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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 2024-03-02 View latest technical analysis

10 day averaged volume of Biofil Chemicals is 99382

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	65.60	66.90	66.90	62.10	0.044 times
01 Fri Mar 2024	64.25	64.65	65.80	64.00	0.159 times
29 Thu Feb 2024	64.15	63.50	65.00	63.20	0.373 times
28 Wed Feb 2024	63.50	66.35	68.00	63.05	0.536 times
27 Tue Feb 2024	66.60	68.80	69.50	66.15	0.672 times
26 Mon Feb 2024	68.85	72.40	72.40	66.95	0.889 times
23 Fri Feb 2024	70.10	71.75	71.95	69.40	0.386 times
22 Thu Feb 2024	71.15	73.85	74.00	69.35	0.542 times
21 Wed Feb 2024	71.95	74.80	74.85	70.70	0.886 times
20 Tue Feb 2024	74.05	71.30	75.50	70.05	4.822 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 64.8 as stoploss in an intra day buy trade for a target of 68. However, stock will show a bearish move below 64.8.

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	62.10
Downside Target	63.50
Upside Target	66.15
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	61
Downside Intraday Target	56.4
Upside Intraday Target	71.3
Upside Intraday Target	77
Upside Intraday Target	66.7

Weekly technical analysis of Biofil Chemicals (BIOFILCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	65.60	72.40	72.40	62.10	0.363 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
02 Sat Mar 2024	65.60	64.65	66.90	62.10	0.006 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 SELL. Signal strength is Weak and stock is gaining 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 weakening, and bulls are picking up momentum!

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 negative zone. This is the SELL 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 71.27 and Biofil Chemicals (BIOFILCHEM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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.