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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 34136

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 15.16 15.16 15.16 15.15 0.843 times
15 Wed May 2024 14.44 14.44 14.44 14.44 2.151 times
14 Tue May 2024 13.76 13.76 13.76 13.76 0.141 times
13 Mon May 2024 13.11 12.50 13.37 12.50 0.535 times
10 Fri May 2024 12.74 13.26 13.26 12.74 0.497 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 14.8, but if it comes below 14.8, then a intra day sell could be more profitable.
If you take a sell trade below 14.8, then use 14.8 as stoploss and 14.11 as target. However if you take a buy trade in stock , then use 14.8 as stoploss and 15.7 as target.

Share price targets for Bihar Sponge (BiharSponge)

Target Type Value
Downside Target 10.21
Downside Target 12.50
Downside Target 13.13
Downside Target 13.65
Downside Target 14.14
Downside Target 14.69
Downside Target 15.01
Upside Target 15.35
Upside Target 15.93
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 13.39
Downside Intraday Target 11.61
Upside Intraday Target 16.05
Upside Intraday Target 16.93
Downside Intraday Target 14.27

Weekly technical analysis of Bihar Sponge (BiharSponge)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 15.16 12.50 15.16 12.50 0.636 times
10 Fri May 2024 12.74 13.64 13.65 12.74 3.539 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

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 Bihar Sponge (BiharSponge)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 15.16 14.39 15.16 12.50 0.497 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 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 Bihar Sponge (BiharSponge)

Indicator Name Indicator Value Indicator Signal
ADX 38, 31, 11 Buy
MACD -1, -1Buy
Stochastics 87Buy
CCI 186Buy
RSI 66Buy
OBV -278580Sell
VWAP 14Buy
ADL 0Sell
ROC 7Buy
Force Index 0Sell

Price action analysis of Bihar Sponge ( (BiharSponge) ) based on a short 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 Bihar Sponge ( (BiharSponge) ) 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 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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Bihar Sponge 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.

Bihar Sponge Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Bihar Sponge in short term and BUY signal is strong.

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 Bihar Sponge is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 13.73 and Bihar Sponge (BiharSponge) 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 Bihar Sponge (BiharSponge) stock. Volume based technical analysis of Bihar Sponge (BiharSponge) stock is negative.

Bihar Sponge 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.

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