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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 2024-11-01 View latest technical analysis

10 day averaged volume of Shrenik is 1572862

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	0.74	0.75	0.75	0.73	0.974 times
31 Thu Oct 2024	0.72	0.72	0.72	0.70	0.38 times
30 Wed Oct 2024	0.69	0.68	0.70	0.66	1.923 times
29 Tue Oct 2024	0.67	0.70	0.71	0.66	1.666 times
28 Mon Oct 2024	0.69	0.72	0.74	0.67	1.061 times
25 Fri Oct 2024	0.71	0.75	0.75	0.70	1.069 times
24 Thu Oct 2024	0.74	0.78	0.78	0.72	0.813 times
23 Wed Oct 2024	0.76	0.76	0.77	0.73	0.598 times
22 Tue Oct 2024	0.75	0.76	0.77	0.72	0.944 times
21 Mon Oct 2024	0.74	0.77	0.77	0.74	0.695 times

My analysis of stock is bearish for shortterm, and stock might move down till 0.7 or till 0.6. Use a stoploss of 0.77 and if the stock hits stoploss, then it can shoot up till 0.83

Share price targets for Shrenik (SHRENIK_BE)

Target Type	Value
Downside Target	0.66
Downside Target	0.70
Downside Target	0.73
Upside Target	0.75
Upside Target	0.78
Upside Target	0.82
Upside Target	0.86
Upside Target	0.87
Upside Target	0.90
Upside Target	1.06
Upside Target	1.25

Intraday share price targets for Shrenik (SHRENIK_BE)

Target Type	Value
Downside Intraday Target	0.68
Downside Intraday Target	0.63
Upside Intraday Target	0.77
Upside Intraday Target	0.81
Downside Intraday Target	0.72

Weekly technical analysis of Shrenik (SHRENIK_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	0.74	0.72	0.75	0.66	1.457 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 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
01 Fri Nov 2024	0.74	0.75	0.75	0.73	0.049 times
31 Thu Oct 2024	0.72	0.76	0.90	0.66	2.125 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

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Shrenik ( (SHRENIK_BE) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 buy signal for Shrenik in short term and BUY 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 0.71 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 negative.

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