(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)
10 day averaged volume of Bengal Tea is 873
|Date||Daily Closing Price||Open||High||Low||Volume|
|29 Wed Mar 2023||71.49||74.00||74.00||70.20||0.75 times|
|28 Tue Mar 2023||70.13||73.80||73.80||69.50||0.108 times|
|27 Mon Mar 2023||72.31||74.40||74.45||72.00||2.991 times|
|24 Fri Mar 2023||74.50||69.25||74.90||69.25||0.204 times|
|23 Thu Mar 2023||72.25||72.00||72.25||72.00||0.172 times|
|22 Wed Mar 2023||73.38||77.00||77.00||71.65||1.782 times|
|21 Tue Mar 2023||71.40||79.80||79.80||70.30||2.068 times|
|20 Mon Mar 2023||71.20||71.15||73.50||71.15||0.43 times|
|17 Fri Mar 2023||73.56||76.25||76.25||73.50||0.011 times|
|16 Thu Mar 2023||74.59||70.10||75.99||70.10||2.202 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 71.4 as stoploss in an intra day buy trade for a target of 73.1. However, stock will show a bearish move below 71.4.
Share price targets for Bengal Tea (BengalTea)
Intraday share price targets for Bengal Tea (BengalTea)
|Downside Intraday Target||69.18|
|Downside Intraday Target||66.86|
|Upside Intraday Target||74.13|
|Upside Intraday Target||76.76|
|Upside Intraday Target||71.81|
Weekly technical analysis of Bengal Tea (BengalTea)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|29 Wed Mar 2023||71.49||74.40||74.45||69.50||0.827 times|
|24 Fri Mar 2023||74.50||71.15||79.80||69.25||1.212 times|
|17 Fri Mar 2023||73.56||79.75||79.75||70.10||0.456 times|
|10 Fri Mar 2023||75.63||69.25||77.95||69.25||0.427 times|
|03 Fri Mar 2023||71.72||73.05||74.69||67.40||1.734 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 Bengal Tea (BengalTea)
|Date||Monthly Closing Price||Open||High||Low||Volume|
|29 Wed Mar 2023||71.49||74.00||79.80||67.40||0.619 times|
|28 Tue Feb 2023||71.90||78.70||84.50||70.00||1.014 times|
|31 Tue Jan 2023||78.95||79.55||85.00||76.85||0.527 times|
|30 Fri Dec 2022||82.05||78.50||86.80||74.40||0.492 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 Bengal Tea (BengalTea)
|Indicator Name||Indicator Value||Indicator Signal|
|ADX||13, 20, 19||Sell|
Price action analysis of Bengal Tea ( (BengalTea) ) 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 Bengal Tea ( (BengalTea) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Bengal Tea ( (BengalTea) ) 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 Bengal Tea ( (BengalTea) ) 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 Bengal Tea stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Bengal Tea in short term and the sell signal is strong.
Bengal Tea 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 moving up
CCI has generated a buy signal for Bengal Tea in short term but BUY signal is weak.
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 72.7 and Bengal Tea (BengalTea) 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 Bengal Tea (BengalTea) stock. Volume based technical analysis of Bengal Tea (BengalTea) stock is negative.
Bengal Tea 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.
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