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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 11125

Date Daily Closing Price Open High Low Volume
05 Fri Aug 2022 8.82 9.15 9.29 8.80 2.155 times
04 Thu Aug 2022 8.95 8.66 9.24 8.60 1.824 times
03 Wed Aug 2022 8.82 9.10 9.10 8.61 1.515 times
02 Tue Aug 2022 9.00 8.91 9.00 8.50 0.814 times
01 Mon Aug 2022 8.92 9.00 9.00 8.55 0.789 times
30 Sat Jul 2022 8.81 9.22 9.22 8.65 0.489 times
28 Thu Jul 2022 8.81 9.10 9.10 8.80 0.558 times
27 Wed Jul 2022 8.83 8.80 9.23 8.55 0.462 times
26 Tue Jul 2022 8.92 9.00 9.45 8.80 1.078 times
25 Mon Jul 2022 9.26 9.92 9.92 9.20 0.556 times

Stock of Bihar Sponge (BiharSponge) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, and stock might move down till 8.7 or till 8.5. Use a stoploss of 8.93 and if the stock hits stoploss, then it can shoot up till 9.14

Share price targets for Bihar Sponge (BiharSponge)

Target Type Value
Downside Target 7.96
Downside Target 8.30
Downside Target 8.50
Downside Target 8.79
Upside Target 9.14
Upside Target 9.63
Upside Target 9.65
Upside Target 9.92
Upside Target 11.06
Upside Target 11.69
Upside Target 12.79

Intraday share price targets for Bihar Sponge (BiharSponge)

Target Type Value
Downside Intraday Target 8.45
Downside Intraday Target 8.08
Upside Intraday Target 9.24
Upside Intraday Target 9.66
Upside Intraday Target 8.87

Weekly technical analysis of Bihar Sponge (BiharSponge)

Date Weekly Closing Price Open High Low Volume
05 Fri Aug 2022 8.82 9.00 9.29 8.50 2.258 times
30 Sat Jul 2022 8.81 9.92 9.92 8.55 0.373 times
22 Fri Jul 2022 9.58 8.70 9.65 8.30 2.536 times
15 Fri Jul 2022 8.86 8.79 9.14 8.31 0.69 times
08 Fri Jul 2022 8.74 8.55 8.79 8.10 0.666 times

Price has moved up 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
05 Fri Aug 2022 8.82 9.00 9.29 8.50 0.347 times
30 Sat Jul 2022 8.81 8.79 9.92 8.07 0.245 times
30 Thu Jun 2022 8.49 11.61 12.79 7.97 1.992 times
31 Tue May 2022 11.06 9.94 11.06 7.96 0.549 times

Scroll below to view daily charts

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 13, 13, 0 Sell
MACD -0, -0Buy
Stochastics 26Sell
CCI 6Buy
RSI 56Buy
OBV 37903Sell
VWAP 9Sell
ADL 0Sell
ROC -8Sell
Force Index 0Sell

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 term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Bihar Sponge ( (BiharSponge) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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.

Bihar Sponge 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 below the red cloud Prices appear to be coming down

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 8.9 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Click here for Bihar Sponge charts

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Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

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