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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 9480

Date Daily Closing Price Open High Low Volume
07 Tue May 2024 75.39 78.98 79.99 74.55 1.542 times
06 Mon May 2024 78.47 78.00 84.00 77.82 1.682 times
03 Fri May 2024 81.91 87.75 88.00 81.70 1.238 times
02 Thu May 2024 86.00 84.69 86.99 81.75 0.919 times
30 Tue Apr 2024 84.69 85.50 87.99 82.00 1.141 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 76.1, for a target of 83.8 or 90.28

Share price targets for Shrigang Ind (ShrigangInd)

Target Type Value
Downside Target 69.03
Downside Target 74.55
Upside Target 81.70
Upside Target 84.00
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 136.00
Upside Target 139.55

Intraday share price targets for Shrigang Ind (ShrigangInd)

Target Type Value
Downside Intraday Target 71.96
Downside Intraday Target 68.53
Upside Intraday Target 81.41
Upside Intraday Target 87.43
Upside Intraday Target 77.98

Weekly technical analysis of Shrigang Ind (ShrigangInd)

Date Weekly Closing Price Open High Low Volume
07 Tue May 2024 75.39 78.00 84.00 74.55 0.723 times
03 Fri May 2024 81.91 90.00 90.00 81.70 1.564 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

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
07 Tue May 2024 75.39 84.69 88.00 74.55 0.322 times
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

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 Shrigang Ind (ShrigangInd)

Indicator Name Indicator Value Indicator Signal
ADX 12, 28, 40 Sell
MACD -5, -3Sell
Stochastics 3Sell
CCI -157Sell
RSI 57Buy
OBV -84742Sell
VWAP 83Sell
ADL 0Sell
ROC -16Sell
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 getting stronger in this stock.

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 but buying 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 Shrigang Ind is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 83.44 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 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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