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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 590138

Date Daily Closing Price Open High Low Volume
19 Tue Nov 2024 6.33 6.45 6.59 6.30 0.87 times
18 Mon Nov 2024 6.30 6.51 6.79 6.26 1.451 times
14 Thu Nov 2024 6.46 6.75 6.75 6.43 0.716 times
13 Wed Nov 2024 6.60 6.70 7.87 6.43 1.67 times
12 Tue Nov 2024 6.56 6.73 6.81 6.52 0.325 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 6.4, but if it comes above 6.4, then a intra day buy could be more profitable.
If you take a sell trade below 6.4, then use 6.4 as stoploss and 6.2 as target. However if you take a buy trade in stock , then use 6.4 as stoploss and 6.56 as target.

Share price targets for Bhandari Hosiery (BHANDARI)

Target Type Value
Downside Target 5.80
Downside Target 6.18
Upside Target 6.43
Upside Target 6.67
Upside Target 6.89
Upside Target 6.92
Upside Target 7.35
Upside Target 7.79
Upside Target 7.87
Upside Target 7.95
Upside Target 8.10

Intraday share price targets for Bhandari Hosiery (BHANDARI)

Target Type Value
Downside Intraday Target 6.13
Downside Intraday Target 5.93
Upside Intraday Target 6.66
Upside Intraday Target 6.99
Upside Intraday Target 6.46

Weekly technical analysis of Bhandari Hosiery (BHANDARI)

Date Weekly Closing Price Open High Low Volume
19 Tue Nov 2024 6.33 6.51 6.79 6.26 0.617 times
14 Thu Nov 2024 6.46 6.70 7.87 6.43 0.816 times
08 Fri Nov 2024 6.65 6.85 6.92 6.52 1.966 times
01 Fri Nov 2024 6.75 6.32 6.89 6.24 0.781 times
30 Wed Oct 2024 6.53 6.34 6.67 6.18 0.61 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
19 Tue Nov 2024 6.33 6.69 7.87 6.26 0.267 times
31 Thu Oct 2024 6.58 6.86 7.35 5.80 0.984 times
30 Mon Sep 2024 6.91 7.34 7.79 6.81 0.671 times
30 Fri Aug 2024 7.30 7.47 7.95 6.26 2.013 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 29, 12, 41 Buy
MACD -0, -0Sell
Stochastics 3Sell
CCI -134Sell
RSI 43Sell
OBV 1074724Sell
VWAP 7Sell
ADL 0Sell
ROC -4Sell
Force Index 0Sell

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 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 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 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 gaining momentum.

MACD generated a SELL signal for Bhandari Hosiery in short term and the sell signal is strong.

Bhandari Hosiery 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 Bhandari Hosiery 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 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 6.59 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 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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