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(SharatIndus) Sharat Indus complete technical analysis [charts+indicators] | Buy/Sell Sharat Indus | (SharatIndus) share price targets

Complete technical analysis of Sharat Indus (SharatIndus) by charts plus indicators, forecast predictions and share price targets for Sharat Indus (SharatIndus)

Showing technical analysis as on 2024-05-31 View latest technical analysis

10 day averaged volume of Sharat Indus is 13780

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	45.18	47.50	47.50	44.60	0.897 times
30 Thu May 2024	46.55	45.00	47.48	45.00	0.654 times
29 Wed May 2024	48.98	45.50	49.01	45.50	1.331 times
28 Tue May 2024	49.89	51.55	53.50	49.00	0.297 times
27 Mon May 2024	51.64	54.00	54.05	51.50	0.735 times
24 Fri May 2024	53.98	59.00	59.00	52.45	0.995 times
23 Thu May 2024	54.71	52.90	56.99	51.60	3.056 times
22 Wed May 2024	52.47	52.00	52.59	51.11	0.709 times
21 Tue May 2024	51.96	52.69	53.00	50.50	1.723 times
18 Sat May 2024	50.80	47.05	50.95	47.05	0.233 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 46.3, but if it comes above 46.3, then a intra day buy could be more profitable.
If you take a sell trade below 46.3, then use 46.3 as stoploss and 43 as target. However if you take a buy trade in stock , then use 46.3 as stoploss and 48.98 as target.

Share price targets for Sharat Indus (SharatIndus)

Target Type	Value
Downside Target	42.00
Downside Target	44.60
Upside Target	46.50
Upside Target	49.18
Upside Target	50.95
Upside Target	52.68
Upside Target	54.05
Upside Target	54.29
Upside Target	59.00
Upside Target	64.90
Upside Target	70.45

Intraday share price targets for Sharat Indus (SharatIndus)

Target Type	Value
Downside Intraday Target	41.84
Downside Intraday Target	38.49
Upside Intraday Target	51.29
Upside Intraday Target	57.39
Upside Intraday Target	47.94

Weekly technical analysis of Sharat Indus (SharatIndus)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri May 2024	45.18	54.00	54.05	44.60	0.604 times
24 Fri May 2024	53.98	52.69	59.00	50.50	2.055 times
18 Sat May 2024	50.80	46.50	50.95	46.50	2.414 times
10 Fri May 2024	45.91	49.40	49.40	45.00	0.919 times
03 Fri May 2024	48.51	46.50	49.18	45.50	0.694 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 Sharat Indus (SharatIndus)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Fri May 2024	45.18	46.80	59.00	44.60	2.131 times
30 Tue Apr 2024	46.00	43.99	49.88	42.75	0.364 times
28 Thu Mar 2024	42.21	51.45	52.68	42.00	0.727 times
29 Thu Feb 2024	51.42	58.00	64.90	50.01	0.691 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Sharat Indus (SharatIndus)

Price action analysis of Sharat Indus ( (SharatIndus) ) 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 Sharat Indus ( (SharatIndus) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Sharat Indus ( (SharatIndus) ) 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 Sharat Indus stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Sharat Indus in short term but the sell signal is initial and weak.

Sharat Indus 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 green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Sharat Indus 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 Sharat Indus is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 51.59 and Sharat Indus (SharatIndus) 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 Sharat Indus (SharatIndus) stock. Volume based technical analysis of Sharat Indus (SharatIndus) stock is negative.

Sharat Indus 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.