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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 2024-03-21 View latest technical analysis

10 day averaged volume of Shrenik is 13311897

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	0.95	1.05	1.05	0.95	1.114 times
20 Wed Mar 2024	1.05	1.15	1.20	1.05	0.302 times
19 Tue Mar 2024	1.15	1.15	1.15	1.05	0.161 times
18 Mon Mar 2024	1.10	1.00	1.10	0.95	0.656 times
15 Fri Dec 2023	1.45	1.45	1.50	1.45	0.382 times
14 Thu Dec 2023	1.45	1.55	1.55	1.40	0.577 times
13 Wed Dec 2023	1.50	1.65	1.70	1.40	2.109 times
12 Tue Dec 2023	1.55	1.50	1.55	1.45	2.135 times
11 Mon Dec 2023	1.30	1.15	1.30	1.10	2.708 times
08 Fri Dec 2023	1.10	1.10	1.15	1.05	0.429 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1, but if it comes above 1, then a intra day buy could be more profitable.
If you take a sell trade below 1, then use 1 as stoploss and 0.7 as target. However if you take a buy trade in stock , then use 1 as stoploss and 1.15 as target.

Share price targets for Shrenik (SHRENIK)

Target Type	Value
Downside Target	0.90
Downside Target	0.95
Upside Target	1.00
Upside Target	1.10
Upside Target	1.15
Upside Target	1.20
Upside Target	1.25
Upside Target	1.70

Intraday share price targets for Shrenik (SHRENIK)

Target Type	Value
Downside Intraday Target	0.87
Downside Intraday Target	0.78
Upside Intraday Target	1.12
Upside Intraday Target	1.28
Upside Intraday Target	1.03

Weekly technical analysis of Shrenik (SHRENIK)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	0.95	1.00	1.20	0.95	0.282 times
15 Fri Dec 2023	1.45	1.15	1.70	1.10	4.81 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

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 Shrenik (SHRENIK)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	0.95	1.00	1.20	0.95	0.22 times
15 Fri Dec 2023	1.45	1.00	1.70	1.00	2.953 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

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 Shrenik (SHRENIK)

Price action analysis of Shrenik ( (SHRENIK) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Shrenik ( (SHRENIK) ) 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

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

Shrenik 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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Shrenik in short term and SELL 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

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 1.34 and Shrenik (SHRENIK) 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 Shrenik (SHRENIK) stock. Volume based technical analysis of Shrenik (SHRENIK) stock is negative.

Shrenik 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.