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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 2024-10-29 View latest technical analysis

10 day averaged volume of Bihar Sponge is 82975

Date	Daily Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	17.12	17.20	17.30	16.50	0.228 times
28 Mon Oct 2024	16.49	15.75	16.50	15.69	0.362 times
25 Fri Oct 2024	15.72	16.02	16.65	15.71	0.982 times
24 Thu Oct 2024	16.53	17.00	17.28	16.01	0.551 times
23 Wed Oct 2024	16.53	17.45	17.55	16.29	0.634 times
22 Tue Oct 2024	17.14	17.95	18.00	17.12	0.505 times
21 Mon Oct 2024	18.02	18.47	18.47	17.70	0.341 times
18 Fri Oct 2024	17.89	18.34	18.34	17.35	0.388 times
17 Thu Oct 2024	18.06	19.75	19.75	17.97	2.069 times
16 Wed Oct 2024	18.91	19.89	20.25	18.45	1.043 times

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 16.9 as stoploss in an intra day buy trade for a target of 18.47. However, stock will show a bearish move below 16.9.

Share price targets for Bihar Sponge (BiharSponge)

Target Type	Value
Downside Target	13.14
Downside Target	15.01
Downside Target	15.38
Downside Target	15.69
Upside Target	17.30
Upside Target	18.14
Upside Target	20.25
Upside Target	20.89
Upside Target	21.38
Upside Target	22.44
Upside Target	22.90
Upside Target	26.01
Upside Target	26.77

Intraday share price targets for Bihar Sponge (BiharSponge)

Target Type	Value
Downside Intraday Target	16.11
Downside Intraday Target	15.09
Upside Intraday Target	17.72
Upside Intraday Target	18.31
Downside Intraday Target	16.7

Weekly technical analysis of Bihar Sponge (BiharSponge)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	17.12	15.75	17.30	15.69	0.196 times
25 Fri Oct 2024	15.72	18.47	18.47	15.71	0.435 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

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
29 Tue Oct 2024	17.12	21.88	22.44	15.69	0.539 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 losing momentum.

MACD generated a SELL signal for Bihar Sponge in short term and the sell 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Bihar Sponge in short term but BUY signal is weak.

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 17.42 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.