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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 2024-08-26 View latest technical analysis

10 day averaged volume of Bhandari Hosiery is 1807643

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	7.59	7.16	7.75	7.05	3.622 times
23 Fri Aug 2024	7.11	7.12	7.29	6.97	0.665 times
22 Thu Aug 2024	7.07	7.10	7.29	7.00	0.752 times
21 Wed Aug 2024	6.98	6.94	7.04	6.91	0.252 times
20 Tue Aug 2024	6.94	7.04	7.10	6.91	0.379 times
19 Mon Aug 2024	6.97	6.79	7.14	6.79	0.696 times
16 Fri Aug 2024	6.73	7.30	7.30	6.50	1.118 times
14 Wed Aug 2024	7.12	6.97	7.33	6.84	2.311 times
13 Tue Aug 2024	6.92	6.93	7.17	6.65	1.295 times
12 Mon Aug 2024	6.81	6.45	6.92	6.40	1.193 times

Stock of Bhandari Hosiery (BHANDARI) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 7.5, for a target of 7.3 or 7.03

Share price targets for Bhandari Hosiery (BHANDARI)

Target Type	Value
Downside Target	6.26
Downside Target	6.40
Downside Target	6.79
Downside Target	7.00
Downside Target	7.24
Downside Target	7.55
Downside Target	7.59
Upside Target	7.75
Upside Target	8.10
Upside Target	8.65
Upside Target	9.45
Upside Target	9.70

Intraday share price targets for Bhandari Hosiery (BHANDARI)

Target Type	Value
Downside Intraday Target	7.18
Downside Intraday Target	6.76
Upside Intraday Target	7.88
Upside Intraday Target	8.16
Downside Intraday Target	7.46

Weekly technical analysis of Bhandari Hosiery (BHANDARI)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	7.59	7.16	7.75	7.05	1.32 times
23 Fri Aug 2024	7.11	6.79	7.29	6.79	0.464 times
16 Fri Aug 2024	6.73	6.45	7.33	6.40	1.976 times
09 Fri Aug 2024	6.49	7.00	7.24	6.26	1.399 times
02 Fri Aug 2024	7.20	7.48	7.59	7.00	0.776 times

Price has moved up 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
26 Mon Aug 2024	7.59	7.47	7.75	6.26	1.57 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
31 Fri May 2024	7.75	7.90	8.65	7.55	0.977 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Bhandari Hosiery ( (BHANDARI) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Bhandari Hosiery ( (BHANDARI) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 HIGHS, which reflects strong buying momentum in short term! Bulls 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 buy signal for Bhandari Hosiery in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 7.15 and Bhandari Hosiery (BHANDARI) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.