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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 2023-09-27 View latest technical analysis

10 day averaged volume of Gitarenew is 3916

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Sep 2023	120.25	123.00	127.00	119.00	1.134 times
26 Tue Sep 2023	121.30	116.90	122.00	116.90	0.52 times
25 Mon Sep 2023	123.05	125.20	125.30	120.00	0.386 times
22 Fri Sep 2023	122.80	126.50	126.50	120.05	0.694 times
21 Thu Sep 2023	123.60	126.00	128.00	123.00	0.555 times
20 Wed Sep 2023	125.85	128.00	128.00	123.50	0.845 times
18 Mon Sep 2023	127.50	128.75	129.95	124.20	0.823 times
15 Fri Sep 2023	126.20	133.00	133.00	123.00	0.97 times
14 Thu Sep 2023	128.60	126.50	128.60	118.00	2.208 times
13 Wed Sep 2023	122.50	123.50	125.00	118.80	1.58 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 123.3, but if it comes above 123.3, then a intra day buy could be more profitable.
If you take a sell trade below 123.3, then use 123.3 as stoploss and 118 as target. However if you take a buy trade in stock , then use 123.3 as stoploss and 127.72 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
Upside Target	127.00
Upside Target	129.95
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	115.77
Downside Intraday Target	111.28
Upside Intraday Target	125.87
Upside Intraday Target	131.48
Upside Intraday Target	121.38

Weekly technical analysis of Gitarenew (Gitarenew)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Sep 2023	120.25	125.20	127.00	116.90	0.699 times
22 Fri Sep 2023	122.80	128.75	129.95	120.05	0.388 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

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
27 Wed Sep 2023	120.25	136.65	139.00	116.90	0.171 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 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 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 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 buy signal for Gitarenew in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 124.75 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 negative.

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