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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 2024-12-20 View latest technical analysis

10 day averaged volume of Shrenik is 1106298

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Dec 2024	0.79	0.82	0.84	0.78	0.667 times
19 Thu Dec 2024	0.82	0.86	0.86	0.79	1.246 times
18 Wed Dec 2024	0.84	0.91	0.92	0.84	1.966 times
17 Tue Dec 2024	0.89	0.88	0.89	0.87	1.343 times
16 Mon Dec 2024	0.85	0.85	0.85	0.81	2.14 times
13 Fri Dec 2024	0.81	0.81	0.81	0.81	0.443 times
12 Thu Dec 2024	0.81	0.80	0.81	0.80	0.686 times
11 Wed Dec 2024	0.80	0.80	0.80	0.80	0.536 times
10 Tue Dec 2024	0.79	0.78	0.79	0.78	0.485 times
09 Mon Dec 2024	0.78	0.77	0.78	0.77	0.641 times

My analysis of stock is bullish for shortterm, and stock might move up till 0.8 or till 0.9. Use a stoploss of 0.78 and if this stock hits its stoploss, then it can fall down till 0.73

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	0.78
Upside Target	0.81
Upside 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	0.74
Downside Intraday Target	0.69
Upside Intraday Target	0.88
Upside Intraday Target	0.97
Upside Intraday Target	0.83

Weekly technical analysis of Shrenik (SHRENIK_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Dec 2024	0.79	0.85	0.92	0.78	2.637 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 down 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
20 Fri Dec 2024	0.79	0.73	0.92	0.73	0.645 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Shrenik ( (SHRENIK_BE) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 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 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 is giving positive 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.