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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 2023-09-21 View latest technical analysis

10 day averaged volume of Gitarenew is 4882

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Sep 2023	123.60	126.00	128.00	123.00	0.446 times
20 Wed Sep 2023	125.85	128.00	128.00	123.50	0.678 times
18 Mon Sep 2023	127.50	128.75	129.95	124.20	0.66 times
15 Fri Sep 2023	126.20	133.00	133.00	123.00	0.778 times
14 Thu Sep 2023	128.60	126.50	128.60	118.00	1.771 times
13 Wed Sep 2023	122.50	123.50	125.00	118.80	1.267 times
12 Tue Sep 2023	125.05	127.50	131.50	123.50	1.138 times
11 Mon Sep 2023	129.50	132.30	135.00	128.00	1.075 times
08 Fri Sep 2023	129.70	130.95	133.10	128.00	0.928 times
07 Thu Sep 2023	130.15	130.50	131.50	128.00	0.943 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 126.3, but if it comes above 126.3, then a intra day buy could be more profitable.
If you take a sell trade below 126.3, then use 126.3 as stoploss and 121.5 as target. However if you take a buy trade in stock , then use 126.3 as stoploss and 130.28 as target.

Share price targets for Gitarenew (Gitarenew)

Target Type	Value
Downside Target	70.00
Downside Target	73.81
Downside Target	85.18
Downside Target	90.95
Downside Target	97.00
Downside Target	106.75
Downside Target	116.43
Downside Target	123.00
Upside Target	127.25
Upside Target	135.00
Upside Target	139.00
Upside Target	140.00
Upside Target	144.30

Intraday share price targets for Gitarenew (Gitarenew)

Target Type	Value
Downside Intraday Target	121.08
Downside Intraday Target	118.57
Upside Intraday Target	128.03
Upside Intraday Target	132.47
Upside Intraday Target	125.52

Weekly technical analysis of Gitarenew (Gitarenew)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Sep 2023	123.60	128.75	129.95	123.00	0.296 times
15 Fri Sep 2023	126.20	132.30	135.00	118.00	1.019 times
08 Fri Sep 2023	129.70	133.15	139.00	127.25	0.883 times
01 Fri Sep 2023	133.65	137.80	140.00	128.15	0.541 times
25 Fri Aug 2023	134.60	139.00	144.30	130.00	0.371 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
21 Thu Sep 2023	123.60	136.65	139.00	118.00	0.15 times
31 Thu Aug 2023	134.10	103.20	144.30	97.00	3.532 times
31 Mon Jul 2023	100.25	103.90	106.75	90.95	0.248 times
30 Fri Jun 2023	103.28	76.95	116.43	73.81	2.9 times

Scroll below to view daily charts

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 Gitarenew (Gitarenew)

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 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 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 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 SELL. Signal strength is Weak and stock is losing momentum.

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

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. 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 Gitarenew 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

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 127.05 and Gitarenew (Gitarenew) 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 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.