SHRENIK NEWS why is Shrenik Limited price falling or rising

SHRENIK NEWS reasons for why stock price of Shrenik Limited is falling or rising

SHRENIK Shrenik is falling or rising technical reasons

Technical analysis forecast for Shrenik 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 SHRENIK at this time. Stock is falling and might fall more.

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

Stock of Shrenik (SHRENIK) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Shrenik is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Shrenik stays below 1, but if it comes above 1, then a intra day buy could be more profitable.
If you take a sell trade below 1, then use 1 as stoploss and 0.9 as target. However if you take a buy trade in Shrenik, then use 1 as stoploss and 1 as target.

SHRENIK Shrenik is falling or rising NEWS fundamental reasons

Company Announcement - NEWS as on 2024-04-23

Company Announcement Shrenik Limited has informed the Exchange regarding Outcome of Board Meeting held on April 18, 2024 to consider and approve the audited financial results for quarter and year ended 31st March, 2024 - NEWS as on 2024-04-19

Shrenik reports standalone net loss of Rs 108.37 crore in the March 2024 quarter Sales decline 50.08% to Rs 5.99 crore - NEWS as on 2024-04-19 business-standard.com

Company Announcement Shrenik Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2024 - NEWS as on 2024-04-18

Board Meeting to discuss Financial Results To consider and approve the financial results for the period ended March 31, 2024 - NEWS as on 2024-04-15

Company Announcement Shrenik sudhir vimawala has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.  - NEWS as on 2024-04-12

Company Announcement Shrenik Limited has informed the Exchange regarding Outcome of the Board meeting held on February 10, 2024. - NEWS as on 2024-02-12

More announcements and NEWS

SHRENIK Shrenik Limited current price & indicator signals

Moving Averages for Shrenik Limited

  • 5Day Average: 0.97
  • 12Day Average: 0.98
  • 20Day Average: 0.97
  • 50Day Average: 1.05
  • 100Day Average: 1.02
  • 150Day Average: 1.01
  • 200Day Average: 1.03

SHRENIK Indicators & signals

Indicator MACD (12,26,9)

0.98, 1.01, -0.01
Indicator MACD is in negative zone

Indicator ADX (14)

0, 58.33, 58.33
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 50
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
23 Tue Apr 2024 0.95 0.95 to 1.00 -5% 0.98 times
22 Mon Apr 2024 1.00 0.95 to 1.00 5.26% 0.72 times
19 Fri Apr 2024 0.95 0.95 to 1.00 -5% 1.45 times
18 Thu Apr 2024 1.00 0.95 to 1.00 5.26% 1 times
16 Tue Apr 2024 0.95 0.90 to 1.00 0% 1.89 times
15 Mon Apr 2024 0.95 0.95 to 1.00 -5% 0.64 times
12 Fri Apr 2024 1.00 0.95 to 1.00 0% 0.87 times
10 Wed Apr 2024 1.00 0.95 to 1.00 5.26% 0.65 times
09 Tue Apr 2024 0.95 0.95 to 1.00 0% 0.63 times
08 Mon Apr 2024 0.95 0.95 to 1.00 -5% 0.86 times
05 Fri Apr 2024 1.00 0.95 to 1.00 0% 1.29 times
04 Thu Apr 2024 1.00 0.95 to 1.00 0% 0.82 times

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