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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 2021-11-12 View latest technical analysis

10 day averaged volume of Bihar Sponge is 30935

Date Daily Closing Price Open High Low Volume
12 Fri Nov 2021 9.02 9.35 9.35 8.52 1.077 times
11 Thu Nov 2021 8.96 8.85 9.31 8.50 2.581 times
10 Wed Nov 2021 8.87 9.40 9.40 8.80 1.981 times
09 Tue Nov 2021 9.06 9.40 9.40 8.80 0.556 times
08 Mon Nov 2021 9.26 9.45 9.45 9.00 0.582 times
04 Thu Nov 2021 9.24 9.10 9.65 9.10 0.343 times
03 Wed Nov 2021 9.24 9.32 9.60 8.91 0.814 times
02 Tue Nov 2021 9.32 9.40 9.49 8.59 0.917 times
01 Mon Nov 2021 9.04 9.20 9.60 8.95 0.815 times
29 Fri Oct 2021 9.15 9.33 9.60 9.01 0.224 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 9 as stoploss in an intra day buy trade for a target of 9.48. However, stock will show a bearish move below 9.

Share price targets for Bihar Sponge (BiharSponge)

Target Type Value
Downside Target 7.80
Downside Target 8.34
Downside Target 8.96
Upside Target 9.45
Upside Target 9.65
Upside Target 10.29
Upside Target 10.67
Upside Target 10.73
Upside Target 10.98
Upside Target 11.33
Upside Target 11.54
Upside Target 12.49

Intraday share price targets for Bihar Sponge (BiharSponge)

Target Type Value
Downside Intraday Target 8.53
Downside Intraday Target 8.04
Upside Intraday Target 9.48
Upside Intraday Target 9.94
Downside Intraday Target 8.99

Weekly technical analysis of Bihar Sponge (BiharSponge)

Date Weekly Closing Price Open High Low Volume
12 Fri Nov 2021 9.02 9.45 9.45 8.50 2.345 times
04 Thu Nov 2021 9.24 9.20 9.65 8.59 0.82 times
29 Fri Oct 2021 9.15 9.65 10.29 8.96 0.236 times
22 Fri Oct 2021 9.85 10.00 10.98 9.55 1.818 times
14 Thu Oct 2021 10.08 10.64 10.67 9.60 0.839 times

Price has moved down 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
12 Fri Nov 2021 9.02 9.20 9.65 8.50 0.253 times
29 Fri Oct 2021 9.15 10.65 11.33 8.96 0.626 times
30 Thu Sep 2021 10.15 11.06 12.49 9.60 1.171 times
31 Tue Aug 2021 10.54 9.74 10.73 7.80 1.01 times

Scroll below to view daily charts

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 Bihar Sponge (BiharSponge)

Indicator Name Indicator Value Indicator Signal
ADX 7, 19, 47 Sell
MACD -1, -1Sell
Stochastics 32None
CCI -103Buy
RSI 46Sell
OBV 24489Sell
VWAP 9Sell
ADL 0Sell
ROC -3Sell
Force Index 0Sell

Price action analysis of Bihar Sponge ( (BiharSponge) ) 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 Bihar Sponge ( (BiharSponge) ) 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 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 SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Bihar Sponge 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.

Bihar Sponge Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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 but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 9.05 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 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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