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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 2024-12-17 View latest technical analysis

10 day averaged volume of Shrenik is 736960

Date	Daily Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	0.89	0.88	0.89	0.87	2.016 times
16 Mon Dec 2024	0.85	0.85	0.85	0.81	3.212 times
13 Fri Dec 2024	0.81	0.81	0.81	0.81	0.665 times
12 Thu Dec 2024	0.81	0.80	0.81	0.80	1.029 times
11 Wed Dec 2024	0.80	0.80	0.80	0.80	0.805 times
10 Tue Dec 2024	0.79	0.78	0.79	0.78	0.729 times
09 Mon Dec 2024	0.78	0.77	0.78	0.77	0.962 times
06 Fri Dec 2024	0.77	0.76	0.77	0.76	0.771 times
05 Thu Dec 2024	0.76	0.76	0.76	0.76	0.574 times
04 Wed Dec 2024	0.76	0.75	0.76	0.75	0.593 times

Stock of Shrenik (SHRENIK_BE) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 0.9, for a target of 0.8 or 0.76

Share price targets for Shrenik (SHRENIK_BE)

Target Type	Value
Downside Target	0.66
Downside Target	0.70
Downside Target	0.73
Downside Target	0.76
Downside Target	0.81
Downside Target	0.84
Downside Target	0.89
Upside Target	0.90
Upside Target	1.06

Intraday share price targets for Shrenik (SHRENIK_BE)

Target Type	Value
Downside Intraday Target	0.84
Downside Intraday Target	0.78
Upside Intraday Target	0.92
Upside Intraday Target	0.94
Downside Intraday Target	0.86

Weekly technical analysis of Shrenik (SHRENIK_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	0.89	0.85	0.89	0.81	1.248 times
13 Fri Dec 2024	0.81	0.77	0.81	0.77	1.343 times
06 Fri Dec 2024	0.77	0.73	0.77	0.73	0.753 times
29 Fri Nov 2024	0.73	0.67	0.73	0.67	0.534 times
22 Fri Nov 2024	0.69	0.72	0.73	0.67	2.423 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
17 Tue Dec 2024	0.89	0.73	0.89	0.73	0.44 times
29 Fri Nov 2024	0.73	0.75	0.84	0.67	0.672 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

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 definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Shrenik ( (SHRENIK_BE) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Shrenik ( (SHRENIK_BE) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 BUY signal for Shrenik in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Shrenik Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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 but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 0.82 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 rising upwards.

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 is giving positive 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.