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(BHANDARI) Bhandari Hosiery complete technical analysis [charts+indicators] | Buy/Sell Bhandari Hosiery | (BHANDARI) share price targets

Complete technical analysis of Bhandari Hosiery (BHANDARI) by charts plus indicators, forecast predictions and share price targets for Bhandari Hosiery (BHANDARI)

10 day averaged volume of Bhandari Hosiery is 743446

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 7.90 7.80 8.05 7.80 0.927 times
16 Thu May 2024 7.85 7.95 8.10 7.80 0.604 times
15 Wed May 2024 7.90 7.90 7.95 7.85 0.728 times
14 Tue May 2024 7.90 7.90 8.05 7.85 0.638 times
13 Mon May 2024 7.85 8.10 8.10 7.65 0.848 times

My analysis of stock is bearish for shortterm, and stock might move down till 7.8 or till 7.7. Use a stoploss of 7.93 and if the stock hits stoploss, then it can shoot up till 8.04

Share price targets for Bhandari Hosiery (BHANDARI)

Target Type Value
Downside Target 7.15
Downside Target 7.40
Downside Target 7.55
Upside Target 8.10
Upside Target 8.35
Upside Target 8.65
Upside Target 9.15
Upside Target 9.45
Upside Target 9.80
Upside Target 10.45
Upside Target 12.45

Intraday share price targets for Bhandari Hosiery (BHANDARI)

Target Type Value
Downside Intraday Target 7.67
Downside Intraday Target 7.43
Upside Intraday Target 8.12
Upside Intraday Target 8.33
Downside Intraday Target 7.88

Weekly technical analysis of Bhandari Hosiery (BHANDARI)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 7.90 8.10 8.10 7.65 0.599 times
10 Fri May 2024 7.95 7.95 8.65 7.65 1.808 times
03 Fri May 2024 7.80 8.05 8.15 7.70 0.69 times
26 Fri Apr 2024 8.05 8.00 8.35 7.60 1.202 times
19 Fri Apr 2024 7.95 8.15 8.45 7.55 1.752 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 Bhandari Hosiery (BHANDARI)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 7.90 7.90 8.65 7.65 0.655 times
30 Tue Apr 2024 7.85 7.40 9.45 7.40 0.569 times
28 Thu Mar 2024 7.40 10.30 10.45 7.15 0.463 times
29 Thu Feb 2024 10.30 9.85 12.45 9.15 2.128 times

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 Bhandari Hosiery (BHANDARI)

Indicator Name Indicator Value Indicator Signal
ADX 18, 15, 9 Buy
MACD -0, -0Buy
Stochastics 23Sell
CCI -23Sell
RSI 57Buy
OBV 281646Sell
VWAP 8Sell
ADL 0Sell
ROC 1Buy
Force Index 0Sell

Price action analysis of Bhandari Hosiery ( (BHANDARI) ) based on a short 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.

Price action analysis of Bhandari Hosiery ( (BHANDARI) ) 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 Bhandari Hosiery ( (BHANDARI) ) 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 Bhandari Hosiery ( (BHANDARI) ) 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 Bhandari Hosiery stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Bhandari Hosiery in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Bhandari Hosiery 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 in or above the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Bhandari Hosiery in short term

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 Bhandari Hosiery is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 7.97 and Bhandari Hosiery (BHANDARI) 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 Bhandari Hosiery (BHANDARI) stock. Volume based technical analysis of Bhandari Hosiery (BHANDARI) stock is negative.

Bhandari Hosiery Stock is giving positive 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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