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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 2024-02-29 View latest technical analysis

10 day averaged volume of Bodal Chemicals is 1648166

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	84.40	83.75	87.00	81.55	2.118 times
28 Wed Feb 2024	83.75	79.80	85.50	79.80	3.019 times
27 Tue Feb 2024	79.45	80.40	80.95	79.10	0.215 times
26 Mon Feb 2024	80.40	81.25	81.35	80.00	0.321 times
23 Fri Feb 2024	81.40	82.30	83.25	81.15	0.545 times
22 Thu Feb 2024	82.00	81.80	82.45	80.20	0.708 times
21 Wed Feb 2024	81.20	82.45	86.00	79.05	2.31 times
20 Tue Feb 2024	81.50	81.95	82.30	80.65	0.354 times
19 Mon Feb 2024	82.30	81.95	83.00	81.45	0.547 times
16 Fri Feb 2024	81.45	77.80	82.85	77.80	1.542 times

Stock of Bodal Chemicals (BODALCHEM) 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 84.1, but if it comes below 84.1, then a intra day sell could be more profitable.
If you take a sell trade below 84.1, then use 84.1 as stoploss and 81.22 as target. However if you take a buy trade in stock , then use 84.1 as stoploss and 87.5 as target.

Share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Target	70.55
Downside Target	72.75
Downside Target	78.05
Downside Target	82.85
Downside Target	84.35
Upside Target	86.00
Upside Target	86.80
Upside Target	87.00
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	80
Downside Intraday Target	75.6
Upside Intraday Target	87.9
Upside Intraday Target	91.4
Downside Intraday Target	83.5

Weekly technical analysis of Bodal Chemicals (BODALCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	84.40	81.25	87.00	79.10	1.271 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 up 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
29 Thu Feb 2024	84.40	87.80	91.20	74.00	1.307 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 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 Bodal Chemicals ( (BODALCHEM) ) based on a short to mid 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 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 Strong and stock is gaining momentum.

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

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

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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 82.54 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 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.