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Shrenik (SHRENIK_SM) Technical (Analysis) Reports Shrenik ["Technical Analysis"] Reports -NSE Stock Exchange MunafaSutra.com
Complete & easy to understand technical analysis of Shrenik (SHRENIK_SM)
Technical Analysis Report for NSE stock SHRENIK_SM Shrenik. Dated: 01 Aug 2019 Updated Daily. Stock trades in NSE stock exchange
If you are looking for Tomorrow's Movement Predictions for NSE stock SHRENIK_SM Shrenik then click here. or read Experts views on Shrenik or Forecast & share price targets of Shrenik
Shrenik Opened at 62.90 and Closed at: 64.10, which is 1.25% of previous session's close. It moved within a range of 61.30 and 68.65
The session was a Bullish session with an average volume of 225000, which is -24.72% of previous session's volumes.
- Even though the stock has shown an up move, but the short term trend of the stock remains negative and in a downtrend.
- Even though the stock has shown an up move, but the mid term trend of the stock remains negative and in a downtrend.
- Even though the stock has shown an up move, but the long term trend of the stock remains negative and in a downtrend.
A Dead cross was found 5 days back on short term averages
A Golden cross was found 8 days back on short term averages
Support for tomorrow is 62.7 and resistance for tomorrow is 70.05
These support and resistance points are valid for the first 5-15 minutes charts
Above are simple pivot point calculations. For a list of much stronger support and resistance levels click here. These are way more stronger support and resistance levels, and mark trend reversals and are Support & Resistance levels recommended by experts.
Support for tomorrow's hourly charts is 60.72, 57.33 resistance for tomorrow's hourly charts is 68.07, 72.03
10 Day SMA for Shrenik (SHRENIK_SM) is 67.79 and stock is trading below these levels. This is not a good sign for its short term trend
20 Day SMA for Shrenik (SHRENIK_SM) is 68.99 and the stock is trading below these levels. This is not a good sign for its mid term trend
50 Day SMA for Shrenik (SHRENIK_SM) is 75.31 and the stock is trading below these levels. This is not a good sign for its mid to long term trend
100 Day SMA is 79.68 and the stock is trading below these levels. This is not a good sign for its long term trend
200 Day SMA Shrenik is 86.55 and stock is trading below these levels. This is not a good sign for its long term trend
20 DMA of Shrenik is at 68.99 and 200 DMA is at 86.55, while 50 DMA and 100 DMA are at 75.31 and 79.68 respectively
Shrenik (SHRENIK_SM) moving average of 20 SMA is at 68.99 and 20 EMA is at 69.24
| Date | Closing Price | 20 SMA | 20 EMA |
| 01 Thu Aug | 64.10 | 68.99 | 69.24 |
| 31 Wed Jul | 63.30 | 69.33 | 69.78 |
| 30 Tue Jul | 66.35 | 69.74 | 70.46 |
| 29 Mon Jul | 67.90 | 69.94 | 70.89 |
| 26 Fri Jul | 68.60 | 70.08 | 71.21 |
| 25 Thu Jul | 69.10 | 70.2 | 71.49 |
Shrenik (SHRENIK_SM) moving average of 50 SMA is at 75.31 and 50 EMA is at 73.88
| Date | Closing Price | 50 SMA | 50 EMA |
| 01 Thu Aug | 64.10 | 75.31 | 73.88 |
| 31 Wed Jul | 63.30 | 75.58 | 74.28 |
| 30 Tue Jul | 66.35 | 75.92 | 74.73 |
| 29 Mon Jul | 67.90 | 76.17 | 75.07 |
| 26 Fri Jul | 68.60 | 76.37 | 75.36 |
| 25 Thu Jul | 69.10 | 76.55 | 75.64 |
Shrenik (SHRENIK_SM) moving average of 100 SMA is at 79.68 and 100 EMA is at 84
| Date | Closing Price | 100 SMA | 100 EMA |
| 01 Thu Aug | 64.10 | 79.68 | 84 |
| 31 Wed Jul | 63.30 | 79.94 | 84.4 |
| 30 Tue Jul | 66.35 | 80.19 | 84.83 |
| 29 Mon Jul | 67.90 | 80.42 | 85.2 |
| 26 Fri Jul | 68.60 | 80.65 | 85.55 |
| 25 Thu Jul | 69.10 | 80.88 | 85.89 |
Shrenik (SHRENIK_SM) moving average of 200 SMA is at 86.55 and 200 EMA is at 128.99
| Date | Closing Price | 200 SMA | 200 EMA |
| 01 Thu Aug | 64.10 | 86.55 | 128.99 |
| 31 Wed Jul | 63.30 | 86.68 | 129.65 |
| 30 Tue Jul | 66.35 | 86.8 | 130.32 |
| 29 Mon Jul | 67.90 | 86.91 | 130.97 |
| 26 Fri Jul | 68.60 | 87.01 | 131.61 |
| 25 Thu Jul | 69.10 | 87.1 | 132.25 |
Shrenik Technical analysis of indicators
Price action analysis of Shrenik (SHRENIK_SM) 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.
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 and selling is picking up momentum.
MRSI is in positive zone. This is a BUY 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 67.76 and Shrenik SHRENIK_SM 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_SM stock. Volume based technical analysis of Shrenik SHRENIK_SM 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.
Tomorrow's Predictions
You should also read Tomorrow's Movement Predictions for NSE stock SHRENIK_SM Shrenik These predictions are based on various factors, are easy to understand, and upto 75% accurate!
And SHRENIK_SM Experts View which covers a lot of information including buying and selling signals
SHRENIK_SM future forecast & share price targets
You can also take a look at the Charts and indicator analysis here Announcements & NEWS by Shrenik or View Candle Stick Charts here
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