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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 2022-08-11 View latest technical analysis

10 day averaged volume of Bihar Sponge is 12087

Date Daily Closing Price Open High Low Volume
11 Thu Aug 2022 8.95 9.00 9.20 8.82 0.759 times
10 Wed Aug 2022 8.97 9.25 9.25 8.75 0.927 times
08 Mon Aug 2022 8.87 8.51 9.10 8.51 1.152 times
05 Fri Aug 2022 8.82 9.15 9.29 8.80 1.984 times
04 Thu Aug 2022 8.95 8.66 9.24 8.60 1.679 times
03 Wed Aug 2022 8.82 9.10 9.10 8.61 1.395 times
02 Tue Aug 2022 9.00 8.91 9.00 8.50 0.749 times
01 Mon Aug 2022 8.92 9.00 9.00 8.55 0.726 times
29 Fri Jul 2022 8.81 9.22 9.22 8.65 0.45 times
28 Thu Jul 2022 8.81 9.10 9.10 8.80 0.513 times

My analysis of stock is bearish for shortterm, and stock might move down till 8.8 or till 8.5. Use a stoploss of 8.96 and if the stock hits stoploss, then it can shoot up till 9.15

Share price targets for Bihar Sponge (BiharSponge)

Target Type Value
Downside Target 7.96
Downside Target 8.30
Downside Target 8.50
Upside Target 9.14
Upside Target 9.29
Upside Target 9.63
Upside Target 9.65
Upside Target 9.92
Upside Target 11.06
Upside Target 11.69
Upside Target 12.79

Intraday share price targets for Bihar Sponge (BiharSponge)

Target Type Value
Downside Intraday Target 8.56
Downside Intraday Target 8.16
Upside Intraday Target 9.3
Upside Intraday Target 9.64
Downside Intraday Target 8.9

Weekly technical analysis of Bihar Sponge (BiharSponge)

Date Weekly Closing Price Open High Low Volume
11 Thu Aug 2022 8.95 8.51 9.25 8.51 0.434 times
05 Fri Aug 2022 8.82 9.00 9.29 8.50 2.258 times
29 Fri Jul 2022 8.81 9.92 9.92 8.55 0.373 times
22 Fri Jul 2022 9.58 8.70 9.65 8.30 2.536 times
15 Fri Jul 2022 8.86 8.79 9.14 8.31 0.69 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
11 Thu Aug 2022 8.95 9.00 9.29 8.50 0.498 times
29 Fri Jul 2022 8.81 8.79 9.92 8.07 0.245 times
30 Thu Jun 2022 8.49 11.61 12.79 7.97 2.094 times
31 Tue May 2022 11.06 9.94 11.06 7.96 0.522 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 11, 13, 8 Sell
MACD -0, -0Buy
Stochastics 52None
CCI 106Sell
RSI 55Buy
OBV 50684Sell
VWAP 9Buy
ADL 0Sell
ROC 1Buy
Force Index 0Sell

Price action analysis of Bihar Sponge ( (BiharSponge) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Bihar Sponge ( (BiharSponge) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Bihar Sponge ( (BiharSponge) ) based on a short to mid 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 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 green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Bihar Sponge in short term

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 8.89 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 positive

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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