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(BenglaAsm) Bengla Asm complete technical analysis [charts+indicators] | Buy/Sell Bengla Asm | (BenglaAsm) share price targets

Complete technical analysis of Bengla Asm (BenglaAsm) by charts plus indicators, forecast predictions and share price targets for Bengla Asm (BenglaAsm)

10 day averaged volume of Bengla Asm is 960

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 8200.00 8375.00 8375.00 8100.00 0.392 times
15 Wed May 2024 8084.00 8240.05 8389.55 8002.05 0.369 times
14 Tue May 2024 8212.00 8444.00 8444.00 8175.00 0.297 times
13 Mon May 2024 8270.35 8498.90 8498.90 8150.00 0.401 times
10 Fri May 2024 8330.85 8250.05 8750.90 8211.00 0.667 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 8169.5 as stoploss in an intra day buy trade for a target of 8284.17. However, stock will show a bearish move below 8169.5.

Share price targets for Bengla Asm (BenglaAsm)

Target Type Value
Downside Target 7500.00
Downside Target 7801.60
Downside Target 8002.05
Upside Target 8347.90
Upside Target 8800.00
Upside Target 8970.00
Upside Target 9150.00
Upside Target 9699.80
Upside Target 9998.85
Upside Target 10388.95

Intraday share price targets for Bengla Asm (BenglaAsm)

Target Type Value
Downside Intraday Target 7968.4
Downside Intraday Target 7736.8
Upside Intraday Target 8465.25
Upside Intraday Target 8730.5
Upside Intraday Target 8233.65

Weekly technical analysis of Bengla Asm (BenglaAsm)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 8200.00 8498.90 8498.90 8002.05 0.173 times
10 Fri May 2024 8330.85 8699.95 8800.00 8150.00 9.75 times
03 Fri May 2024 8300.00 8398.90 8550.05 8076.00 0.286 times
26 Fri Apr 2024 8381.20 8062.00 8800.00 8062.00 1.6 times
19 Fri Apr 2024 8061.55 7801.60 8347.90 7801.60 0.732 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 Bengla Asm (BenglaAsm)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 8200.00 8341.05 8800.00 8002.05 1.048 times
30 Tue Apr 2024 8339.00 8900.00 9150.00 7801.60 0.111 times
28 Thu Mar 2024 8546.75 9998.85 9998.85 7578.00 4.837 times
29 Thu Feb 2024 9888.80 9500.00 10388.95 8970.00 0.761 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 Bengla Asm (BenglaAsm)

Indicator Name Indicator Value Indicator Signal
ADX 18, 15, 9 Buy
MACD -140, -130Sell
Stochastics 17Sell
CCI -68Buy
RSI 57Buy
OBV -5193Sell
VWAP 8253Sell
ADL 0Sell
ROC -1Sell
Force Index 0Sell

Price action analysis of Bengla Asm ( (BenglaAsm) ) 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 Bengla Asm ( (BenglaAsm) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Bengla Asm ( (BenglaAsm) ) 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 Bengla Asm ( (BenglaAsm) ) 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 Bengla Asm stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Bengla Asm in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Bengla Asm 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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Bengla Asm in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 Bengla Asm is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 8253.12 and Bengla Asm (BenglaAsm) 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 Bengla Asm (BenglaAsm) stock. Volume based technical analysis of Bengla Asm (BenglaAsm) stock is negative.

Bengla Asm 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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