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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)

Showing technical analysis as on 2021-08-31 View latest technical analysis

10 day averaged volume of Bihar Sponge is 83773

Date Daily Closing Price Open High Low Volume
31 Tue Aug 2021 10.54 10.54 10.54 10.54 1.28 times
30 Mon Aug 2021 10.04 10.04 10.04 9.40 1.012 times
27 Fri Aug 2021 9.57 10.38 10.39 9.42 0.903 times
26 Thu Aug 2021 9.90 8.99 9.93 8.99 1.373 times
25 Wed Aug 2021 9.46 9.95 9.95 9.46 0.889 times
24 Tue Aug 2021 9.95 10.42 10.42 9.45 2.39 times
23 Mon Aug 2021 9.93 9.93 9.93 9.93 0.515 times
20 Fri Aug 2021 9.46 9.46 9.46 9.46 1.181 times
18 Wed Aug 2021 9.01 9.01 9.01 9.01 0.544 times
17 Tue Aug 2021 8.59 8.59 8.59 8.59 0.251 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 10.1, but if it comes below 10.1, then a intra day sell could be more profitable.
If you take a sell trade below 10.1, then use 10.1 as stoploss and 9.36 as target. However if you take a buy trade in stock , then use 10.1 as stoploss and 11 as target.

Share price targets for Bihar Sponge (BiharSponge)

Target Type Value
Downside Target 2.17
Downside Target 4.40
Downside Target 6.18
Downside Target 7.80
Downside Target 8.19
Downside Target 8.99
Downside Target 9.20
Downside Target 9.40
Downside Target 10.03
Downside Target 10.42
Downside Target 10.54
Upside Target 10.73
Upside Target 11.54
Upside Target 13.00

Intraday share price targets for Bihar Sponge (BiharSponge)

Target Type Value
Downside Intraday Target 9.78
Downside Intraday Target 9.02
Upside Intraday Target 10.92
Upside Intraday Target 11.3
Downside Intraday Target 10.16

Weekly technical analysis of Bihar Sponge (BiharSponge)

Date Weekly Closing Price Open High Low Volume
31 Tue Aug 2021 10.54 10.04 10.54 9.40 0.378 times
27 Fri Aug 2021 9.57 9.93 10.42 8.99 2.08 times
20 Fri Aug 2021 9.46 8.19 9.46 8.19 0.913 times
13 Fri Aug 2021 7.80 8.85 10.03 7.80 0.675 times
06 Fri Aug 2021 9.28 9.74 10.73 9.20 1.354 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
31 Tue Aug 2021 10.54 9.74 10.73 7.80 1.01 times
30 Fri Jul 2021 9.28 11.54 11.54 8.34 0.836 times
30 Wed Jun 2021 11.77 6.30 13.00 6.30 1.974 times
31 Mon May 2021 6.18 4.48 6.18 4.48 2.58 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 37, 18, 35 Buy
MACD 0, 0Buy
Stochastics 84Buy
CCI 162Buy
RSI 51Buy
OBV 479182Sell
VWAP 10Buy
ADL 0Sell
ROC 29Buy
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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Bihar Sponge in short term and the buy signal is strong.

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 negative zone. This is the SELL 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 9.81 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 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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Daily charts

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Daily chart

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