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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 2024-08-28 View latest technical analysis

10 day averaged volume of Bhandari Hosiery is 2243902

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	7.51	7.79	7.95	7.41	1.182 times
27 Tue Aug 2024	7.74	7.63	7.85	7.57	1.065 times
26 Mon Aug 2024	7.59	7.16	7.75	7.05	2.918 times
23 Fri Aug 2024	7.11	7.12	7.29	6.97	0.536 times
22 Thu Aug 2024	7.07	7.10	7.29	7.00	0.606 times
21 Wed Aug 2024	6.98	6.94	7.04	6.91	0.203 times
20 Tue Aug 2024	6.94	7.04	7.10	6.91	0.305 times
19 Mon Aug 2024	6.97	6.79	7.14	6.79	0.561 times
16 Fri Aug 2024	6.73	7.30	7.30	6.50	0.901 times
14 Wed Aug 2024	7.12	6.97	7.33	6.84	1.862 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 7.4, but if it comes below 7.4, then a intra day sell could be more profitable.
If you take a sell trade below 7.4, then use 7.4 as stoploss and 7.08 as target. However if you take a buy trade in stock , then use 7.4 as stoploss and 7.7 as target.

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
Upside Target	7.55
Upside Target	7.59
Upside Target	7.95
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	7.06
Downside Intraday Target	6.6
Upside Intraday Target	7.96
Upside Intraday Target	8.4
Downside Intraday Target	7.5

Weekly technical analysis of Bhandari Hosiery (BHANDARI)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	7.51	7.16	7.95	7.05	2.337 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, 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
28 Wed Aug 2024	7.51	7.47	7.95	6.26	1.844 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 7.31 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.