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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)

Showing technical analysis as on 2023-12-14 View latest technical analysis

10 day averaged volume of Shrenik is 12529475

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Dec 2023	1.45	1.55	1.55	1.40	0.613 times
13 Wed Dec 2023	1.50	1.65	1.70	1.40	2.241 times
12 Tue Dec 2023	1.55	1.50	1.55	1.45	2.268 times
11 Mon Dec 2023	1.30	1.15	1.30	1.10	2.877 times
08 Fri Dec 2023	1.10	1.10	1.15	1.05	0.456 times
07 Thu Dec 2023	1.10	1.05	1.15	1.05	0.576 times
06 Wed Dec 2023	1.05	1.05	1.10	1.05	0.154 times
05 Tue Dec 2023	1.05	1.10	1.15	1.00	0.283 times
04 Mon Dec 2023	1.10	1.10	1.15	1.05	0.279 times
01 Fri Dec 2023	1.05	1.00	1.10	1.00	0.639 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 1.5, for a target of 1.3 or 1.13

Share price targets for Shrenik (SHRENIK)

Target Type	Value
Downside Target	0.85
Downside Target	0.90
Downside Target	0.95
Downside Target	1.00
Downside Target	1.10
Downside Target	1.15
Downside Target	1.25
Upside Target	1.70

Intraday share price targets for Shrenik (SHRENIK)

Target Type	Value
Downside Intraday Target	1.13
Downside Intraday Target	0.82
Upside Intraday Target	1.73
Upside Intraday Target	2.02
Downside Intraday Target	1.42

Weekly technical analysis of Shrenik (SHRENIK)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Dec 2023	1.45	1.15	1.70	1.10	4.578 times
08 Fri Dec 2023	1.10	1.10	1.15	1.00	1.29 times
01 Fri Dec 2023	1.05	1.05	1.10	0.95	1.31 times
24 Fri Nov 2023	1.05	1.10	1.10	0.95	1.046 times
17 Fri Nov 2023	1.05	0.95	1.15	0.95	1.47 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Shrenik (SHRENIK)

Date	Monthly Closing Price	Open	High	Low	Volume
14 Thu Dec 2023	1.45	1.00	1.70	1.00	2.842 times
30 Thu Nov 2023	1.00	1.00	1.15	0.90	1.066 times
31 Tue Oct 2023	0.95	1.00	1.10	0.90	0.608 times
29 Fri Sep 2023	0.95	0.90	1.25	0.90	1.852 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 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 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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Shrenik in short term and the buy signal is strong.

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 tired and bears are picking up momentum.

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 Shrenik in short term but SELL signal is weak.

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 Shrenik is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1.36 and Shrenik (SHRENIK) 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 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 positive

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