Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-08-16 View latest technical analysis

10 day averaged volume of Shrenik is 511467

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	0.89	0.89	0.89	0.89	0.611 times
14 Wed Aug 2024	0.85	0.85	0.85	0.85	0.941 times
13 Tue Aug 2024	0.81	0.81	0.81	0.81	0.654 times
12 Mon Aug 2024	0.78	0.77	0.78	0.76	1.013 times
09 Fri Aug 2024	0.75	0.75	0.76	0.70	0.591 times
08 Thu Aug 2024	0.73	0.75	0.75	0.70	0.702 times
07 Wed Aug 2024	0.72	0.71	0.75	0.70	0.55 times
06 Tue Aug 2024	0.74	0.79	0.79	0.73	0.399 times
05 Mon Aug 2024	0.76	0.80	0.81	0.75	2.087 times
02 Fri Aug 2024	0.78	0.76	0.79	0.74	1.73 times

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 0.9, for a target of 0.8 or 0.79

Share price targets for Shrenik (SHRENIK_BE)

Target Type	Value
Downside Target	0.70
Downside Target	0.73
Downside Target	0.76
Downside Target	0.81
Downside Target	0.83
Downside Target	0.85
Downside Target	0.89
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	0.8
Downside Intraday Target	0.72
Upside Intraday Target	0.93
Upside Intraday Target	0.98
Downside Intraday Target	0.85

Weekly technical analysis of Shrenik (SHRENIK_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	0.89	0.77	0.89	0.76	0.744 times
09 Fri Aug 2024	0.75	0.80	0.81	0.70	0.527 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

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
16 Fri Aug 2024	0.89	0.74	0.89	0.70	0.422 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 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 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 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 but buying is losing 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 0.78 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 negative.

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