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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 698626

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	8.05	8.40	8.40	7.95	1.156 times
16 Tue Apr 2024	8.05	7.85	8.45	7.85	0.808 times
15 Mon Apr 2024	7.90	8.15	8.20	7.55	1.476 times
12 Fri Apr 2024	8.35	8.75	8.75	8.25	0.745 times
10 Wed Apr 2024	8.75	8.80	8.95	8.70	0.455 times
09 Tue Apr 2024	8.70	8.85	8.95	8.60	0.411 times
08 Mon Apr 2024	8.85	9.45	9.45	8.55	0.923 times
05 Fri Apr 2024	9.15	8.90	9.35	8.90	0.854 times
04 Thu Apr 2024	8.80	8.70	8.90	8.55	1.394 times
03 Wed Apr 2024	8.50	8.40	8.50	8.10	2.491 times

My analysis of stock is bearish for shortterm, and stock might move down till 7.6 or till 7. Use a stoploss of 8.13 and if the stock hits stoploss, then it can shoot up till 8.64

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
18 Thu Apr 2024	8.05	8.15	8.45	7.55	1.358 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
18 Thu Apr 2024	8.05	7.40	9.45	7.40	0.335 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 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 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 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 below the red cloud Prices appear to be coming down

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 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 8.46 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.