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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 2024-10-22 View latest technical analysis

10 day averaged volume of Bihar Sponge is 90904

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	17.14	17.95	18.00	17.12	0.461 times
21 Mon Oct 2024	18.02	18.47	18.47	17.70	0.312 times
18 Fri Oct 2024	17.89	18.34	18.34	17.35	0.354 times
17 Thu Oct 2024	18.06	19.75	19.75	17.97	1.889 times
16 Wed Oct 2024	18.91	19.89	20.25	18.45	0.952 times
15 Tue Oct 2024	19.42	19.24	19.89	18.01	2.852 times
14 Mon Oct 2024	18.95	19.35	19.35	18.37	0.282 times
11 Fri Oct 2024	18.82	19.58	19.58	18.50	0.431 times
10 Thu Oct 2024	18.99	19.70	19.70	18.50	0.549 times
09 Wed Oct 2024	19.02	19.99	20.18	18.38	1.247 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 18.2, but if it comes above 18.2, then a intra day buy could be more profitable.
If you take a sell trade below 18.2, then use 18.2 as stoploss and 16 as target. However if you take a buy trade in stock , then use 18.2 as stoploss and 19.98 as target.

Share price targets for Bihar Sponge (BiharSponge)

Target Type	Value
Downside Target	13.14
Downside Target	15.01
Downside Target	15.38
Downside Target	17.12
Upside Target	18.14
Upside Target	20.25
Upside Target	20.89
Upside Target	21.38
Upside Target	21.70
Upside Target	22.44
Upside Target	22.90
Upside Target	23.65
Upside Target	26.01
Upside Target	26.77

Intraday share price targets for Bihar Sponge (BiharSponge)

Target Type	Value
Downside Intraday Target	16.68
Downside Intraday Target	16.23
Upside Intraday Target	18.03
Upside Intraday Target	18.93
Upside Intraday Target	17.58

Weekly technical analysis of Bihar Sponge (BiharSponge)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	17.14	18.47	18.47	17.12	0.122 times
18 Fri Oct 2024	17.89	19.35	20.25	17.35	1.716 times
11 Fri Oct 2024	18.82	19.25	20.89	18.14	1.838 times
03 Thu Oct 2024	20.70	22.90	22.90	20.26	0.566 times
27 Fri Sep 2024	22.50	23.30	23.65	21.70	1.107 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 Tue Oct 2024	17.14	21.88	22.44	17.12	0.447 times
30 Mon Sep 2024	21.39	24.80	26.77	21.38	0.468 times
30 Fri Aug 2024	23.76	19.33	26.01	17.42	2.782 times
31 Wed Jul 2024	18.41	15.89	18.70	15.01	2.877 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 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 gaining momentum.

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

Bihar Sponge Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 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 18.75 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.