626 times
19 Wed Jun 2024	0.97	0.98	0.98	0.96	0.599 times
18 Tue Jun 2024	0.97	0.99	0.99	0.96	0.798 times
14 Fri Jun 2024	0.99	0.93	1.01	0.92	3.498 times

Stock of Shrenik (SHRENIK) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1, for a target of 1 or 0.95

Share price targets for Shrenik (SHRENIK)

Target Type	Value
Downside Target	0.85
Downside Target	0.90
Downside Target	0.95
Downside Target	0.99
Downside Target	1.00
Downside Target	1.01
Downside Target	1.06
Upside Target	1.20
Upside Target	1.70

Intraday share price targets for Shrenik (SHRENIK)

Target Type	Value
Downside Intraday Target	0.99
Downside Intraday Target	0.93
Upside Intraday Target	1.09
Upside Intraday Target	1.13
Downside Intraday Target	1.03

Weekly technical analysis of Shrenik (SHRENIK)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Fri Jun 2024	1.06	0.98	1.06	0.96	2.529 times
21 Fri Jun 2024	0.97	0.99	0.99	0.96	0.33 times
14 Fri Jun 2024	0.99	0.93	1.01	0.91	1.977 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Shrenik (SHRENIK)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Fri Jun 2024	1.06	0.95	1.06	0.85	1.583 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, and volume has increased substantially. This means that the move can 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 term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Shrenik ( (SHRENIK) ) based on a short to mid 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Shrenik in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 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 1 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.