(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)
10 day averaged volume of Shrenik is 1236056
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 0.95 | 0.95 | 1.00 | 0.95 | 0.989 times |
| 16 Thu May 2024 | 0.95 | 0.95 | 1.00 | 0.95 | 0.632 times |
| 15 Wed May 2024 | 0.95 | 1.00 | 1.00 | 0.95 | 0.923 times |
| 14 Tue May 2024 | 1.00 | 0.95 | 1.00 | 0.90 | 0.83 times |
| 13 Mon May 2024 | 0.95 | 1.00 | 1.00 | 0.95 | 0.951 times |
My analysis of stock is bearish for shortterm, and stock might move down till 0.9 or till 0.9. Use a stoploss of 0.96 and if the stock hits stoploss, then it can shoot up till 0.98
Share price targets for Shrenik (SHRENIK)
| Target Type | Value |
| Downside Target | 0.90 |
| Downside Target | 0.95 |
| Upside Target | 1.00 |
| Upside Target | 1.15 |
| Upside Target | 1.20 |
| Upside Target | 1.70 |
Intraday share price targets for Shrenik (SHRENIK)
| Target Type | Value |
| Downside Intraday Target | 0.9 |
| Downside Intraday Target | 0.85 |
| Upside Intraday Target | 1 |
| Upside Intraday Target | 1.05 |
| Downside Intraday Target | 0.95 |
Weekly technical analysis of Shrenik (SHRENIK)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 0.95 | 1.00 | 1.00 | 0.90 | 0.762 times |
| 10 Fri May 2024 | 0.95 | 1.00 | 1.00 | 0.90 | 0.795 times |
| 03 Fri May 2024 | 1.00 | 1.00 | 1.00 | 0.90 | 1.431 times |
| 26 Fri Apr 2024 | 0.95 | 0.95 | 1.00 | 0.95 | 0.756 times |
| 19 Fri Apr 2024 | 0.95 | 1.00 | 1.00 | 0.90 | 1.653 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 |
| 17 Fri May 2024 | 0.95 | 1.00 | 1.00 | 0.90 | 0.63 times |
| 30 Tue Apr 2024 | 0.95 | 0.95 | 1.00 | 0.90 | 0.725 times |
| 28 Thu Mar 2024 | 0.90 | 1.00 | 1.20 | 0.90 | 0.307 times |
| 15 Fri Dec 2023 | 1.45 | 1.00 | 1.70 | 1.00 | 2.953 times |
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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 50, 50, 0 | Sell |
| MACD | -0, -0 | Sell |
| Stochastics | 50 | None |
| CCI | 42 | Sell |
| RSI | 50 | Sell |
| OBV | 382106 | Sell |
| VWAP | 1 | Sell |
| ADL | 0 | Sell |
| ROC | -5 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Shrenik ( (SHRENIK) ) based on a short term time period is
Price action analysis of Shrenik ( (SHRENIK) ) based on a short term time period is
Price action analysis of Shrenik ( (SHRENIK) ) based on a short to mid term time period is
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 SELL signal for Shrenik in short term and the sell signal is strong.
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 coming down
CCI has generated a SELL signal for Shrenik in short term
RSI is generating a SELL signal in short term but selling is losing 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 0.95 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.
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