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

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

Bodal Chemicals trades in NSE in Commodity Chemicals sector.

Showing technical analysis as on 2024-02-21 View latest technical analysis

10 day averaged volume of Bodal Chemicals is 881631

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	81.20	82.45	86.00	79.05	4.319 times
20 Tue Feb 2024	81.50	81.95	82.30	80.65	0.662 times
19 Mon Feb 2024	82.30	81.95	83.00	81.45	1.023 times
16 Fri Feb 2024	81.45	77.80	82.85	77.80	2.883 times
15 Thu Feb 2024	77.40	77.00	78.00	76.55	0.819 times
14 Wed Feb 2024	76.55	75.30	78.00	75.00	0.472 times
13 Tue Feb 2024	76.30	76.00	77.05	74.00	0.756 times
12 Mon Feb 2024	76.10	80.20	80.75	75.45	0.84 times
09 Fri Feb 2024	80.20	81.70	82.40	78.75	1.021 times
08 Thu Feb 2024	81.55	83.25	84.05	81.25	0.702 times

Stock of Bodal Chemicals (BODALCHEM) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, and stock might move down till 78.3 or till 74.3. Use a stoploss of 81.55 and if the stock hits stoploss, then it can shoot up till 84.85

Share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Target	70.55
Downside Target	72.75
Downside Target	78.05
Upside Target	82.85
Upside Target	83.80
Upside Target	84.35
Upside Target	86.00
Upside Target	86.80
Upside Target	87.05
Upside Target	89.40
Upside Target	91.20

Intraday share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Intraday Target	78.17
Downside Intraday Target	75.13
Upside Intraday Target	85.12
Upside Intraday Target	89.03
Upside Intraday Target	82.08

Weekly technical analysis of Bodal Chemicals (BODALCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	81.20	81.95	86.00	79.05	1.04 times
16 Fri Feb 2024	81.45	80.20	82.85	74.00	1.306 times
09 Fri Feb 2024	80.20	87.00	87.05	78.75	0.416 times
02 Fri Feb 2024	86.70	81.55	91.20	79.75	3.788 times
25 Thu Jan 2024	80.90	81.60	83.80	78.05	0.612 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 Bodal Chemicals (BODALCHEM)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	81.20	87.80	91.20	74.00	0.825 times
31 Wed Jan 2024	86.30	82.70	89.40	78.05	1.163 times
29 Fri Dec 2023	82.70	73.95	86.80	73.95	3.789 times
30 Thu Nov 2023	73.85	74.50	78.25	72.75	0.78 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 Bodal Chemicals (BODALCHEM)

Price action analysis of Bodal Chemicals ( (BODALCHEM) ) based on a short 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.

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

ADX buy sell signal for Bodal Chemicals stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Bodal Chemicals in short term but the buy signal is initial and weak.

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

Bodal 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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Bodal 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 Bodal 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 80.31 and Bodal Chemicals (BODALCHEM) 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 Bodal Chemicals (BODALCHEM) stock. Volume based technical analysis of Bodal Chemicals (BODALCHEM) stock is negative.

Bodal 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.