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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 2025-01-29 View latest technical analysis

10 day averaged volume of Shrenik is 773320

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed Jan 2025	0.71	0.71	0.73	0.70	1.223 times
28 Tue Jan 2025	0.70	0.71	0.72	0.69	0.997 times
27 Mon Jan 2025	0.70	0.71	0.73	0.69	1.089 times
24 Fri Jan 2025	0.72	0.74	0.74	0.72	0.554 times
23 Thu Jan 2025	0.73	0.74	0.75	0.72	1.056 times
22 Wed Jan 2025	0.73	0.74	0.75	0.73	1.069 times
21 Tue Jan 2025	0.73	0.74	0.75	0.72	1.095 times
20 Mon Jan 2025	0.73	0.75	0.75	0.72	0.843 times
17 Fri Jan 2025	0.73	0.75	0.76	0.73	0.942 times
16 Thu Jan 2025	0.74	0.72	0.74	0.71	1.236 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 0.7 as stoploss in an intra day buy trade for a target of 0.74. However, stock will show a bearish move below 0.7.

Share price targets for Shrenik (SHRENIK)

Target Type	Value
Downside Target	0.69
Upside Target	0.72
Upside Target	0.77
Upside Target	0.81
Upside Target	0.83
Upside Target	0.84
Upside Target	0.85
Upside Target	0.90
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	0.69
Downside Intraday Target	0.67
Upside Intraday Target	0.73
Upside Intraday Target	0.75
Downside Intraday Target	0.71

Weekly technical analysis of Shrenik (SHRENIK)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed Jan 2025	0.71	0.71	0.73	0.69	0.717 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
03 Fri Jan 2025	0.79	0.76	0.84	0.75	0.142 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
29 Wed Jan 2025	0.71	0.78	0.83	0.69	5.635 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 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 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 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Shrenik in short term but BUY signal is weak.

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 0.72 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.