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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 2022-11-16 View latest technical analysis

10 day averaged volume of Bihar Sponge is 34897

Date Daily Closing Price Open High Low Volume
16 Wed Nov 2022 10.02 10.39 10.44 9.65 1.715 times
15 Tue Nov 2022 9.96 9.96 9.96 9.30 3.336 times
14 Mon Nov 2022 9.49 9.40 9.49 8.60 1.612 times
11 Fri Nov 2022 9.04 9.00 9.30 8.72 1.124 times
10 Thu Nov 2022 8.98 8.93 9.05 8.62 0.373 times
09 Wed Nov 2022 8.87 8.70 9.00 8.40 0.675 times
07 Mon Nov 2022 8.73 8.40 8.95 8.21 0.547 times
04 Fri Nov 2022 8.57 8.65 8.85 8.39 0.933 times
03 Thu Nov 2022 8.83 8.50 8.84 8.45 0.498 times
02 Wed Nov 2022 8.55 8.90 9.00 8.40 0.632 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 9.9, for a target of 9.3 or 8.81

Share price targets for Bihar Sponge (BiharSponge)

Target Type Value
Downside Target 8.01
Downside Target 8.60
Downside Target 8.84
Downside Target 9.00
Downside Target 9.24
Downside Target 9.28
Downside Target 9.29
Downside Target 9.30
Downside Target 9.92
Upside Target 10.44

Intraday share price targets for Bihar Sponge (BiharSponge)

Target Type Value
Downside Intraday Target 8.93
Downside Intraday Target 7.85
Upside Intraday Target 10.77
Upside Intraday Target 11.53
Downside Intraday Target 9.69

Weekly technical analysis of Bihar Sponge (BiharSponge)

Date Weekly Closing Price Open High Low Volume
16 Wed Nov 2022 10.02 9.40 10.44 8.60 2.45 times
11 Fri Nov 2022 9.04 8.40 9.30 8.21 0.997 times
04 Fri Nov 2022 8.57 8.60 9.00 8.25 3.222 times
28 Fri Oct 2022 8.59 8.45 8.84 8.10 0.743 times
21 Fri Oct 2022 8.45 8.33 8.73 8.01 0.67 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Bihar Sponge (BiharSponge)

Date Monthly Closing Price Open High Low Volume
16 Wed Nov 2022 10.02 8.99 10.44 8.21 1.915 times
31 Mon Oct 2022 8.62 8.70 9.28 8.01 0.389 times
30 Fri Sep 2022 8.70 9.05 9.24 8.25 1.587 times
30 Tue Aug 2022 8.83 9.00 9.29 8.22 1.522 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Bihar Sponge (BiharSponge)

Indicator Name Indicator Value Indicator Signal
ADX 26, 8, 52 Buy
MACD 0, 0Buy
Stochastics 94Buy
CCI 178Buy
RSI 57Buy
OBV 300400Sell
VWAP 9Buy
ADL 0Sell
ROC 15Buy
Force Index 0Sell

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 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 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 mid to longer 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.

ADX buy sell signal for Bihar Sponge stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Bihar Sponge in short term and the buy signal is strong.

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 green color and prices are above the green 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 but buying is losing 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 9.42 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

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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