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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 2024-03-05 View latest technical analysis

10 day averaged volume of Bodal Chemicals is 3460274

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	97.95	95.50	99.00	93.55	1.649 times
04 Mon Mar 2024	95.60	92.30	99.90	92.00	3.065 times
02 Sat Mar 2024	91.60	89.30	92.00	89.20	0.356 times
01 Fri Mar 2024	88.75	84.70	91.05	84.70	2.18 times
29 Thu Feb 2024	84.40	83.75	87.00	81.55	1.009 times
28 Wed Feb 2024	83.75	79.80	85.50	79.80	1.438 times
27 Tue Feb 2024	79.45	80.40	80.95	79.10	0.103 times
26 Mon Feb 2024	80.40	81.25	81.35	80.00	0.153 times
23 Fri Feb 2024	81.40	82.30	83.25	81.15	0.26 times
22 Thu Feb 2024	82.00	81.80	82.45	80.20	0.337 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 96, for a target of 88.9 or 82.99

Share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Target	72.75
Downside Target	78.05
Downside Target	82.85
Downside Target	84.70
Downside Target	86.80
Downside Target	87.05
Downside Target	89.40
Downside Target	91.20
Downside Target	92.00
Upside Target	99.90

Intraday share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Intraday Target	93.33
Downside Intraday Target	88.72
Upside Intraday Target	101.23
Upside Intraday Target	104.52
Downside Intraday Target	96.62

Weekly technical analysis of Bodal Chemicals (BODALCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	97.95	92.30	99.90	92.00	0.9 times
02 Sat Mar 2024	91.60	81.25	92.00	79.10	2.463 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

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
05 Tue Mar 2024	97.95	84.70	99.90	84.70	0.811 times
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

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 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 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 90.57 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.