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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 2021-11-17 View latest technical analysis

10 day averaged volume of Bihar Sponge is 37244

Date Daily Closing Price Open High Low Volume
17 Wed Nov 2021 8.80 9.40 9.40 8.65 1.198 times
16 Tue Nov 2021 9.06 8.87 9.25 8.41 1.544 times
15 Mon Nov 2021 8.85 9.40 9.45 8.57 1.104 times
12 Fri Nov 2021 9.02 9.35 9.35 8.52 0.894 times
11 Thu Nov 2021 8.96 8.85 9.31 8.50 2.144 times
10 Wed Nov 2021 8.87 9.40 9.40 8.80 1.645 times
09 Tue Nov 2021 9.06 9.40 9.40 8.80 0.462 times
08 Mon Nov 2021 9.26 9.45 9.45 9.00 0.484 times
04 Thu Nov 2021 9.24 9.10 9.65 9.10 0.285 times
03 Wed Nov 2021 9.24 9.32 9.60 8.91 0.676 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 8.9, but if it comes above 8.9, then a intra day buy could be more profitable.
If you take a sell trade below 8.9, then use 8.9 as stoploss and 8.5 as target. However if you take a buy trade in stock , then use 8.9 as stoploss and 9.29 as target.

Share price targets for Bihar Sponge (BiharSponge)

Target Type Value
Downside Target 7.80
Downside Target 8.34
Upside Target 8.96
Upside Target 9.45
Upside Target 9.65
Upside Target 10.29
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 8.32
Downside Intraday Target 7.85
Upside Intraday Target 9.36
Upside Intraday Target 9.93
Upside Intraday Target 8.89

Weekly technical analysis of Bihar Sponge (BiharSponge)

Date Weekly Closing Price Open High Low Volume
17 Wed Nov 2021 8.80 9.40 9.45 8.41 0.683 times
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

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
17 Wed Nov 2021 8.80 9.20 9.65 8.41 0.375 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 8, 16, 33 Sell
MACD -1, -1Sell
Stochastics 38None
CCI -58Buy
RSI 46Sell
OBV -206420Sell
VWAP 9Sell
ADL 0Sell
ROC -6Sell
Force Index 0Sell

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 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 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.

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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

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 8.98 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.

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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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