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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 2024-08-08 View latest technical analysis

10 day averaged volume of Shri Techtex is 26800

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	68.00	69.10	69.15	67.15	1.866 times
07 Wed Aug 2024	69.55	69.80	70.30	69.50	0.522 times
06 Tue Aug 2024	69.90	71.30	72.00	69.65	1.567 times
05 Mon Aug 2024	71.00	69.00	72.00	69.00	0.896 times
02 Fri Aug 2024	73.55	72.85	74.45	72.00	1.269 times
01 Thu Aug 2024	71.60	75.50	76.30	71.25	1.194 times
31 Wed Jul 2024	75.30	72.65	76.35	72.50	0.373 times
30 Tue Jul 2024	76.85	72.35	76.85	72.35	0.746 times
29 Mon Jul 2024	74.60	68.80	74.60	68.80	1.418 times
26 Fri Jul 2024	70.00	68.00	70.00	67.60	0.746 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 69.2, but if it comes above 69.2, then a intra day buy could be more profitable.
If you take a sell trade below 69.2, then use 69.2 as stoploss and 65.8 as target. However if you take a buy trade in stock , then use 69.2 as stoploss and 72.12 as target.

Share price targets for Shri Techtex (SHRITECH_SM)

Target Type	Value
Downside Target	59.10
Downside Target	61.10
Downside Target	66.10
Upside Target	70.90
Upside Target	72.00
Upside Target	73.90
Upside Target	74.60
Upside Target	76.30
Upside Target	76.85
Upside Target	77.00
Upside Target	78.85

Intraday share price targets for Shri Techtex (SHRITECH_SM)

Target Type	Value
Downside Intraday Target	66.1
Downside Intraday Target	64.2
Upside Intraday Target	70.95
Upside Intraday Target	73.9
Upside Intraday Target	69.05

Weekly technical analysis of Shri Techtex (SHRITECH_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	68.00	69.00	72.00	67.15	0.97 times
02 Fri Aug 2024	73.55	68.80	76.85	68.80	1.136 times
26 Fri Jul 2024	70.00	70.90	77.00	66.10	0.678 times
19 Fri Jul 2024	70.90	74.00	78.85	70.90	0.798 times
12 Fri Jul 2024	72.50	68.00	74.60	67.75	1.048 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
08 Thu Aug 2024	68.00	75.50	76.30	67.15	0.249 times
31 Wed Jul 2024	75.30	62.00	78.85	62.00	1.854 times
28 Fri Jun 2024	62.00	62.70	67.50	59.10	1.05 times
31 Fri May 2024	62.90	64.50	73.90	62.00	0.995 times

Scroll below to view daily charts

Price has moved down 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 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 Shri Techtex ( (SHRITECH_SM) ) 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 Shri Techtex ( (SHRITECH_SM) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Shri Techtex stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

Shri Techtex Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 Shri Techtex in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 71.59 and Shri Techtex (SHRITECH_SM) 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 Shri Techtex (SHRITECH_SM) stock. Volume based technical analysis of Shri Techtex (SHRITECH_SM) stock is negative.

Shri Techtex Stock has given negative 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.