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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 2024-02-22 View latest technical analysis

10 day averaged volume of Bihar Sponge is 129725

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	16.83	16.75	17.38	15.90	1.359 times
21 Wed Feb 2024	16.73	17.65	17.70	16.65	0.442 times
20 Tue Feb 2024	17.35	17.56	17.65	16.55	1.943 times
19 Mon Feb 2024	17.22	17.44	17.99	16.71	0.773 times
16 Fri Feb 2024	17.44	17.85	18.00	17.05	0.633 times
15 Thu Feb 2024	17.90	17.04	18.78	17.04	1.808 times
14 Wed Feb 2024	17.93	17.93	17.93	17.93	0.274 times
13 Tue Feb 2024	18.87	18.87	18.87	18.87	0.165 times
12 Mon Feb 2024	19.86	19.91	21.00	19.86	0.872 times
09 Fri Feb 2024	20.90	21.56	21.56	19.70	1.534 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 17.7, but if it comes above 17.7, then a intra day buy could be more profitable.
If you take a sell trade below 17.7, then use 17.7 as stoploss and 15.8 as target. However if you take a buy trade in stock , then use 17.7 as stoploss and 19.3 as target.

Share price targets for Bihar Sponge (BiharSponge)

Target Type	Value
Downside Target	8.87
Downside Target	9.30
Downside Target	9.50
Downside Target	10.21
Downside Target	10.80
Downside Target	11.24
Downside Target	11.60
Downside Target	15.90
Downside Target	16.66
Upside Target	17.04
Upside Target	17.99
Upside Target	19.32
Upside Target	21.00
Upside Target	21.29
Upside Target	22.44

Intraday share price targets for Bihar Sponge (BiharSponge)

Target Type	Value
Downside Intraday Target	15.82
Downside Intraday Target	14.82
Upside Intraday Target	17.91
Upside Intraday Target	19
Upside Intraday Target	16.91

Weekly technical analysis of Bihar Sponge (BiharSponge)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	16.83	17.44	17.99	15.90	1.204 times
16 Fri Feb 2024	17.44	19.91	21.00	17.04	0.267 times
09 Fri Feb 2024	20.90	21.09	22.44	19.70	1.331 times
02 Fri Feb 2024	20.09	20.28	21.29	18.26	1.124 times
25 Thu Jan 2024	19.32	16.70	19.32	16.66	0.725 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
22 Thu Feb 2024	16.83	19.22	22.44	15.90	0.681 times
31 Wed Jan 2024	20.23	10.79	21.29	10.21	4.42 times
29 Fri Dec 2023	10.60	10.73	10.80	9.50	1.13 times
30 Thu Nov 2023	10.52	10.08	11.24	9.30	0.73 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)

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 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Bihar Sponge in short term but the sell signal is initial and weak.

Bihar Sponge Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

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 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 18.17 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 has given negative 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.