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

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

Showing technical analysis as on 2024-07-10 View latest technical analysis

10 day averaged volume of Shrenik is 1710315

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Jul 2024	1.12	1.12	1.12	1.12	0.201 times
09 Tue Jul 2024	1.18	1.18	1.18	1.18	0.164 times
08 Mon Jul 2024	1.25	1.25	1.25	1.25	0.288 times
15 Fri Mar 2024	1.00	0.95	1.00	0.90	0.717 times
14 Thu Mar 2024	0.95	0.90	1.00	0.90	1.655 times
13 Wed Mar 2024	0.95	0.95	1.00	0.90	3.032 times
12 Tue Mar 2024	0.95	1.00	1.05	0.95	1.116 times
11 Mon Mar 2024	1.00	1.00	1.05	1.00	0.954 times
07 Thu Mar 2024	1.00	1.05	1.05	1.00	0.502 times
06 Wed Mar 2024	1.05	1.00	1.05	1.00	0.751 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1.1, but if it comes below 1.1, then a intra day sell could be more profitable.
If you take a sell trade below 1.1, then use 1.1 as stoploss and 1.06 as target. However if you take a buy trade in stock , then use 1.1 as stoploss and 1.2 as target.

Share price targets for Shrenik (SHRENIK_BE)

Target Type	Value
Downside Target	0.90
Downside Target	1.00
Downside Target	1.05
Downside Target	1.10
Downside Target	1.12
Upside Target	1.20
Upside Target	1.25
Upside Target	1.45
Upside Target	1.50

Intraday share price targets for Shrenik (SHRENIK_BE)

Target Type	Value
Downside Intraday Target	1.08
Downside Intraday Target	1.03
Upside Intraday Target	1.21
Upside Intraday Target	1.29
Upside Intraday Target	1.16

Weekly technical analysis of Shrenik (SHRENIK_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Jul 2024	1.12	1.25	1.25	1.12	0.087 times
15 Fri Mar 2024	1.00	1.00	1.05	0.90	2.821 times
07 Thu Mar 2024	1.00	1.05	1.10	1.00	0.494 times
02 Sat Mar 2024	1.05	1.10	1.10	1.00	0.775 times
23 Fri Feb 2024	1.10	1.10	1.20	1.05	2.753 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
10 Wed Jul 2024	1.12	1.25	1.25	1.12	0.058 times
15 Fri Mar 2024	1.00	1.05	1.10	0.90	0.636 times
29 Thu Feb 2024	1.05	1.10	1.20	1.00	0.844 times
31 Wed Jan 2024	1.10	1.25	1.50	1.05	1.743 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_BE)

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

Price action analysis of Shrenik ( (SHRENIK_BE) ) 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_BE) ) 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.

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

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 in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Shrenik in short term but SELL signal is weak.

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 0.99 and Shrenik (SHRENIK_BE) 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_BE) stock. Volume based technical analysis of Shrenik (SHRENIK_BE) 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.