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

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

10 day averaged volume of Gitarenew is 6047

Date	Daily Closing Price	Open	High	Low	Volume
10 Fri May 2024	196.50	196.50	196.50	196.50	0.343 times
09 Thu May 2024	200.50	200.50	200.50	200.50	1.102 times
08 Wed May 2024	204.55	204.55	204.55	204.55	1.407 times
07 Tue May 2024	194.85	194.85	194.85	194.85	0.898 times
06 Mon May 2024	185.60	185.60	185.60	185.60	1.104 times
03 Fri May 2024	176.80	168.40	176.80	168.40	3.454 times
02 Thu May 2024	168.40	168.40	168.40	168.40	0.553 times
30 Tue Apr 2024	160.40	160.40	160.40	160.40	0.685 times
29 Mon Apr 2024	152.80	152.80	152.80	152.80	0.5 times
26 Fri Apr 2024	145.55	145.55	145.55	145.55	0.165 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 183.4, but if it comes below 183.4, then a intra day sell could be more profitable.
If you take a sell trade below 183.4, then use 183.4 as stoploss and 160.1 as target. However if you take a buy trade in stock , then use 183.4 as stoploss and 211.4 as target.

Share price targets for Gitarenew (Gitarenew)

Target Type	Value
Downside Target	130.25
Downside Target	137.00
Downside Target	145.00
Downside Target	150.05
Downside Target	160.40
Downside Target	168.40
Downside Target	173.30
Downside Target	176.80
Downside Target	185.60
Upside Target	204.55
Upside Target	243.85
Upside Target	310.30

Intraday share price targets for Gitarenew (Gitarenew)

Target Type	Value
Downside Intraday Target	186.55
Downside Intraday Target	176.6
Upside Intraday Target	205.5
Upside Intraday Target	214.5
Downside Intraday Target	195.55

Weekly technical analysis of Gitarenew (Gitarenew)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Fri May 2024	196.50	185.60	204.55	185.60	0.935 times
03 Fri May 2024	176.80	152.80	176.80	152.80	2.531 times
26 Fri Apr 2024	145.55	142.10	145.55	137.00	1.362 times
19 Fri Apr 2024	142.10	139.45	145.00	139.45	0.88 times
12 Fri Apr 2024	142.25	150.05	150.05	142.15	0.534 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 Gitarenew (Gitarenew)

Date	Monthly Closing Price	Open	High	Low	Volume
10 Fri May 2024	196.50	168.40	204.55	168.40	0.917 times
30 Tue Apr 2024	160.40	155.05	160.40	137.00	0.747 times
28 Thu Mar 2024	158.20	173.15	174.85	130.25	1.385 times
29 Thu Feb 2024	176.65	243.85	243.85	173.30	0.066 times

Scroll below to view daily charts

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 Gitarenew (Gitarenew)

Price action analysis of Gitarenew ( (Gitarenew) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Gitarenew ( (Gitarenew) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Gitarenew ( (Gitarenew) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Gitarenew ( (Gitarenew) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Gitarenew stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Gitarenew in short term and the buy signal is strong.

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

Gitarenew Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Gitarenew in short term but SELL signal is weak.

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 Gitarenew is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 183.14 and Gitarenew (Gitarenew) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Gitarenew (Gitarenew) stock. Volume based technical analysis of Gitarenew (Gitarenew) stock is negative.

Gitarenew Stock is giving positive 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.