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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 2024-09-25 View latest technical analysis

10 day averaged volume of Shrenik is 529758

Date	Daily Closing Price	Open	High	Low	Volume
25 Wed Sep 2024	0.82	0.83	0.83	0.82	1.625 times
24 Tue Sep 2024	0.82	0.83	0.83	0.82	1.403 times
23 Mon Sep 2024	0.84	0.85	0.85	0.83	1.393 times
20 Fri Sep 2024	0.84	0.85	0.85	0.83	1.243 times
19 Thu Sep 2024	0.85	0.87	0.87	0.85	0.748 times
18 Wed Sep 2024	0.87	0.86	0.87	0.86	0.995 times
17 Tue Sep 2024	0.86	0.86	0.86	0.86	0.72 times
16 Mon Sep 2024	0.85	0.85	0.85	0.85	1.1 times
13 Fri Sep 2024	0.84	0.84	0.84	0.84	1.013 times
12 Thu Sep 2024	0.83	0.83	0.83	0.83	0.331 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 0.8 as stoploss in an intra day buy trade for a target of 0.86. However, stock will show a bearish move below 0.8.

Share price targets for Shrenik (SHRENIK_BE)

Target Type	Value
Downside Target	0.70
Downside Target	0.73
Downside Target	0.81
Upside 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	0.81
Downside Intraday Target	0.8
Upside Intraday Target	0.84
Upside Intraday Target	0.86
Upside Intraday Target	0.83

Weekly technical analysis of Shrenik (SHRENIK_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Wed Sep 2024	0.82	0.85	0.85	0.82	0.92 times
20 Fri Sep 2024	0.84	0.85	0.87	0.83	1.007 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

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
25 Wed Sep 2024	0.82	0.90	0.90	0.81	0.593 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 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 coming down

CCI has generated a SELL signal for Shrenik in short term

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 0.84 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 positive

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