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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 2025-05-12 View latest technical analysis

10 day averaged volume of Shrenik is 619767

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon May 2025	0.62	0.60	0.63	0.60	1.167 times
09 Fri May 2025	0.60	0.57	0.61	0.57	0.848 times
08 Thu May 2025	0.61	0.59	0.61	0.59	0.598 times
07 Wed May 2025	0.59	0.60	0.61	0.59	0.676 times
06 Tue May 2025	0.61	0.62	0.62	0.60	0.631 times
05 Mon May 2025	0.63	0.64	0.64	0.60	2.317 times
02 Fri May 2025	0.64	0.68	0.68	0.64	0.878 times
30 Wed Apr 2025	0.66	0.65	0.67	0.64	0.7 times
29 Tue Apr 2025	0.66	0.67	0.69	0.66	0.675 times
28 Mon Apr 2025	0.67	0.70	0.71	0.66	1.229 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 0.6 as stoploss in an intra day buy trade for a target of 0.69. However, stock will show a bearish move below 0.6.

Share price targets for Shrenik (SHRENIK_BE)

Target Type	Value
Downside Target	0.57
Downside Target	0.60
Upside Target	0.63
Upside Target	0.71
Upside Target	0.73
Upside Target	0.75
Upside Target	0.77
Upside Target	0.84
Upside Target	0.90
Upside Target	0.92

Intraday share price targets for Shrenik (SHRENIK_BE)

Target Type	Value
Downside Intraday Target	0.6
Downside Intraday Target	0.59
Upside Intraday Target	0.63
Upside Intraday Target	0.65
Downside Intraday Target	0.62

Weekly technical analysis of Shrenik (SHRENIK_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon May 2025	0.62	0.60	0.63	0.60	0.23 times
09 Fri May 2025	0.60	0.64	0.64	0.57	1.456 times
02 Fri May 2025	0.64	0.70	0.71	0.64	0.489 times
25 Fri Apr 2025	0.68	0.77	0.77	0.65	0.758 times
27 Fri Dec 2024	0.80	0.81	0.84	0.75	0.714 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
12 Mon May 2025	0.62	0.68	0.68	0.57	0.732 times
30 Wed Apr 2025	0.66	0.77	0.77	0.64	0.311 times
27 Fri Dec 2024	0.80	0.73	0.92	0.73	0.922 times
29 Fri Nov 2024	0.73	0.75	0.84	0.67	0.672 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_BE)

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 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 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 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 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 but selling is losing 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 0.63 and Shrenik (SHRENIK_BE) 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_BE) stock. Volume based technical analysis of Shrenik (SHRENIK_BE) 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.