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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 1497410

Date Daily Closing Price Open High Low Volume
20 Fri Sep 2024 7.12 7.48 7.51 7.09 0.987 times
19 Thu Sep 2024 7.27 6.99 7.79 6.96 5.517 times
18 Wed Sep 2024 6.91 6.97 7.04 6.81 0.557 times
17 Tue Sep 2024 6.97 7.10 7.10 6.95 0.4 times
16 Mon Sep 2024 7.08 7.03 7.13 6.97 0.426 times

My analysis of stock is bearish for shortterm, and stock might move down till 7 or till 6.7. Use a stoploss of 7.17 and if the stock hits stoploss, then it can shoot up till 7.38

Share price targets for Bhandari Hosiery (BHANDARI)

Target Type Value
Downside Target 6.26
Downside Target 6.79
Upside Target 7.29
Upside Target 7.55
Upside Target 7.79
Upside Target 7.95
Upside Target 8.10
Upside Target 8.65
Upside Target 9.70

Intraday share price targets for Bhandari Hosiery (BHANDARI)

Target Type Value
Downside Intraday Target 6.69
Downside Intraday Target 6.26
Upside Intraday Target 7.67
Upside Intraday Target 8.22
Upside Intraday Target 7.24

Weekly technical analysis of Bhandari Hosiery (BHANDARI)

Date Weekly Closing Price Open High Low Volume
20 Fri Sep 2024 7.12 7.03 7.79 6.81 3.732 times
13 Fri Sep 2024 7.02 7.22 7.35 6.95 0.65 times
06 Fri Sep 2024 7.20 7.34 7.45 7.02 0.331 times
30 Fri Aug 2024 7.30 7.16 7.95 7.05 2.961 times
23 Fri Aug 2024 7.11 6.79 7.29 6.79 0.464 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Bhandari Hosiery (BHANDARI)

Date Monthly Closing Price Open High Low Volume
20 Fri Sep 2024 7.12 7.34 7.79 6.81 0.537 times
30 Fri Aug 2024 7.30 7.47 7.95 6.26 2.013 times
31 Wed Jul 2024 7.40 8.00 8.10 6.83 0.58 times
28 Fri Jun 2024 7.79 7.90 9.70 6.85 2.395 times

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 Bhandari Hosiery (BHANDARI)

Indicator Name Indicator Value Indicator Signal
ADX 31, 14, 38 Buy
MACD -0, -0Buy
Stochastics 31None
CCI 100Sell
RSI 51Buy
OBV 13571978Sell
VWAP 7Sell
ADL 0Sell
ROC -1Sell
Force Index 0Sell

Price action analysis of Bhandari Hosiery ( (BHANDARI) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Bhandari Hosiery ( (BHANDARI) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Bhandari Hosiery ( (BHANDARI) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 Strong 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 coming down

CCI has generated a SELL signal for Bhandari Hosiery in short term but SELL 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 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 7.17 and Bhandari Hosiery (BHANDARI) 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 Bhandari Hosiery (BHANDARI) stock. Volume based technical analysis of Bhandari Hosiery (BHANDARI) stock is negative.

Bhandari Hosiery Stock has given negative 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.

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