(BengalTea) Bengal Tea complete technical analysis [charts+indicators] | Buy/Sell Bengal Tea | (BengalTea) share price targets
Complete technical analysis of Bengal Tea (BengalTea) by charts plus indicators, forecast predictions and share price targets for Bengal Tea (BengalTea)
10 day averaged volume of Bengal Tea is 1206
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Wed May 2024 | 130.50 | 139.00 | 139.00 | 130.00 | 0.19 times |
| 07 Tue May 2024 | 130.75 | 147.00 | 147.00 | 128.45 | 0.518 times |
| 06 Mon May 2024 | 131.10 | 136.10 | 144.50 | 127.00 | 1.699 times |
| 03 Fri May 2024 | 139.65 | 149.00 | 149.00 | 138.60 | 0.519 times |
| 02 Thu May 2024 | 140.75 | 147.80 | 147.80 | 140.00 | 0.931 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 134, but if it comes above 134, then a intra day buy could be more profitable.
If you take a sell trade below 134, then use 134 as stoploss and 125.7 as target. However if you take a buy trade in stock , then use 134 as stoploss and 140.89 as target.
Share price targets for Bengal Tea (BengalTea)
| Target Type | Value |
| Downside Target | 92.40 |
| Downside Target | 104.30 |
| Downside Target | 116.44 |
| Downside Target | 123.55 |
| Downside Target | 127.00 |
| Upside Target | 134.80 |
| Upside Target | 138.60 |
| Upside Target | 145.00 |
| Upside Target | 147.00 |
| Upside Target | 149.00 |
| Upside Target | 151.00 |
| Upside Target | 153.80 |
| Upside Target | 153.95 |
Intraday share price targets for Bengal Tea (BengalTea)
| Target Type | Value |
| Downside Intraday Target | 122.67 |
| Downside Intraday Target | 114.83 |
| Upside Intraday Target | 142.67 |
| Upside Intraday Target | 154.83 |
| Upside Intraday Target | 134.83 |
Weekly technical analysis of Bengal Tea (BengalTea)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Wed May 2024 | 130.50 | 136.10 | 147.00 | 127.00 | 0.642 times |
| 03 Fri May 2024 | 139.65 | 148.25 | 153.80 | 138.60 | 0.423 times |
| 26 Fri Apr 2024 | 148.25 | 151.00 | 153.95 | 145.00 | 0.828 times |
| 19 Fri Apr 2024 | 150.90 | 141.80 | 151.00 | 135.00 | 0.837 times |
| 12 Fri Apr 2024 | 138.20 | 135.00 | 140.00 | 128.60 | 0.691 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 Bengal Tea (BengalTea)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 08 Wed May 2024 | 130.50 | 147.80 | 149.00 | 127.00 | 0.073 times |
| 30 Tue Apr 2024 | 142.25 | 123.55 | 153.95 | 123.55 | 1.511 times |
| 28 Thu Mar 2024 | 130.40 | 126.10 | 134.80 | 118.20 | 0.427 times |
| 29 Thu Feb 2024 | 126.00 | 114.80 | 127.30 | 104.30 | 0.87 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 Bengal Tea (BengalTea)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 12, 14, 8 | Sell |
| MACD | 3, 7 | Sell |
| Stochastics | 14 | Sell |
| CCI | -124 | Sell |
| RSI | 57 | Buy |
| OBV | 9654 | Sell |
| VWAP | 142 | Sell |
| ADL | 0 | Sell |
| ROC | -13 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Bengal Tea ( (BengalTea) ) 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 Bengal Tea ( (BengalTea) ) 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 Bengal Tea ( (BengalTea) ) 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 Bengal Tea ( (BengalTea) ) 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 Bengal Tea stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Bengal Tea in short term but the sell signal is initial and weak.
Bengal Tea 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 Bengal Tea 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 positive zone. This is a BUY zone
Stock of Bengal Tea is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 142.05 and Bengal Tea (BengalTea) 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 Bengal Tea (BengalTea) stock. Volume based technical analysis of Bengal Tea (BengalTea) stock is negative.
Bengal Tea 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.
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