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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 2025-01-07 View latest technical analysis

10 day averaged volume of Shrenik is 5237891

Date	Daily Closing Price	Open	High	Low	Volume
07 Tue Jan 2025	0.75	0.75	0.77	0.74	0.291 times
06 Mon Jan 2025	0.77	0.79	0.81	0.77	0.236 times
03 Fri Jan 2025	0.79	0.81	0.83	0.79	0.178 times
02 Thu Jan 2025	0.81	0.80	0.81	0.79	0.267 times
01 Wed Jan 2025	0.78	0.78	0.79	0.75	0.222 times
31 Tue Dec 2024	0.76	0.78	0.78	0.75	0.268 times
30 Mon Dec 2024	0.78	0.76	0.84	0.76	0.455 times
05 Fri Jul 2024	1.32	1.42	1.45	1.32	2.761 times
04 Thu Jul 2024	1.39	1.37	1.39	1.36	0.915 times
03 Wed Jul 2024	1.33	1.30	1.33	1.30	1.278 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 0.8, but if it comes above 0.8, then a intra day buy could be more profitable.
If you take a sell trade below 0.8, then use 0.8 as stoploss and 0.5 as target. However if you take a buy trade in stock , then use 0.8 as stoploss and 0.99 as target.

Share price targets for Shrenik (SHRENIK)

Target Type	Value
Downside Target	0.74
Upside Target	0.81
Upside Target	0.83
Upside Target	0.90
Upside Target	0.96
Upside Target	0.99
Upside Target	1.00
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	0.72
Downside Intraday Target	0.7
Upside Intraday Target	0.79
Upside Intraday Target	0.84
Upside Intraday Target	0.77

Weekly technical analysis of Shrenik (SHRENIK)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Tue Jan 2025	0.75	0.79	0.81	0.74	0.379 times
03 Fri Jan 2025	0.79	0.76	0.84	0.75	0.142 times
05 Fri Jul 2024	1.32	1.11	1.45	1.10	2.955 times
28 Fri Jun 2024	1.06	0.98	1.06	0.96	2.529 times
21 Fri Jun 2024	0.97	0.99	0.99	0.96	0.33 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
07 Tue Jan 2025	0.75	0.78	0.83	0.74	1.652 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
28 Fri Jun 2024	1.06	0.95	1.06	0.85	1.583 times

Scroll below to view daily charts

Price has moved down 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 Weak and stock is gaining momentum.

MACD generated a SELL signal for Shrenik in short term and the sell signal is strong.

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 but selling is losing momentum.

MRSI is in positive zone. This is a BUY 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 1.18 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.