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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 2024-03-20 View latest technical analysis

10 day averaged volume of Biofil Chemicals is 141491

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	59.05	60.65	60.65	58.30	0.156 times
19 Tue Mar 2024	58.65	60.55	62.00	56.85	0.391 times
18 Mon Mar 2024	59.20	59.50	62.55	58.00	0.273 times
15 Fri Mar 2024	60.55	62.65	62.65	59.25	0.337 times
14 Thu Mar 2024	60.60	55.05	61.90	54.40	0.664 times
13 Wed Mar 2024	56.30	64.00	64.85	55.55	0.904 times
12 Tue Mar 2024	62.70	67.25	68.80	61.90	0.72 times
11 Mon Mar 2024	66.95	70.10	71.95	66.00	0.785 times
07 Thu Mar 2024	72.05	63.05	74.15	63.05	5.046 times
06 Wed Mar 2024	63.15	61.80	64.00	61.45	0.418 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 59.7, but if it comes above 59.7, then a intra day buy could be more profitable.
If you take a sell trade below 59.7, then use 59.7 as stoploss and 54.6 as target. However if you take a buy trade in stock , then use 59.7 as stoploss and 63.98 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
Upside Target	60.35
Upside Target	62.10
Upside Target	68.05
Upside Target	71.95
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	56.42
Downside Intraday Target	53.78
Upside Intraday Target	62.12
Upside Intraday Target	65.18
Upside Intraday Target	59.48

Weekly technical analysis of Biofil Chemicals (BIOFILCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	59.05	59.50	62.55	56.85	0.24 times
15 Fri Mar 2024	60.55	70.10	71.95	54.40	0.561 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

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
20 Wed Mar 2024	59.05	64.65	74.15	54.40	0.464 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 down 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 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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

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

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 red color and prices are below the red 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

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 66.79 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 negative.

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