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(BenglaAsm) Bengla Asm complete technical analysis [charts+indicators] | Buy/Sell Bengla Asm | (BenglaAsm) share price targets

Complete technical analysis of Bengla Asm (BenglaAsm) by charts plus indicators, forecast predictions and share price targets for Bengla Asm (BenglaAsm)

Showing technical analysis as on 2022-05-10 View latest technical analysis

10 day averaged volume of Bengla Asm is 2965

Date Daily Closing Price Open High Low Volume
10 Tue May 2022 2420.20 2350.00 2500.00 2350.00 0.314 times
09 Mon May 2022 2420.15 2597.70 2598.00 2411.00 0.645 times
06 Fri May 2022 2556.70 2649.85 2650.00 2505.00 0.837 times
05 Thu May 2022 2671.45 2771.85 2780.00 2610.05 0.422 times
04 Wed May 2022 2704.85 2748.80 2750.00 2664.05 0.551 times
02 Mon May 2022 2738.40 2725.55 2750.00 2500.00 1.848 times
29 Fri Apr 2022 2725.25 2690.05 2750.00 2680.00 0.836 times
28 Thu Apr 2022 2689.75 2689.95 2708.00 2615.00 0.585 times
27 Wed Apr 2022 2613.50 2648.00 2682.90 2515.00 1.74 times
26 Tue Apr 2022 2602.60 2500.05 2610.00 2490.00 1.543 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2432, but if it comes above 2432, then a intra day buy could be more profitable.
If you take a sell trade below 2432, then use 2432 as stoploss and 2300.2 as target. However if you take a buy trade in stock , then use 2432 as stoploss and 2541.75 as target.

Share price targets for Bengla Asm (BenglaAsm)

Target Type Value
Downside Target 2168.05
Downside Target 2303.00
Downside Target 2414.90
Upside Target 2500.00
Upside Target 2598.00
Upside Target 2600.00
Upside Target 2675.00
Upside Target 2750.00
Upside Target 2780.00
Upside Target 2880.00

Intraday share price targets for Bengla Asm (BenglaAsm)

Target Type Value
Downside Intraday Target 2314.13
Downside Intraday Target 2208.07
Upside Intraday Target 2562.13
Upside Intraday Target 2704.07
Upside Intraday Target 2456.07

Weekly technical analysis of Bengla Asm (BenglaAsm)

Date Weekly Closing Price Open High Low Volume
10 Tue May 2022 2420.20 2597.70 2598.00 2350.00 0.262 times
06 Fri May 2022 2556.70 2725.55 2780.00 2500.00 0.642 times
29 Fri Apr 2022 2725.25 2450.00 2750.00 2414.90 2.985 times
22 Fri Apr 2022 2443.10 2485.00 2545.90 2422.05 0.875 times
13 Wed Apr 2022 2488.70 2361.05 2525.00 2361.05 1.488 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 Bengla Asm (BenglaAsm)

Date Monthly Closing Price Open High Low Volume
10 Tue May 2022 2420.20 2725.55 2780.00 2350.00 0.406 times
29 Fri Apr 2022 2725.25 2374.95 2750.00 2340.00 2.399 times
31 Thu Mar 2022 2356.95 2500.00 2600.00 2311.00 0.163 times
28 Mon Feb 2022 2511.65 2449.95 2675.00 2303.00 0.215 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 Bengla Asm (BenglaAsm)

Indicator Name Indicator Value Indicator Signal
ADX 12, 32, 46 Sell
MACD 52, 84Sell
Stochastics 19Sell
CCI -154Sell
RSI 42Sell
OBV 19133Sell
VWAP 2634Sell
ADL 0Sell
ROC -4Sell
Force Index 0Sell

Price action analysis of Bengla Asm ( (BenglaAsm) ) 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 Bengla Asm ( (BenglaAsm) ) 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 Bengla Asm ( (BenglaAsm) ) based on a short to mid term time period is

Price action analysis of Bengla Asm ( (BenglaAsm) ) based on a mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Bengla Asm stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Bengla Asm 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 in or above the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Bengla Asm in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 Bengla Asm is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2634.29 and Bengla Asm (BenglaAsm) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Bengla Asm (BenglaAsm) stock. Volume based technical analysis of Bengla Asm (BenglaAsm) stock is negative.

Bengla Asm 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.

Click here for Bengla Asm charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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