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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 4778

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu Nov 2023	116.50	118.00	120.00	113.00	1.333 times
29 Wed Nov 2023	116.65	116.85	118.00	115.10	0.874 times
28 Tue Nov 2023	115.50	116.50	117.00	113.00	1.168 times
24 Fri Nov 2023	114.20	117.70	117.70	113.00	0.476 times
23 Thu Nov 2023	113.85	115.05	117.80	111.80	1.268 times
22 Wed Nov 2023	115.00	117.90	117.90	114.10	0.929 times
21 Tue Nov 2023	114.80	119.00	119.00	114.00	0.852 times
20 Mon Nov 2023	114.10	116.00	116.00	113.60	2.311 times
17 Fri Nov 2023	113.15	113.85	113.85	111.15	0.505 times
16 Thu Nov 2023	113.85	113.00	114.90	112.05	0.655 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 115.3, but if it comes below 115.3, then a intra day sell could be more profitable.
If you take a sell trade below 115.3, then use 115.3 as stoploss and 113.26 as target. However if you take a buy trade in stock , then use 115.3 as stoploss and 117.7 as target.

Share price targets for Gitarenew (Gitarenew)

Target Type	Value
Downside Target	90.95
Downside Target	97.00
Downside Target	105.65
Downside Target	111.80
Upside Target	116.90
Upside Target	117.10
Upside Target	119.00
Upside Target	120.00
Upside Target	124.00
Upside Target	139.00
Upside Target	144.30

Intraday share price targets for Gitarenew (Gitarenew)

Target Type	Value
Downside Intraday Target	113
Downside Intraday Target	109.5
Upside Intraday Target	120
Upside Intraday Target	123.5
Downside Intraday Target	116.5

Weekly technical analysis of Gitarenew (Gitarenew)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu Nov 2023	116.50	116.50	120.00	113.00	0.578 times
24 Fri Nov 2023	114.20	116.00	119.00	111.80	1.359 times
17 Fri Nov 2023	113.15	108.00	114.90	105.65	1.132 times
10 Fri Nov 2023	108.00	114.40	115.50	106.00	1.696 times
03 Fri Nov 2023	111.35	117.00	117.10	107.00	1.221 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
30 Thu Nov 2023	116.50	114.00	120.00	105.65	1.278 times
31 Tue Oct 2023	110.20	120.55	124.00	106.35	0.771 times
29 Fri Sep 2023	123.30	136.65	139.00	116.90	0.183 times
31 Thu Aug 2023	134.10	103.20	144.30	97.00	3.532 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 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 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 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 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 Weak and stock is losing 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 tired and bears are picking up momentum.

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 Gitarenew in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Gitarenew is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 114.83 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.