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Stock analysis Shrenik Limited SHRENIK

More indepth analysis on MunafaSutra.com

Moving Averages for Shrenik Limited

  • 5Day Average: 0.93
  • 12Day Average: 1.16
  • 20Day Average: 1.13
  • 50Day Average: 1.05
  • 100Day Average: 1.01
  • 150Day Average: 1.01
  • 200Day Average: 1.04

SHRENIK Indicators & signals

Indicator MACD (12,26,9)

1.04, 1.09, 0.01
Indicator MACD is in negative zone

Indicator ADX (14)

0, 46.67, 46.67
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 51
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SHRENIK Shrenik Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
28 Thu Mar 2024 0.90 0.90 to 0.95 0% 0.23 times
27 Wed Mar 2024 0.90 0.90 to 0.95 -5.26% 0.36 times
26 Tue Mar 2024 0.95 0.90 to 1.00 0% 0.44 times
22 Fri Mar 2024 0.95 0.90 to 1.00 0% 0.43 times
21 Thu Mar 2024 0.95 0.95 to 1.05 -9.52% 1.84 times
20 Wed Mar 2024 1.05 1.05 to 1.20 -8.7% 0.5 times
19 Tue Mar 2024 1.15 1.05 to 1.15 4.55% 0.27 times
18 Mon Mar 2024 1.10 0.95 to 1.10 -24.14% 1.08 times
15 Fri Dec 2023 1.45 1.45 to 1.50 0% 0.63 times
14 Thu Dec 2023 1.45 1.40 to 1.55 -3.33% 0.95 times
13 Wed Dec 2023 1.50 1.40 to 1.70 -3.23% 3.49 times
12 Tue Dec 2023 1.55 1.45 to 1.55 19.23% 3.53 times

Technical analysis forecast for Shrenik Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Shrenik Limited SHRENIK at this time. Stock is falling and might fall more.

It appears as if Shrenik Limited SHRENIK gave a large move recently.

Stock of Shrenik Limited (SHRENIK) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

More indepth analysis on MunafaSutra.com