Munafa BIHAR SPONGE (500058) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow

BIHAR SPONGE (500058) Indicator analysis

Bihar Sponge 500058 intraday stock tips

16 Friday January Stock tips for Bihar Sponge Stock is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

It appears as if Bihar Sponge 500058 gave a large move recently.

My analysis of Bihar Sponge is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 11.1 as stoploss in an intra day buy trade for a target of 11.37. However, stock will show a bearish move below 11.1.

14 Wednesday January Stock tips for Bihar Sponge Stock is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

It appears as if Bihar Sponge 500058 gave a large move recently.

My analysis of Bihar Sponge is bearish for shortterm, and stock might move down till 11.1 or till 10.8. Use a stoploss of 11.4 and if the stock hits stoploss, then it can shoot up till 11.68

13 Tuesday January Stock tips for Bihar Sponge Stock is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

It appears as if Bihar Sponge 500058 gave a large move recently.

My analysis of Bihar Sponge is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 11.1 as stoploss in an intra day buy trade for a target of 11.41. However, stock will show a bearish move below 11.1.

12 Monday January Stock tips for Bihar Sponge Stock is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

It appears as if Bihar Sponge 500058 gave a large move recently.

My analysis of Bihar Sponge is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Bihar Sponge stays below 11.2, but if it comes above 11.2, then a intra day buy could be more profitable.
If you take a sell trade below 11.2, then use 11.2 as stoploss and 10.8 as target. However if you take a buy trade in Bihar Sponge, then use 11.2 as stoploss and 11.44 as target.

09 Friday January Stock tips for Bihar Sponge Stock is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

It appears as if Bihar Sponge 500058 gave a large move recently.

My analysis of Bihar Sponge is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Bihar Sponge stays below 11.2, but if it comes above 11.2, then a intra day buy could be more profitable.
If you take a sell trade below 11.2, then use 11.2 as stoploss and 10.9 as target. However if you take a buy trade in Bihar Sponge, then use 11.2 as stoploss and 11.47 as target.

08 Thursday January Stock tips for Bihar Sponge Stock is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

It appears as if Bihar Sponge 500058 gave a large move recently.

My analysis of Bihar Sponge is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Bihar Sponge stays below 11.3, but if it comes above 11.3, then a intra day buy could be more profitable.
If you take a sell trade below 11.3, then use 11.3 as stoploss and 11 as target. However if you take a buy trade in Bihar Sponge, then use 11.3 as stoploss and 11.52 as target.

07 Wednesday January Stock tips for Bihar Sponge Stock is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

It appears as if Bihar Sponge 500058 gave a large move recently.

My analysis of Bihar Sponge is bearish for shortterm, and stock might move down till 11.3 or till 11. Use a stoploss of 11.55 and if the stock hits stoploss, then it can shoot up till 11.81

Bihar Sponge 500058 tips for tomorrow

Tomorrow's movement Prediction of Bihar Sponge 500058 appears strongly Bearish. This stock started falling as soon as it opened and never recovered during the session. Generally this happens when there is a negative sentiment following the stock, making it unattractive. There's a good chance that this downfall will continue tomorrow as well. However, if it manages to close higher than where it opened today, then there might be a chance of reversal.

Tomorrow's movement Prediction of Bihar Sponge 500058 is showing signs of weakness. Either there is a negative sentiment following this stock or an Elephant sold off here.

Tomorrow's movement Prediction of Bihar Sponge 500058 is strongly bearish. It has broken a strong support of 12 and is expected to move down further.

Munafa value: 15

If this Munafa value is near or nearing 100, then this stock might show an upward movement. However, if this value is near or nearing 10, then this stock might very well show a downward movement.

If the Munafa value is near 50, then the stock might show a sideways movement.

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