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(BengalTea) Bengal Tea complete technical analysis [charts+indicators] | Buy/Sell Bengal Tea | (BengalTea) share price targets

Complete technical analysis of Bengal Tea (BengalTea) by charts plus indicators, forecast predictions and share price targets for Bengal Tea (BengalTea)

Showing technical analysis as on 2024-02-20 View latest technical analysis

10 day averaged volume of Bengal Tea is 5074

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	121.90	127.00	127.00	121.00	0.46 times
19 Mon Feb 2024	124.00	117.15	125.00	114.15	1.294 times
16 Fri Feb 2024	117.15	117.00	120.00	112.90	0.814 times
15 Thu Feb 2024	114.80	114.00	120.00	113.00	0.126 times
14 Wed Feb 2024	113.00	115.40	115.40	110.60	0.246 times
13 Tue Feb 2024	115.00	114.00	115.80	109.00	0.426 times
12 Mon Feb 2024	111.60	115.30	123.20	110.30	0.772 times
09 Fri Feb 2024	117.50	117.95	119.00	114.05	0.362 times
08 Thu Feb 2024	117.90	115.00	123.50	115.00	0.384 times
07 Wed Feb 2024	118.20	116.35	118.80	108.05	3.415 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 118.1, but if it comes below 118.1, then a intra day sell could be more profitable.
If you take a sell trade below 118.1, then use 118.1 as stoploss and 112.33 as target. However if you take a buy trade in stock , then use 118.1 as stoploss and 125.1 as target.

Share price targets for Bengal Tea (BengalTea)

Target Type	Value
Downside Target	75.35
Downside Target	77.02
Downside Target	80.72
Downside Target	86.29
Downside Target	92.40
Downside Target	96.85
Downside Target	102.05
Downside Target	104.30
Downside Target	109.00
Downside Target	114.15
Downside Target	116.44
Upside Target	123.20
Upside Target	123.50
Upside Target	127.00

Intraday share price targets for Bengal Tea (BengalTea)

Target Type	Value
Downside Intraday Target	115.03
Downside Intraday Target	108.17
Upside Intraday Target	127.88
Upside Intraday Target	133.87
Downside Intraday Target	121.02

Weekly technical analysis of Bengal Tea (BengalTea)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	121.90	117.15	127.00	114.15	0.735 times
16 Fri Feb 2024	117.15	115.30	123.20	109.00	0.326 times
09 Fri Feb 2024	117.50	108.00	123.50	104.75	1.578 times
02 Fri Feb 2024	108.00	108.00	114.80	98.50	1.773 times
25 Thu Jan 2024	104.46	114.00	116.21	102.05	0.457 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 Bengal Tea (BengalTea)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	121.90	114.80	127.00	104.30	0.56 times
31 Wed Jan 2024	108.92	104.80	116.44	92.40	1.264 times
29 Fri Dec 2023	97.06	82.52	105.00	80.72	1.763 times
30 Thu Nov 2023	82.95	83.90	86.29	77.02	0.465 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 Bengal Tea (BengalTea)

Price action analysis of Bengal Tea ( (BengalTea) ) 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 Bengal Tea ( (BengalTea) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Bengal Tea ( (BengalTea) ) 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 Bengal Tea ( (BengalTea) ) 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 Bengal Tea stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Bengal Tea 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.

Bengal Tea 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 coming down

CCI has generated a buy signal for Bengal Tea 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 Bengal Tea is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 118.18 and Bengal Tea (BengalTea) 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 Bengal Tea (BengalTea) stock. Volume based technical analysis of Bengal Tea (BengalTea) stock is negative.

Bengal Tea 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.