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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 2024-02-27 View latest technical analysis

10 day averaged volume of Bodal Chemicals is 1223465

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	79.45	80.40	80.95	79.10	0.29 times
26 Mon Feb 2024	80.40	81.25	81.35	80.00	0.432 times
23 Fri Feb 2024	81.40	82.30	83.25	81.15	0.735 times
22 Thu Feb 2024	82.00	81.80	82.45	80.20	0.954 times
21 Wed Feb 2024	81.20	82.45	86.00	79.05	3.112 times
20 Tue Feb 2024	81.50	81.95	82.30	80.65	0.477 times
19 Mon Feb 2024	82.30	81.95	83.00	81.45	0.737 times
16 Fri Feb 2024	81.45	77.80	82.85	77.80	2.077 times
15 Thu Feb 2024	77.40	77.00	78.00	76.55	0.59 times
14 Wed Feb 2024	76.55	75.30	78.00	75.00	0.34 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 78.3 as stoploss in an intra day buy trade for a target of 81.51. However, stock will show a bearish move below 78.3.

Share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Target	70.55
Downside Target	72.75
Downside Target	78.05
Upside Target	81.35
Upside Target	82.85
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	78.58
Downside Intraday Target	77.72
Upside Intraday Target	80.83
Upside Intraday Target	82.22
Upside Intraday Target	79.97

Weekly technical analysis of Bodal Chemicals (BODALCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	79.45	81.25	81.35	79.10	0.12 times
23 Fri Feb 2024	81.40	81.95	86.00	79.05	1.447 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

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
27 Tue Feb 2024	79.45	87.80	91.20	74.00	0.949 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 Bodal Chemicals stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

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

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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Bodal Chemicals in short term and SELL 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

Stock of Bodal 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 80.96 and Bodal Chemicals (BODALCHEM) 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 Bodal Chemicals (BODALCHEM) stock. Volume based technical analysis of Bodal Chemicals (BODALCHEM) stock is negative.

Bodal Chemicals Stock is giving positive 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.