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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)

Showing technical analysis as on 2024-04-16 View latest technical analysis

10 day averaged volume of Bhandari Hosiery is 659431

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	8.05	7.85	8.45	7.85	0.856 times
15 Mon Apr 2024	7.90	8.15	8.20	7.55	1.564 times
12 Fri Apr 2024	8.35	8.75	8.75	8.25	0.79 times
10 Wed Apr 2024	8.75	8.80	8.95	8.70	0.482 times
09 Tue Apr 2024	8.70	8.85	8.95	8.60	0.435 times
08 Mon Apr 2024	8.85	9.45	9.45	8.55	0.978 times
05 Fri Apr 2024	9.15	8.90	9.35	8.90	0.905 times
04 Thu Apr 2024	8.80	8.70	8.90	8.55	1.477 times
03 Wed Apr 2024	8.50	8.40	8.50	8.10	2.639 times
02 Tue Apr 2024	8.10	8.10	8.10	7.85	0.469 times

My analysis of stock is bearish for shortterm, and stock might move down till 7.6 or till 6.9. Use a stoploss of 8.1 and if the stock hits stoploss, then it can shoot up till 8.63

Share price targets for Bhandari Hosiery (BHANDARI)

Target Type	Value
Downside Target	4.45
Downside Target	7.15
Downside Target	7.40
Downside Target	7.55
Upside Target	8.25
Upside Target	9.15
Upside Target	9.35
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	7.58
Downside Intraday Target	7.12
Upside Intraday Target	8.48
Upside Intraday Target	8.92
Downside Intraday Target	8.02

Weekly technical analysis of Bhandari Hosiery (BHANDARI)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	8.05	8.15	8.45	7.55	0.902 times
12 Fri Apr 2024	8.35	9.45	9.45	8.25	0.467 times
05 Fri Apr 2024	9.15	7.40	9.35	7.40	1.485 times
28 Thu Mar 2024	7.40	8.25	8.30	7.25	0.373 times
22 Fri Mar 2024	8.20	7.50	8.45	7.15	0.963 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
16 Tue Apr 2024	8.05	7.40	9.45	7.40	0.301 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
31 Wed Jan 2024	9.75	8.95	9.80	7.70	0.637 times

Scroll below to view daily charts

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)

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 neutral. A longer time frame might give a better analysis.

Price action analysis of Bhandari Hosiery ( (BHANDARI) ) based on a mid to longer 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

ADX buy sell signal for Bhandari Hosiery stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

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 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 Bhandari Hosiery 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 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 8.5 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 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.