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(SHRENIK) Shrenik complete technical analysis [charts+indicators] | Buy/Sell Shrenik | (SHRENIK) share price targets

Complete technical analysis of Shrenik (SHRENIK) by charts plus indicators, forecast predictions and share price targets for Shrenik (SHRENIK)

10 day averaged volume of Shrenik is 873829

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Feb 2025	0.76	0.75	0.78	0.74	1.236 times
06 Thu Feb 2025	0.74	0.77	0.78	0.74	1.296 times
05 Wed Feb 2025	0.75	0.73	0.75	0.72	1.149 times
04 Tue Feb 2025	0.72	0.72	0.74	0.71	1.046 times
03 Mon Feb 2025	0.71	0.73	0.73	0.70	1.131 times
31 Fri Jan 2025	0.72	0.71	0.73	0.70	1.125 times
30 Thu Jan 2025	0.70	0.71	0.72	0.70	0.834 times
29 Wed Jan 2025	0.71	0.71	0.73	0.70	1.083 times
28 Tue Jan 2025	0.70	0.71	0.72	0.69	0.883 times
27 Mon Jan 2025	0.70	0.71	0.73	0.69	0.964 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 0.8, for a target of 0.7 or 0.72

Share price targets for Shrenik (SHRENIK)

Target Type	Value
Downside Target	0.69
Downside Target	0.72
Upside Target	0.77
Upside Target	0.78
Upside Target	0.81
Upside Target	0.83
Upside Target	0.84
Upside Target	0.85
Upside Target	1.06
Upside Target	1.10
Upside Target	1.45

Intraday share price targets for Shrenik (SHRENIK)

Target Type	Value
Downside Intraday Target	0.71
Downside Intraday Target	0.67
Upside Intraday Target	0.79
Upside Intraday Target	0.83
Downside Intraday Target	0.75

Weekly technical analysis of Shrenik (SHRENIK)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Feb 2025	0.76	0.73	0.78	0.70	1.198 times
31 Fri Jan 2025	0.72	0.71	0.73	0.69	1.196 times
24 Fri Jan 2025	0.72	0.75	0.75	0.72	0.738 times
17 Fri Jan 2025	0.73	0.74	0.77	0.70	0.702 times
10 Fri Jan 2025	0.76	0.79	0.81	0.74	0.945 times

Price has moved up 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 Shrenik (SHRENIK)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Fri Feb 2025	0.76	0.73	0.78	0.70	0.222 times
31 Fri Jan 2025	0.72	0.78	0.83	0.69	6.087 times
31 Tue Dec 2024	0.76	0.76	0.84	0.75	0.074 times
05 Fri Jul 2024	1.32	1.11	1.45	1.10	0.923 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)

Price action analysis of Shrenik ( (SHRENIK) ) 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) ) 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 Shrenik ( (SHRENIK) ) 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 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.

Shrenik 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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Shrenik in short term and BUY signal is strong.

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

MRSI is in negative zone. This is the SELL 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 0.72 and Shrenik (SHRENIK) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Shrenik (SHRENIK) stock. Volume based technical analysis of Shrenik (SHRENIK) 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.