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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 2022-05-26 View latest technical analysis

10 day averaged volume of Bihar Sponge is 17968

Date Daily Closing Price Open High Low Volume
26 Thu May 2022 9.57 9.57 9.57 9.57 2.121 times
25 Wed May 2022 9.12 9.07 9.12 8.30 1.582 times
24 Tue May 2022 8.69 8.90 9.10 8.51 0.744 times
23 Mon May 2022 8.95 9.41 9.41 8.70 0.709 times
20 Fri May 2022 9.06 9.29 9.29 8.90 0.89 times
19 Thu May 2022 8.86 9.20 9.20 8.85 0.738 times
18 Wed May 2022 9.31 9.12 9.56 8.90 0.83 times
17 Tue May 2022 9.12 9.00 9.12 8.75 0.571 times
16 Mon May 2022 8.69 8.50 8.70 8.25 1.27 times
13 Fri May 2022 8.30 8.43 8.43 8.06 1.181 times

Stock of Bihar Sponge (BiharSponge) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 9.6 as stoploss in an intra day sell trade for a target of 9.08. However, stock will show a bullish move above 9.6.

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
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 8.72
Downside Intraday Target 7.88
Upside Intraday Target 9.99
Upside Intraday Target 10.42
Downside Intraday Target 9.15

Weekly technical analysis of Bihar Sponge (BiharSponge)

Date Weekly Closing Price Open High Low Volume
26 Thu May 2022 9.57 9.41 9.57 8.30 1.2 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
26 Thu May 2022 9.57 9.94 10.30 7.96 0.459 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 24, 24, 0 Sell
MACD -1, -1Buy
Stochastics 73Buy
CCI 163Buy
RSI 52Buy
OBV -116678Sell
VWAP 9Buy
ADL 0Sell
ROC 19Buy
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 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 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 losing 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

Stock of Bihar Sponge is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 9.02 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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