Bihar Sponge Iron Technical Analysis

Bihar Sponge Iron Ltd Technical Analysis

Bihar Sponge Iron Ltd technical analysis is gaining attention among traders and investors tracking Bihar Sponge Iron Ltd Technical Analysis trends in the Indian stock market. Bihar Sponge Iron Ltd (NSE: BIHARSPONG, BSE: 500058) is currently trading at ₹15.15, showing a 3.34% move as of Fri, Feb 27, 2026.

This detailed Bihar Sponge Iron Ltd technical analysis covers support & resistance levels, moving averages, indicators, and overall market sentiment to help investors make informed decisions.

Bihar Sponge Iron Ltd Stock Overview

Bihar Sponge Iron Ltd operates in the Non-energy minerals sector under the Steel industry. With a market capitalization of ₹1.32B and a PE ratio of 10.17, Bihar Sponge Iron Ltd remains a key stock to watch in Bihar Sponge Iron Ltd Technical Analysis searches.

Key Metrics

• Market Cap: ₹1.32B
• PE Ratio: 10.17
• Dividend Yield: 0
• Sector: Non-energy minerals
• Industry: Steel

These fundamentals play an important role in Bihar Sponge Iron Ltd technical analysis and valuation tracking.

Bihar Sponge Iron Ltd Support and Resistance Levels

Classic Pivot Levels

In Bihar Sponge Iron Ltd technical analysis, pivot levels help identify potential reversal and breakout zones.

• Resistance 3: 17.23
• Resistance 2: 14.06
• Resistance 1: 12.63
• Pivot Point: 10.89
• Support 1: 9.46
• Support 2: 7.72
• Support 3: 4.55

Conditional Insight

Bihar Sponge Iron Ltd technical analysis suggests a bearish to neutral trend as the price is below the pivot point. Immediate support is seen near 9.46 and 7.72.

Fibonacci Levels Analysis

Fibonacci levels are widely used in Bihar Sponge Iron Ltd technical analysis to identify retracement zones.

• Fibonacci R3: 14.06
• Fibonacci R2: 12.85
• Fibonacci R1: 12.10
• Fibonacci Pivot: 10.89
• Fibonacci S1: 9.68
• Fibonacci S2: 8.93
• Fibonacci S3: 7.72

Bihar Sponge Iron Ltd technical analysis indicates consolidation between Fibonacci pivot and resistance zones.

Bihar Sponge Iron Ltd Moving Average Analysis

Moving averages are key indicators in Bihar Sponge Iron Ltd technical analysis for identifying trend direction.

• 10 EMA: 12.99
• 20 EMA: 12.88
• 30 EMA: 12.64
• 50 EMA: 12.38
• 100 EMA: 12.42
• 200 EMA: 12.99

Trend Logic

Bihar Sponge Iron Ltd technical analysis indicates bearish pressure, with price trading below key moving averages.

Long-term trend in Bihar Sponge Iron Ltd technical analysis remains positive above 200 EMA.

Bihar Sponge Iron Ltd Technical Indicators Overview

Momentum Indicators

• RSI: 44.28
• MACD: 0.29
• Signal: 0.56
• ADX: 25.81
• Momentum: -3.53

RSI Logic

Bihar Sponge Iron Ltd technical analysis shows RSI in neutral range, suggesting consolidation.

MACD Logic

Bihar Sponge Iron Ltd technical analysis indicates bearish momentum with MACD below signal line.

Bihar Sponge Iron Ltd Overall Recommendation

• Overall Recommendation Score: -0.49
• Moving Average Recommendation: -0.80
• Other Indicators Recommendation: -0.18

Overall Bihar Sponge Iron Ltd technical analysis sentiment remains neutral with mixed signals.

Bihar Sponge Iron Ltd Technical Analysis Conclusion

Bihar Sponge Iron Ltd technical analysis suggests that traders should closely monitor price action around ₹15.15 and key pivot level 10.89. Breakouts above resistance or breakdown below support will define the next trend in Bihar Sponge Iron Ltd technical analysis.

Investors searching for Bihar Sponge Iron Ltd Technical Analysis should track moving averages, RSI levels, and volume trends to identify potential entry and exit opportunities. As market conditions change, Bihar Sponge Iron Ltd technical analysis will continue to play a crucial role in short-term trading and long-term investment strategies.