SHRENIK technical summary

At ₹0.25, Shrenik Limited is trading 7.1% below its 50-day average of ₹0.27 and 29.3% below its 200-day average of ₹0.35. The 14-day RSI is 52.9, in the neutral range between 30 and 70. MACD is -0.01 against a signal line of -0.02, so the MACD line sits above its signal line. ADX(14) reads 57.4, a strong trend reading (25 or above); ADX measures trend strength, not direction. The 52-week range is ₹0.19 to ₹0.65, with the price 13% of the way up it. Classic daily pivot levels from the 30 Oct 2026 session: pivot ₹0.25, resistance ₹0.24 and ₹0.25, support ₹0.24 and ₹0.25.