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(BiharSponge) Bihar Sponge complete technical analysis [charts+indicators] | Buy/Sell Bihar Sponge | (BiharSponge) share price targets

Complete technical analysis of Bihar Sponge (BiharSponge) by charts plus indicators, forecast predictions and share price targets for Bihar Sponge (BiharSponge)

10 day averaged volume of Bihar Sponge is 39904

Date Daily Closing Price Open High Low Volume
07 Tue May 2024 13.38 13.45 13.45 13.38 1.451 times
06 Mon May 2024 13.65 13.64 13.65 13.64 1.441 times
03 Fri May 2024 13.91 14.12 14.12 13.85 0.48 times
02 Thu May 2024 14.12 14.39 14.39 14.12 0.363 times
30 Tue Apr 2024 14.40 14.60 14.60 14.40 0.168 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 14, but if it comes above 14, then a intra day buy could be more profitable.
If you take a sell trade below 14, then use 14 as stoploss and 12.5 as target. However if you take a buy trade in stock , then use 14 as stoploss and 15.14 as target.

Share price targets for Bihar Sponge (BiharSponge)

Target Type Value
Downside Target 10.21
Downside Target 13.13
Upside Target 13.65
Upside Target 14.14
Upside Target 14.69
Upside Target 15.01
Upside Target 15.35
Upside Target 15.93
Upside Target 16.25
Upside Target 17.50
Upside Target 17.64
Upside Target 21.29
Upside Target 22.44

Intraday share price targets for Bihar Sponge (BiharSponge)

Target Type Value
Downside Intraday Target 13.29
Downside Intraday Target 13.2
Upside Intraday Target 13.56
Upside Intraday Target 13.74
Upside Intraday Target 13.47

Weekly technical analysis of Bihar Sponge (BiharSponge)

Date Weekly Closing Price Open High Low Volume
07 Tue May 2024 13.38 13.64 13.65 13.38 2.074 times
03 Fri May 2024 13.91 14.41 14.69 13.85 0.216 times
26 Fri Apr 2024 14.70 14.71 14.71 14.14 3.468 times
19 Fri Apr 2024 15.01 15.93 15.93 15.01 0.669 times
12 Fri Apr 2024 16.25 17.40 17.64 16.25 0.442 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Bihar Sponge (BiharSponge)

Date Monthly Closing Price Open High Low Volume
07 Tue May 2024 13.38 14.39 14.39 13.38 0.208 times
30 Tue Apr 2024 14.40 13.50 17.64 13.36 0.649 times
28 Thu Mar 2024 13.63 16.44 17.50 13.13 0.263 times
29 Thu Feb 2024 16.26 19.22 22.44 15.35 0.772 times

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 Bihar Sponge (BiharSponge)

Indicator Name Indicator Value Indicator Signal
ADX 20, 51, 45 Sell
MACD -1, -1Sell
Stochastics 2Sell
CCI -167Sell
RSI 63Buy
OBV -278753Sell
VWAP 14Sell
ADL 0Sell
ROC -9Sell
Force Index 0Sell

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

MACD generated a SELL signal for Bihar Sponge in short term and the sell signal is strong.

Bihar Sponge Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 Bihar Sponge in short term and SELL signal is strong!

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

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Bihar Sponge is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 14.09 and Bihar Sponge (BiharSponge) 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 Bihar Sponge (BiharSponge) stock. Volume based technical analysis of Bihar Sponge (BiharSponge) stock is negative.

Bihar Sponge 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.

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