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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 2024-03-07 View latest technical analysis

10 day averaged volume of Biofil Chemicals is 45013

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	72.05	63.05	74.15	63.05	15.862 times
06 Wed Mar 2024	63.15	61.80	64.00	61.45	1.313 times
05 Tue Mar 2024	61.85	64.35	65.00	60.55	1.45 times
04 Mon Mar 2024	64.30	65.65	66.35	63.70	0.484 times
02 Sat Mar 2024	65.60	66.90	66.90	62.10	0.096 times
01 Fri Mar 2024	64.25	64.65	65.80	64.00	0.35 times
29 Thu Feb 2024	64.15	63.50	65.00	63.20	0.823 times
28 Wed Feb 2024	63.50	66.35	68.00	63.05	1.183 times
27 Tue Feb 2024	66.60	68.80	69.50	66.15	1.484 times
26 Mon Feb 2024	68.85	72.40	72.40	66.95	1.963 times

Stock of Biofil Chemicals (BIOFILCHEM) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 70.9, but if it comes below 70.9, then a intra day sell could be more profitable.
If you take a sell trade below 70.9, then use 70.9 as stoploss and 67.24 as target. However if you take a buy trade in stock , then use 70.9 as stoploss and 75.3 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	62.10
Downside Target	63.50
Downside Target	66.50
Downside Target	68.05
Upside Target	72.40
Upside Target	74.15
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	63.68
Downside Intraday Target	55.32
Upside Intraday Target	77.28
Upside Intraday Target	82.52
Downside Intraday Target	68.92

Weekly technical analysis of Biofil Chemicals (BIOFILCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	72.05	65.65	74.15	60.55	3.239 times
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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Biofil Chemicals (BIOFILCHEM)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	72.05	64.65	74.15	60.55	0.276 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 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 short to mid 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 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 Strong and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Biofil Chemicals Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Biofil Chemicals in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 69.47 and Biofil Chemicals (BIOFILCHEM) 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 Biofil Chemicals (BIOFILCHEM) stock. Volume based technical analysis of Biofil Chemicals (BIOFILCHEM) stock is negative.

Biofil Chemicals Stock is giving positive 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.