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(BIOFILCHEM) Biofil Chemicals complete technical analysis [charts+indicators] | Buy/Sell Biofil Chemicals | (BIOFILCHEM) share price targets

Complete technical analysis of Biofil Chemicals (BIOFILCHEM) by charts plus indicators, forecast predictions and share price targets for Biofil Chemicals (BIOFILCHEM)

Biofil Chemicals trades in NSE in Pharmaceuticals sector.

Showing technical analysis as on 2024-03-01 View latest technical analysis

10 day averaged volume of Biofil Chemicals is 102120

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	64.25	64.65	65.80	64.00	0.154 times
29 Thu Feb 2024	64.15	63.50	65.00	63.20	0.363 times
28 Wed Feb 2024	63.50	66.35	68.00	63.05	0.521 times
27 Tue Feb 2024	66.60	68.80	69.50	66.15	0.654 times
26 Mon Feb 2024	68.85	72.40	72.40	66.95	0.865 times
23 Fri Feb 2024	70.10	71.75	71.95	69.40	0.376 times
22 Thu Feb 2024	71.15	73.85	74.00	69.35	0.527 times
21 Wed Feb 2024	71.95	74.80	74.85	70.70	0.862 times
20 Tue Feb 2024	74.05	71.30	75.50	70.05	4.693 times
19 Mon Feb 2024	70.40	70.70	72.50	68.05	0.715 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 65, but if it comes above 65, then a intra day buy could be more profitable.
If you take a sell trade below 65, then use 65 as stoploss and 61.3 as target. However if you take a buy trade in stock , then use 65 as stoploss and 68.17 as target.

Share price targets for Biofil Chemicals (BIOFILCHEM)

Target Type	Value
Downside Target	46.60
Downside Target	50.75
Downside Target	53.45
Downside Target	56.05
Downside Target	60.35
Downside Target	63.05
Upside Target	65.80
Upside Target	68.05
Upside Target	72.40
Upside Target	74.00
Upside Target	75.00
Upside Target	75.50
Upside Target	79.00

Intraday share price targets for Biofil Chemicals (BIOFILCHEM)

Target Type	Value
Downside Intraday Target	60.73
Downside Intraday Target	57.22
Upside Intraday Target	70.08
Upside Intraday Target	75.92
Upside Intraday Target	66.57

Weekly technical analysis of Biofil Chemicals (BIOFILCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	64.25	72.40	72.40	63.05	0.357 times
23 Fri Feb 2024	70.10	70.70	75.50	68.05	1.944 times
16 Fri Feb 2024	69.15	67.35	72.75	60.35	0.658 times
09 Fri Feb 2024	67.85	71.90	74.00	66.50	0.134 times
02 Fri Feb 2024	71.55	72.00	79.00	66.15	3.205 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 Biofil Chemicals (BIOFILCHEM)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	64.25	64.65	65.80	64.00	0.005 times
29 Thu Feb 2024	64.15	68.90	79.00	60.35	0.516 times
31 Wed Jan 2024	67.25	54.95	75.00	53.45	1.709 times
29 Fri Dec 2023	54.15	54.70	63.50	50.75	3.238 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 Biofil Chemicals (BIOFILCHEM)

Price action analysis of Biofil Chemicals ( (BIOFILCHEM) ) 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 Biofil Chemicals ( (BIOFILCHEM) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Biofil Chemicals ( (BIOFILCHEM) ) based on a mid to longer 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.

ADX buy sell signal for Biofil Chemicals stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Biofil Chemicals in short term but the sell signal is initial and weak.

Biofil Chemicals 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 green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Biofil Chemicals 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

Stock of Biofil Chemicals is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 71.23 and Biofil Chemicals (BIOFILCHEM) 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 Biofil Chemicals (BIOFILCHEM) stock. Volume based technical analysis of Biofil Chemicals (BIOFILCHEM) stock is negative.

Biofil Chemicals Stock has given negative 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.