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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 2024-08-08 View latest technical analysis

10 day averaged volume of Shrenik is 712098

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	0.73	0.75	0.75	0.70	0.504 times
07 Wed Aug 2024	0.72	0.71	0.75	0.70	0.395 times
06 Tue Aug 2024	0.74	0.79	0.79	0.73	0.287 times
05 Mon Aug 2024	0.76	0.80	0.81	0.75	1.499 times
02 Fri Aug 2024	0.78	0.76	0.79	0.74	1.242 times
01 Thu Aug 2024	0.76	0.74	0.80	0.74	0.958 times
31 Wed Jul 2024	0.77	0.76	0.80	0.74	0.703 times
30 Tue Jul 2024	0.78	0.80	0.83	0.76	1.448 times
29 Mon Jul 2024	0.80	0.80	0.83	0.79	1.546 times
26 Fri Jul 2024	0.80	0.81	0.83	0.80	0.565 times

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 0.7 as stoploss in an intra day buy trade for a target of 0.83. However, stock will show a bearish move below 0.7.

Share price targets for Shrenik (SHRENIK_BE)

Target Type	Value
Downside Target	0.70
Downside Target	0.73
Upside Target	0.81
Upside Target	0.83
Upside Target	0.85
Upside Target	0.90
Upside Target	0.95
Upside Target	1.00
Upside Target	1.05
Upside Target	1.10
Upside Target	1.20
Upside Target	1.25
Upside Target	1.50

Intraday share price targets for Shrenik (SHRENIK_BE)

Target Type	Value
Downside Intraday Target	0.68
Downside Intraday Target	0.64
Upside Intraday Target	0.79
Upside Intraday Target	0.86
Upside Intraday Target	0.75

Weekly technical analysis of Shrenik (SHRENIK_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	0.73	0.80	0.81	0.70	0.455 times
02 Fri Aug 2024	0.78	0.80	0.83	0.74	1.207 times
26 Fri Jul 2024	0.80	0.82	0.85	0.73	0.717 times
19 Fri Jul 2024	0.87	0.95	0.95	0.85	2.567 times
12 Fri Jul 2024	1.00	1.25	1.25	1.00	0.148 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	0.73	0.74	0.81	0.70	0.271 times
31 Wed Jul 2024	0.77	1.25	1.25	0.73	0.664 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

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_BE)

Price action analysis of Shrenik ( (SHRENIK_BE) ) 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_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 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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

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