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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 2024-09-18 View latest technical analysis

10 day averaged volume of Shri Techtex is 40600

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	66.25	68.35	68.35	65.50	2.512 times
17 Tue Sep 2024	68.20	71.95	71.95	68.20	1.232 times
16 Mon Sep 2024	70.35	74.90	74.90	69.50	1.034 times
13 Fri Sep 2024	72.00	72.00	72.65	71.00	1.034 times
12 Thu Sep 2024	70.00	70.00	70.00	70.00	0.049 times
11 Wed Sep 2024	70.60	70.00	72.90	69.65	1.182 times
10 Tue Sep 2024	71.65	68.90	72.00	68.00	1.232 times
09 Mon Sep 2024	68.80	68.00	69.00	66.50	2.069 times
06 Fri Sep 2024	67.75	69.40	69.45	66.10	0.936 times
05 Thu Sep 2024	67.20	66.75	67.45	65.65	0.788 times

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

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 67.4, but if it comes above 67.4, then a intra day buy could be more profitable.
If you take a sell trade below 67.4, then use 67.4 as stoploss and 65.5 as target. However if you take a buy trade in stock , then use 67.4 as stoploss and 68.92 as target.

Share price targets for Shri Techtex (SHRITECH_SM)

Target Type	Value
Downside Target	59.10
Downside Target	60.30
Downside Target	62.00
Downside Target	65.50
Upside Target	69.45
Upside Target	72.00
Upside Target	72.90
Upside Target	73.55
Upside Target	73.90
Upside Target	74.90
Upside Target	76.30
Upside Target	78.85

Intraday share price targets for Shri Techtex (SHRITECH_SM)

Target Type	Value
Downside Intraday Target	62.87
Downside Intraday Target	59.48
Upside Intraday Target	72.27
Upside Intraday Target	78.28
Upside Intraday Target	68.88

Weekly technical analysis of Shri Techtex (SHRITECH_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	66.25	74.90	74.90	65.50	0.858 times
13 Fri Sep 2024	72.00	68.00	72.90	66.50	1.948 times
06 Fri Sep 2024	67.75	69.00	69.45	65.65	0.537 times
30 Fri Aug 2024	69.00	73.55	73.55	66.60	1.612 times
23 Fri Aug 2024	68.75	66.00	72.00	66.00	0.511 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
18 Wed Sep 2024	66.25	69.00	74.90	65.50	0.609 times
30 Fri Aug 2024	69.00	75.50	76.30	60.30	1.12 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

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 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 Shri Techtex ( (SHRITECH_SM) ) based on a short to mid 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 Shri Techtex ( (SHRITECH_SM) ) based on a mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Shri Techtex stock for short term is BUY. 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 but buying is losing 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 68.9 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.