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(SHRITECH_SM) Shri Techtex complete technical analysis [charts+indicators] | Buy/Sell Shri Techtex | (SHRITECH_SM) share price targets

Complete technical analysis of Shri Techtex (SHRITECH_SM) by charts plus indicators, forecast predictions and share price targets for Shri Techtex (SHRITECH_SM)

Showing technical analysis as on 2024-05-06 View latest technical analysis

10 day averaged volume of Shri Techtex is 25200

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon May 2024	71.70	70.70	71.70	68.80	0.952 times
03 Fri May 2024	71.70	71.75	71.90	69.65	0.794 times
02 Thu May 2024	69.45	64.50	71.95	64.50	3.492 times
30 Tue Apr 2024	67.50	68.00	68.00	67.05	0.397 times
29 Mon Apr 2024	66.15	69.00	69.00	65.75	1.508 times
26 Fri Apr 2024	69.65	71.25	71.25	69.00	0.476 times
25 Thu Apr 2024	67.90	70.00	70.00	67.00	1.349 times
24 Wed Apr 2024	69.70	69.65	69.80	69.65	0.238 times
23 Tue Apr 2024	68.90	66.50	68.90	66.50	0.238 times
22 Mon Apr 2024	66.25	68.60	68.60	65.50	0.476 times

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 72.2, for a target of 69.8 or 67.82

Share price targets for Shri Techtex (SHRITECH_SM)

Target Type	Value
Downside Target	51.50
Downside Target	61.10
Downside Target	63.05
Downside Target	64.50
Downside Target	68.70
Downside Target	71.25
Downside Target	71.70
Upside Target	71.95
Upside Target	72.00
Upside Target	77.65
Upside Target	88.00
Upside Target	101.00

Intraday share price targets for Shri Techtex (SHRITECH_SM)

Target Type	Value
Downside Intraday Target	69.77
Downside Intraday Target	67.83
Upside Intraday Target	72.67
Upside Intraday Target	73.63
Downside Intraday Target	70.73

Weekly technical analysis of Shri Techtex (SHRITECH_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon May 2024	71.70	70.70	71.70	68.80	0.154 times
03 Fri May 2024	71.70	69.00	71.95	64.50	2.229 times
26 Fri Apr 2024	69.65	68.60	71.25	65.50	0.875 times
19 Fri Apr 2024	68.60	61.10	69.00	61.10	1.667 times
12 Fri Apr 2024	66.35	63.05	68.70	63.05	0.3 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 Shri Techtex (SHRITECH_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Mon May 2024	71.70	64.50	71.95	64.50	0.325 times
30 Tue Apr 2024	67.50	62.50	71.25	61.10	0.303 times
28 Thu Mar 2024	60.70	76.80	77.65	51.50	2.381 times
29 Thu Feb 2024	77.50	83.80	88.00	72.00	0.258 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 Shri Techtex (SHRITECH_SM)

Price action analysis of Shri Techtex ( (SHRITECH_SM) ) 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 Shri Techtex ( (SHRITECH_SM) ) based on a short to mid 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 Shri Techtex ( (SHRITECH_SM) ) 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 Shri Techtex stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Shri Techtex in short term but the buy signal is initial and weak.

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

Shri Techtex Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 Shri Techtex in short term but SELL signal is weak.

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

MRSI is in positive zone. This is a BUY zone

Stock of Shri Techtex is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 68.9 and Shri Techtex (SHRITECH_SM) 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 Shri Techtex (SHRITECH_SM) stock. Volume based technical analysis of Shri Techtex (SHRITECH_SM) stock is negative.

Shri Techtex 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.