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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 2022-08-16 View latest technical analysis

10 day averaged volume of Bihar Sponge is 12788

Date Daily Closing Price Open High Low Volume
16 Tue Aug 2022 8.83 8.70 9.04 8.45 2.774 times
12 Fri Aug 2022 8.87 9.09 9.15 8.55 0.718 times
11 Thu Aug 2022 8.95 9.00 9.20 8.82 0.718 times
10 Wed Aug 2022 8.97 9.25 9.25 8.75 0.876 times
08 Mon Aug 2022 8.87 8.51 9.10 8.51 1.089 times
05 Fri Aug 2022 8.82 9.15 9.29 8.80 1.875 times
04 Thu Aug 2022 8.95 8.66 9.24 8.60 1.587 times
03 Wed Aug 2022 8.82 9.10 9.10 8.61 1.318 times
02 Tue Aug 2022 9.00 8.91 9.00 8.50 0.708 times
01 Mon Aug 2022 8.92 9.00 9.00 8.55 0.686 times

Stock of Bihar Sponge (BiharSponge) has showed a significant fall. This could be a good time to exit from this stock.

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 8.8 as stoploss in an intra day buy trade for a target of 8.96. However, stock will show a bearish move below 8.8.

Share price targets for Bihar Sponge (BiharSponge)

Target Type Value
Downside Target 7.96
Downside Target 8.30
Upside Target 9.04
Upside Target 9.25
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 8.51
Downside Intraday Target 8.18
Upside Intraday Target 9.1
Upside Intraday Target 9.36
Downside Intraday Target 8.77

Weekly technical analysis of Bihar Sponge (BiharSponge)

Date Weekly Closing Price Open High Low Volume
16 Tue Aug 2022 8.83 8.70 9.04 8.45 0.816 times
12 Fri Aug 2022 8.87 8.51 9.25 8.51 0.551 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

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
16 Tue Aug 2022 8.83 9.00 9.29 8.45 0.695 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 9, 16, 29 Sell
MACD -0, -0Buy
Stochastics 50None
CCI -106Sell
RSI 58Buy
OBV -8206Sell
VWAP 9Sell
ADL 0Sell
ROC 0Buy
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 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 BUY signal for Bihar Sponge in short term but the buy signal is initial and weak.

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 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 and SELL 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 8.88 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 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

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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