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(ShrigangInd) Shrigang Ind complete technical analysis [charts+indicators] | Buy/Sell Shrigang Ind | (ShrigangInd) share price targets

Complete technical analysis of Shrigang Ind (ShrigangInd) by charts plus indicators, forecast predictions and share price targets for Shrigang Ind (ShrigangInd)

10 day averaged volume of Shrigang Ind is 5982

Date Daily Closing Price Open High Low Volume
30 Tue Apr 2024 84.69 85.50 87.99 82.00 1.808 times
29 Mon Apr 2024 86.16 90.00 90.00 85.50 1.845 times
26 Fri Apr 2024 90.00 91.50 91.50 86.02 1.224 times
25 Thu Apr 2024 90.37 94.00 94.00 89.80 1.17 times
24 Wed Apr 2024 92.20 90.00 93.75 90.00 0.359 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 82.6 as stoploss in an intra day buy trade for a target of 89.81. However, stock will show a bearish move below 82.6.

Share price targets for Shrigang Ind (ShrigangInd)

Target Type Value
Downside Target 69.03
Downside Target 82.00
Upside Target 86.02
Upside Target 90.00
Upside Target 96.65
Upside Target 103.00
Upside Target 108.45
Upside Target 109.45
Upside Target 113.40
Upside Target 136.00
Upside Target 139.55
Upside Target 147.00

Intraday share price targets for Shrigang Ind (ShrigangInd)

Target Type Value
Downside Intraday Target 81.13
Downside Intraday Target 77.56
Upside Intraday Target 89.13
Upside Intraday Target 93.56
Upside Intraday Target 85.56

Weekly technical analysis of Shrigang Ind (ShrigangInd)

Date Weekly Closing Price Open High Low Volume
30 Tue Apr 2024 84.69 90.00 90.00 82.00 0.808 times
26 Fri Apr 2024 90.00 96.00 96.65 86.02 1.32 times
19 Fri Apr 2024 93.03 98.53 103.00 92.00 0.41 times
12 Fri Apr 2024 96.60 98.85 109.45 90.55 1.278 times
05 Fri Apr 2024 91.77 69.99 92.25 69.05 0.486 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 Shrigang Ind (ShrigangInd)

Date Monthly Closing Price Open High Low Volume
30 Tue Apr 2024 84.69 69.99 109.45 69.05 0.381 times
28 Thu Mar 2024 69.03 89.95 91.40 69.03 0.974 times
29 Thu Feb 2024 87.35 127.00 139.55 87.30 1.287 times
31 Wed Jan 2024 126.65 119.55 136.00 108.45 0.815 times

Price has moved up 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 Shrigang Ind (ShrigangInd)

Indicator Name Indicator Value Indicator Signal
ADX 16, 25, 21 Sell
MACD -2, -1Sell
Stochastics 15Sell
CCI -172Sell
RSI 62Buy
OBV -68314Sell
VWAP 89Sell
ADL 0Sell
ROC -11Sell
Force Index 0Sell

Price action analysis of Shrigang Ind ( (ShrigangInd) ) 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 Shrigang Ind ( (ShrigangInd) ) 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 Shrigang Ind ( (ShrigangInd) ) 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 Shrigang Ind ( (ShrigangInd) ) 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 Shrigang Ind stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Shrigang Ind in short term and the sell signal is strong.

Shrigang Ind 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 in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Shrigang Ind in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Shrigang Ind is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 89.06 and Shrigang Ind (ShrigangInd) 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 Shrigang Ind (ShrigangInd) stock. Volume based technical analysis of Shrigang Ind (ShrigangInd) stock is negative.

Shrigang Ind Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Click here for Shrigang Ind charts

Click here for further forecast and predictions for tomorrow

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