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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 2024-10-22 View latest technical analysis

10 day averaged volume of Shrenik is 1177825

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	0.75	0.76	0.77	0.72	1.261 times
21 Mon Oct 2024	0.74	0.77	0.77	0.74	0.928 times
18 Fri Oct 2024	0.76	0.77	0.78	0.76	1.137 times
17 Thu Oct 2024	0.77	0.80	0.80	0.76	0.922 times
16 Wed Oct 2024	0.79	0.81	0.81	0.78	1.105 times
15 Tue Oct 2024	0.79	0.83	0.84	0.79	1.087 times
14 Mon Oct 2024	0.83	0.83	0.87	0.82	1.333 times
11 Fri Oct 2024	0.83	0.86	0.86	0.83	1.025 times
10 Thu Oct 2024	0.85	0.84	0.87	0.84	0.718 times
09 Wed Oct 2024	0.84	0.85	0.87	0.82	1.004 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 0.8, but if it comes above 0.8, then a intra day buy could be more profitable.
If you take a sell trade below 0.8, then use 0.8 as stoploss and 0.7 as target. However if you take a buy trade in stock , then use 0.8 as stoploss and 0.81 as target.

Share price targets for Shrenik (SHRENIK_BE)

Target Type	Value
Downside Target	0.70
Downside Target	0.72
Upside Target	0.76
Upside Target	0.82
Upside Target	0.85
Upside Target	0.90
Upside Target	1.06
Upside Target	1.10
Upside Target	1.25

Intraday share price targets for Shrenik (SHRENIK_BE)

Target Type	Value
Downside Intraday Target	0.72
Downside Intraday Target	0.7
Upside Intraday Target	0.77
Upside Intraday Target	0.8
Downside Intraday Target	0.75

Weekly technical analysis of Shrenik (SHRENIK_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	0.75	0.77	0.77	0.72	0.392 times
18 Fri Oct 2024	0.76	0.83	0.87	0.76	1.021 times
11 Fri Oct 2024	0.83	0.90	0.90	0.82	0.975 times
04 Fri Oct 2024	0.86	0.80	0.86	0.76	1.702 times
27 Fri Sep 2024	0.80	0.85	0.85	0.78	1.526 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
22 Tue Oct 2024	0.75	0.76	0.90	0.72	1.322 times
30 Mon Sep 2024	0.76	0.90	0.90	0.76	0.839 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

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 weakening, and bulls are picking up momentum!

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

CCI has generated a SELL signal for Shrenik in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 0.79 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.