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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 2022-05-25 View latest technical analysis

10 day averaged volume of Bihar Sponge is 16743

Date Daily Closing Price Open High Low Volume
25 Wed May 2022 9.12 9.07 9.12 8.30 1.698 times
24 Tue May 2022 8.69 8.90 9.10 8.51 0.798 times
23 Mon May 2022 8.95 9.41 9.41 8.70 0.76 times
20 Fri May 2022 9.06 9.29 9.29 8.90 0.955 times
19 Thu May 2022 8.86 9.20 9.20 8.85 0.792 times
18 Wed May 2022 9.31 9.12 9.56 8.90 0.891 times
17 Tue May 2022 9.12 9.00 9.12 8.75 0.612 times
16 Mon May 2022 8.69 8.50 8.70 8.25 1.363 times
13 Fri May 2022 8.30 8.43 8.43 8.06 1.267 times
12 Thu May 2022 8.03 8.55 8.60 7.96 1.595 times

My analysis of stock is bearish for shortterm, and stock might move down till 8.5 or till 7.8. Use a stoploss of 9.13 and if the stock hits stoploss, then it can shoot up till 9.74

Share price targets for Bihar Sponge (BiharSponge)

Target Type Value
Downside Target 7.96
Downside Target 8.25
Downside Target 9.05
Upside Target 9.41
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 8.48
Downside Intraday Target 7.83
Upside Intraday Target 9.59
Upside Intraday Target 10.05
Downside Intraday Target 8.94

Weekly technical analysis of Bihar Sponge (BiharSponge)

Date Weekly Closing Price Open High Low Volume
25 Wed May 2022 9.12 9.41 9.41 8.30 0.706 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, 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
25 Wed May 2022 9.12 9.94 10.30 7.96 0.414 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 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 16, 25, 20 Sell
MACD -1, -1Buy
Stochastics 60None
CCI 12Buy
RSI 51Buy
OBV -189779Sell
VWAP 9Buy
ADL 0Sell
ROC 9Buy
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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 8.75 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

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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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