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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 19108

Date Daily Closing Price Open High Low Volume
27 Fri May 2022 10.04 10.04 10.04 10.04 1.275 times
26 Thu May 2022 9.57 9.57 9.57 9.57 1.994 times
25 Wed May 2022 9.12 9.07 9.12 8.30 1.488 times
24 Tue May 2022 8.69 8.90 9.10 8.51 0.699 times
23 Mon May 2022 8.95 9.41 9.41 8.70 0.666 times
20 Fri May 2022 9.06 9.29 9.29 8.90 0.836 times
19 Thu May 2022 8.86 9.20 9.20 8.85 0.694 times
18 Wed May 2022 9.31 9.12 9.56 8.90 0.78 times
17 Tue May 2022 9.12 9.00 9.12 8.75 0.537 times
16 Mon May 2022 8.69 8.50 8.70 8.25 1.194 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 10.2, for a target of 9.6 or 9.07

Share price targets for Bihar Sponge (BiharSponge)

Target Type Value
Downside Target 7.96
Downside Target 8.25
Downside Target 9.05
Downside Target 9.50
Downside Target 10.04
Upside Target 10.30
Upside Target 11.00
Upside Target 11.05
Upside Target 11.69
Upside Target 13.02
Upside Target 13.50
Upside Target 16.23

Intraday share price targets for Bihar Sponge (BiharSponge)

Target Type Value
Downside Intraday Target 8.88
Downside Intraday Target 7.72
Upside Intraday Target 10.62
Upside Intraday Target 11.2
Downside Intraday Target 9.46

Weekly technical analysis of Bihar Sponge (BiharSponge)

Date Weekly Closing Price Open High Low Volume
27 Fri May 2022 10.04 9.41 10.04 8.30 1.515 times
20 Fri May 2022 9.06 8.50 9.56 8.25 0.786 times
13 Fri May 2022 8.30 9.60 9.60 7.96 0.813 times
06 Fri May 2022 9.27 9.94 10.30 9.05 0.621 times
29 Fri Apr 2022 9.74 10.98 11.05 9.63 0.638 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
27 Fri May 2022 10.04 9.94 10.30 7.96 0.488 times
29 Fri Apr 2022 9.74 11.00 11.69 9.63 0.842 times
31 Thu Mar 2022 10.73 9.50 13.50 9.50 0.933 times
28 Mon Feb 2022 9.99 13.02 13.02 9.63 0.428 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 29, 22, 13 Buy
MACD -1, -1Buy
Stochastics 91Buy
CCI 202Buy
RSI 54Buy
OBV -92312Sell
VWAP 9Buy
ADL 0Sell
ROC 21Buy
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 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 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 BUY. Signal strength is Weak and stock is gaining momentum.

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

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

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 9.22 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.

Click here for Bihar Sponge charts

Click here for further forecast and predictions for tomorrow

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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