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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 2021-09-09 View latest technical analysis

10 day averaged volume of Bihar Sponge is 131248

Date Daily Closing Price Open High Low Volume
09 Thu Sep 2021 11.84 12.10 12.10 11.10 0.398 times
08 Wed Sep 2021 11.54 12.40 12.47 11.36 1.163 times
07 Tue Sep 2021 11.88 10.76 11.88 10.76 1.577 times
06 Mon Sep 2021 11.32 12.00 12.00 11.32 0.47 times
03 Fri Sep 2021 11.91 12.19 12.19 11.16 2.894 times
02 Thu Sep 2021 11.61 11.61 11.61 11.61 0.386 times
01 Wed Sep 2021 11.06 11.06 11.06 11.06 0.594 times
31 Tue Aug 2021 10.54 10.54 10.54 10.54 0.817 times
30 Mon Aug 2021 10.04 10.04 10.04 9.40 0.646 times
27 Fri Aug 2021 9.57 10.38 10.39 9.42 0.576 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 11.4, but if it comes below 11.4, then a intra day sell could be more profitable.
If you take a sell trade below 11.4, then use 11.4 as stoploss and 10.09 as target. However if you take a buy trade in stock , then use 11.4 as stoploss and 12.9 as target.

Share price targets for Bihar Sponge (BiharSponge)

Target Type Value
Downside Target 4.48
Downside Target 6.18
Downside Target 7.80
Downside Target 8.19
Downside Target 8.99
Downside Target 9.40
Downside Target 10.03
Downside Target 10.42
Downside Target 10.73
Downside Target 11.54
Upside Target 12.19
Upside Target 12.47
Upside Target 13.00

Intraday share price targets for Bihar Sponge (BiharSponge)

Target Type Value
Downside Intraday Target 10.91
Downside Intraday Target 9.98
Upside Intraday Target 12.62
Upside Intraday Target 13.4
Downside Intraday Target 11.69

Weekly technical analysis of Bihar Sponge (BiharSponge)

Date Weekly Closing Price Open High Low Volume
09 Thu Sep 2021 11.84 12.00 12.47 10.76 0.676 times
03 Fri Sep 2021 11.91 10.04 12.19 9.40 1.377 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

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 Bihar Sponge (BiharSponge)

Date Monthly Closing Price Open High Low Volume
09 Thu Sep 2021 11.84 11.06 12.47 10.76 0.61 times
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

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 35, 16, 37 Buy
MACD 1, 1Buy
Stochastics 81Buy
CCI 59Sell
RSI 51Buy
OBV 1047646Sell
VWAP 11Buy
ADL 0Sell
ROC 20Buy
Force Index 0Sell

Price action analysis of Bihar Sponge ( (BiharSponge) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Bihar Sponge ( (BiharSponge) ) based on a short term time period is

Price action analysis of Bihar Sponge ( (BiharSponge) ) based on a short to mid 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 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 losing 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 SELL signal for Bihar Sponge in short term but SELL 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 Bihar Sponge is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 11.38 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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Daily charts

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Daily chart

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