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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 2024-03-11 View latest technical analysis

10 day averaged volume of Biofil Chemicals is 112572

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Mar 2024	66.95	70.10	71.95	66.00	0.987 times
07 Thu Mar 2024	72.05	63.05	74.15	63.05	6.342 times
06 Wed Mar 2024	63.15	61.80	64.00	61.45	0.525 times
05 Tue Mar 2024	61.85	64.35	65.00	60.55	0.58 times
04 Mon Mar 2024	64.30	65.65	66.35	63.70	0.193 times
02 Sat Mar 2024	65.60	66.90	66.90	62.10	0.039 times
01 Fri Mar 2024	64.25	64.65	65.80	64.00	0.14 times
29 Thu Feb 2024	64.15	63.50	65.00	63.20	0.329 times
28 Wed Feb 2024	63.50	66.35	68.00	63.05	0.473 times
27 Tue Feb 2024	66.60	68.80	69.50	66.15	0.593 times

My analysis of stock is bearish for shortterm, and stock might move down till 63.9 or till 59.6. Use a stoploss of 67.41 and if the stock hits stoploss, then it can shoot up till 70.97

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	66.00
Upside Target	68.05
Upside Target	71.95
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	64.65
Downside Intraday Target	62.35
Upside Intraday Target	70.6
Upside Intraday Target	74.25
Upside Intraday Target	68.3

Weekly technical analysis of Biofil Chemicals (BIOFILCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Mar 2024	66.95	70.10	71.95	66.00	0.129 times
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

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
11 Mon Mar 2024	66.95	64.65	74.15	60.55	0.311 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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. Bulls 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 coming down

CCI has generated a SELL signal for Biofil Chemicals in short term but SELL 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

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 69.27 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.