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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 2024-04-05 View latest technical analysis

10 day averaged volume of Bhandari Hosiery is 837831

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	9.15	8.90	9.35	8.90	0.712 times
04 Thu Apr 2024	8.80	8.70	8.90	8.55	1.162 times
03 Wed Apr 2024	8.50	8.40	8.50	8.10	2.077 times
02 Tue Apr 2024	8.10	8.10	8.10	7.85	0.369 times
01 Mon Apr 2024	7.75	7.40	7.75	7.40	0.206 times
28 Thu Mar 2024	7.40	7.40	7.85	7.25	1.185 times
27 Wed Mar 2024	7.50	7.95	8.15	7.45	0.862 times
26 Tue Mar 2024	7.80	8.25	8.30	7.80	1.002 times
22 Fri Mar 2024	8.20	8.35	8.45	7.95	1.761 times
21 Thu Mar 2024	8.05	8.05	8.05	7.90	0.311 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 8.7, but if it comes below 8.7, then a intra day sell could be more profitable.
If you take a sell trade below 8.7, then use 8.7 as stoploss and 8.13 as target. However if you take a buy trade in stock , then use 8.7 as stoploss and 9.4 as target.

Share price targets for Bhandari Hosiery (BHANDARI)

Target Type	Value
Downside Target	4.45
Downside Target	7.15
Downside Target	7.40
Downside Target	7.70
Downside Target	8.30
Downside Target	9.00
Downside Target	9.15
Upside Target	9.35
Upside Target	9.80
Upside Target	10.05
Upside Target	10.45
Upside Target	12.45

Intraday share price targets for Bhandari Hosiery (BHANDARI)

Target Type	Value
Downside Intraday Target	7.92
Downside Intraday Target	6.68
Upside Intraday Target	9.87
Upside Intraday Target	10.58
Downside Intraday Target	8.63

Weekly technical analysis of Bhandari Hosiery (BHANDARI)

Date	Weekly Closing Price	Open	High	Low	Volume
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
15 Fri Mar 2024	7.50	9.10	9.15	7.50	1.294 times
07 Thu Mar 2024	9.15	10.00	10.05	9.00	0.356 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
05 Fri Apr 2024	9.15	7.40	9.35	7.40	0.159 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Bhandari Hosiery is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 8.19 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.