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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 2024-09-19 View latest technical analysis

10 day averaged volume of Shrenik is 532347

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	0.85	0.87	0.87	0.85	0.745 times
18 Wed Sep 2024	0.87	0.86	0.87	0.86	0.99 times
17 Tue Sep 2024	0.86	0.86	0.86	0.86	0.716 times
16 Mon Sep 2024	0.85	0.85	0.85	0.85	1.095 times
13 Fri Sep 2024	0.84	0.84	0.84	0.84	1.008 times
12 Thu Sep 2024	0.83	0.83	0.83	0.83	0.329 times
11 Wed Sep 2024	0.82	0.81	0.82	0.81	1.048 times
10 Tue Sep 2024	0.81	0.83	0.83	0.81	1.095 times
09 Mon Sep 2024	0.83	0.85	0.86	0.83	1.267 times
06 Fri Sep 2024	0.85	0.87	0.87	0.85	1.494 times

My analysis of stock is bearish for shortterm, and stock might move down till 0.8 or till 0.8. Use a stoploss of 0.89 and if the stock hits stoploss, then it can shoot up till 0.95

Share price targets for Shrenik (SHRENIK_BE)

Target Type	Value
Downside Target	0.70
Downside Target	0.73
Downside Target	0.81
Downside Target	0.85
Upside Target	0.90
Upside Target	0.92
Upside Target	1.00
Upside Target	1.06
Upside Target	1.10
Upside Target	1.20
Upside Target	1.25

Intraday share price targets for Shrenik (SHRENIK_BE)

Target Type	Value
Downside Intraday Target	0.84
Downside Intraday Target	0.84
Upside Intraday Target	0.86
Upside Intraday Target	0.88
Upside Intraday Target	0.86

Weekly technical analysis of Shrenik (SHRENIK_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	0.85	0.85	0.87	0.85	0.747 times
13 Fri Sep 2024	0.84	0.85	0.86	0.81	0.85 times
06 Fri Sep 2024	0.85	0.90	0.90	0.85	1.828 times
30 Fri Aug 2024	0.92	1.00	1.00	0.92	0.155 times
23 Fri Aug 2024	1.03	0.93	1.06	0.90	6.357 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
19 Thu Sep 2024	0.85	0.90	0.90	0.81	0.422 times
30 Fri Aug 2024	0.92	0.74	1.06	0.70	1.363 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

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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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

Stock of Shrenik is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 0.84 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 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 positive

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