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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 2024-10-28 View latest technical analysis

10 day averaged volume of Shrenik is 1305645

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	0.69	0.72	0.74	0.67	1.278 times
25 Fri Oct 2024	0.71	0.75	0.75	0.70	1.288 times
24 Thu Oct 2024	0.74	0.78	0.78	0.72	0.98 times
23 Wed Oct 2024	0.76	0.76	0.77	0.73	0.72 times
22 Tue Oct 2024	0.75	0.76	0.77	0.72	1.138 times
21 Mon Oct 2024	0.74	0.77	0.77	0.74	0.837 times
18 Fri Oct 2024	0.76	0.77	0.78	0.76	1.025 times
17 Thu Oct 2024	0.77	0.80	0.80	0.76	0.832 times
16 Wed Oct 2024	0.79	0.81	0.81	0.78	0.997 times
15 Tue Oct 2024	0.79	0.83	0.84	0.79	0.981 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 0.7, for a target of 0.7 or 0.79

Share price targets for Shrenik (SHRENIK_BE)

Target Type	Value
Downside Target	0.67
Upside Target	0.70
Upside Target	0.73
Upside Target	0.76
Upside Target	0.78
Upside Target	0.82
Upside Target	0.86
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	0.66
Downside Intraday Target	0.63
Upside Intraday Target	0.73
Upside Intraday Target	0.77
Upside Intraday Target	0.7

Weekly technical analysis of Shrenik (SHRENIK_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	0.69	0.72	0.74	0.67	0.257 times
25 Fri Oct 2024	0.71	0.77	0.78	0.70	0.985 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

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
28 Mon Oct 2024	0.69	0.76	0.90	0.67	1.701 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, and volume has increased substantially. This means that the move can 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 and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing 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 0.75 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.