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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 2024-12-18 View latest technical analysis

10 day averaged volume of Shrenik is 836944

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Dec 2024	0.84	0.91	0.92	0.84	2.599 times
17 Tue Dec 2024	0.89	0.88	0.89	0.87	1.775 times
16 Mon Dec 2024	0.85	0.85	0.85	0.81	2.828 times
13 Fri Dec 2024	0.81	0.81	0.81	0.81	0.586 times
12 Thu Dec 2024	0.81	0.80	0.81	0.80	0.906 times
11 Wed Dec 2024	0.80	0.80	0.80	0.80	0.709 times
10 Tue Dec 2024	0.79	0.78	0.79	0.78	0.642 times
09 Mon Dec 2024	0.78	0.77	0.78	0.77	0.847 times
06 Fri Dec 2024	0.77	0.76	0.77	0.76	0.679 times
05 Thu Dec 2024	0.76	0.76	0.76	0.76	0.505 times

Stock of Shrenik (SHRENIK_BE) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 0.8, but if it comes below 0.8, then a intra day sell could be more profitable.
If you take a sell trade below 0.8, then use 0.8 as stoploss and 0.76 as target. However if you take a buy trade in stock , then use 0.8 as stoploss and 0.9 as target.

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
Upside Target	0.90
Upside Target	0.92
Upside Target	1.06

Intraday share price targets for Shrenik (SHRENIK_BE)

Target Type	Value
Downside Intraday Target	0.79
Downside Intraday Target	0.75
Upside Intraday Target	0.9
Upside Intraday Target	0.97
Upside Intraday Target	0.86

Weekly technical analysis of Shrenik (SHRENIK_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Dec 2024	0.84	0.85	0.92	0.81	1.952 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Shrenik (SHRENIK_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Wed Dec 2024	0.84	0.73	0.92	0.73	0.544 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.

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 coming down

CCI has generated a SELL signal for Shrenik in short term but SELL signal is weak.

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

MRSI is in positive zone. This is a BUY 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 0.83 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.