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

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

Showing technical analysis as on 2024-02-20 View latest technical analysis

10 day averaged volume of Shrenik is 1201711

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	1.15	1.15	1.15	1.10	1.722 times
19 Mon Feb 2024	1.10	1.10	1.10	1.05	1.949 times
16 Fri Feb 2024	1.05	1.10	1.10	1.05	0.914 times
15 Thu Feb 2024	1.10	1.10	1.10	1.10	0.3 times
14 Wed Feb 2024	1.10	1.05	1.10	1.05	0.265 times
13 Tue Feb 2024	1.10	1.05	1.10	1.05	0.854 times
12 Mon Feb 2024	1.10	1.15	1.15	1.10	1.241 times
09 Fri Feb 2024	1.15	1.15	1.15	1.15	1.145 times
08 Thu Feb 2024	1.10	1.10	1.10	1.10	0.911 times
07 Wed Feb 2024	1.05	1.05	1.05	1.05	0.996 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 1.2, for a target of 1.1 or 1.1

Share price targets for Shrenik (SHRENIK_BE)

Target Type	Value
Downside Target	1.05
Downside Target	1.10
Downside Target	1.15
Upside Target	1.20
Upside Target	1.25
Upside Target	1.45
Upside Target	1.50
Upside Target	2.40
Upside Target	2.50
Upside Target	2.90
Upside Target	3.50

Intraday share price targets for Shrenik (SHRENIK_BE)

Target Type	Value
Downside Intraday Target	1.08
Downside Intraday Target	1.02
Upside Intraday Target	1.18
Upside Intraday Target	1.22
Downside Intraday Target	1.12

Weekly technical analysis of Shrenik (SHRENIK_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	1.15	1.10	1.15	1.05	1.027 times
16 Fri Feb 2024	1.05	1.15	1.15	1.05	0.714 times
09 Fri Feb 2024	1.15	1.10	1.15	1.05	1.318 times
02 Fri Feb 2024	1.10	1.10	1.10	1.10	0.938 times
25 Thu Jan 2024	1.10	1.25	1.25	1.05	0.81 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	1.15	1.10	1.15	1.05	0.44 times
31 Wed Jan 2024	1.10	1.25	1.50	1.05	1.743 times
29 Fri Dec 2023	1.25	1.40	1.45	1.20	0.788 times
28 Mon Mar 2022	2.45	2.55	2.90	2.40	0.666 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_BE)

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

Price action analysis of Shrenik ( (SHRENIK_BE) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Shrenik ( (SHRENIK_BE) ) 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_BE) ) based on a mid to longer 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.

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal.

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 1.1 and Shrenik (SHRENIK_BE) 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_BE) stock. Volume based technical analysis of Shrenik (SHRENIK_BE) 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.