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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)

Showing technical analysis as on 2023-03-24 View latest technical analysis

10 day averaged volume of Gitarenew is 2387

Date	Daily Closing Price	Open	High	Low	Volume
24 Fri Mar 2023	92.04	92.00	94.40	90.05	0.539 times
23 Thu Mar 2023	91.73	94.14	94.14	90.65	0.941 times
22 Wed Mar 2023	91.85	90.11	95.00	90.11	0.663 times
21 Tue Mar 2023	93.89	93.30	95.87	90.32	0.938 times
20 Mon Mar 2023	91.39	97.50	97.50	89.05	1.219 times
17 Fri Mar 2023	93.26	96.99	96.99	88.25	1.196 times
16 Thu Mar 2023	92.38	96.90	96.90	86.20	0.807 times
15 Wed Mar 2023	92.67	93.00	93.99	86.30	0.78 times
14 Tue Mar 2023	88.52	94.00	97.80	78.60	1.804 times
13 Mon Mar 2023	93.85	93.60	97.40	93.60	0.662 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 91.5 as stoploss in an intra day buy trade for a target of 94.01. However, stock will show a bearish move below 91.5.

Share price targets for Gitarenew (Gitarenew)

Target Type	Value
Downside Target	78.60
Downside Target	88.00
Upside Target	93.00
Upside Target	97.50
Upside Target	100.00
Upside Target	100.75
Upside Target	102.15
Upside Target	105.70
Upside Target	113.50
Upside Target	121.40
Upside Target	123.00
Upside Target	151.60

Intraday share price targets for Gitarenew (Gitarenew)

Target Type	Value
Downside Intraday Target	88.23
Downside Intraday Target	84.41
Upside Intraday Target	96.68
Upside Intraday Target	101.31
Upside Intraday Target	92.86

Weekly technical analysis of Gitarenew (Gitarenew)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Fri Mar 2023	92.04	97.50	97.50	89.05	0.819 times
17 Fri Mar 2023	93.26	93.60	97.80	78.60	0.891 times
10 Fri Mar 2023	96.18	96.00	100.75	93.00	0.702 times
03 Fri Mar 2023	96.22	97.80	100.00	89.95	2.219 times
24 Fri Feb 2023	95.40	102.15	102.15	93.30	0.479 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 Gitarenew (Gitarenew)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Fri Mar 2023	92.04	94.95	100.75	78.60	0.29 times
28 Tue Feb 2023	91.75	99.00	123.00	88.00	3.229 times
31 Tue Jan 2023	98.65	111.95	113.50	94.50	0.778 times
30 Fri Dec 2022	108.40	120.75	121.40	100.00	0.536 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 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 Gitarenew ( (Gitarenew) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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

MACD generated a BUY signal for Gitarenew in short term but the buy signal is initial and weak.

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

Gitarenew 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. Bulls 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 moving up

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 91.79 and Gitarenew (Gitarenew) 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 Gitarenew (Gitarenew) stock. Volume based technical analysis of Gitarenew (Gitarenew) stock is negative.

Gitarenew 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.