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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 7716

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 78.55 78.50 78.55 74.00 0.381 times
16 Thu May 2024 74.81 74.49 74.81 72.00 0.758 times
15 Wed May 2024 71.25 69.99 71.25 69.99 0.355 times
14 Tue May 2024 67.86 69.50 72.90 66.20 1.693 times
13 Mon May 2024 69.55 72.50 72.50 68.88 1.215 times

My analysis of stock is bearish for shortterm, and stock might move down till 73.1 or till 63.4. Use a stoploss of 81.1 and if the stock hits stoploss, then it can shoot up till 89.12

Share price targets for Shrigang Ind (ShrigangInd)

Target Type Value
Downside Target 66.20
Downside Target 69.03
Downside Target 70.78
Downside Target 78.55
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 70.32
Downside Intraday Target 62.08
Upside Intraday Target 82.67
Upside Intraday Target 86.78
Downside Intraday Target 74.43

Weekly technical analysis of Shrigang Ind (ShrigangInd)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 78.55 72.50 78.55 66.20 0.786 times
10 Fri May 2024 72.50 78.00 84.00 70.78 1.021 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

Price has moved up 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
17 Fri May 2024 78.55 84.69 88.00 66.20 0.616 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 21, 27, 12 Sell
MACD -8, -8Sell
Stochastics 44None
CCI 68Buy
RSI 61Buy
OBV -104963Sell
VWAP 74Buy
ADL 0Sell
ROC -4Sell
Force Index 0Sell

Price action analysis of Shrigang Ind ( (ShrigangInd) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Shrigang Ind ( (ShrigangInd) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Weak and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Shrigang Ind Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 moving up

CCI has generated a buy signal for Shrigang Ind in short term and BUY 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 73.82 and Shrigang Ind (ShrigangInd) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.

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