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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 2024-03-18 View latest technical analysis

10 day averaged volume of Bodal Chemicals is 3891595

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	80.90	80.25	82.90	79.20	0.239 times
15 Fri Mar 2024	80.15	82.00	84.00	79.05	0.351 times
14 Thu Mar 2024	82.00	76.65	83.85	76.30	0.541 times
13 Wed Mar 2024	77.75	83.50	88.00	76.00	0.964 times
12 Tue Mar 2024	83.45	88.90	89.20	82.05	0.576 times
11 Mon Mar 2024	89.20	96.75	97.10	87.45	0.493 times
07 Thu Mar 2024	96.25	94.25	100.95	92.40	1.53 times
06 Wed Mar 2024	93.50	97.45	97.50	90.40	1.038 times
05 Tue Mar 2024	97.95	95.50	99.00	93.55	1.466 times
04 Mon Mar 2024	95.60	92.30	99.90	92.00	2.725 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 79.4 as stoploss in an intra day buy trade for a target of 85.56. However, stock will show a bearish move below 79.4.

Share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Target	72.75
Downside Target	76.00
Downside Target	78.05
Upside Target	82.90
Upside Target	86.00
Upside Target	89.40
Upside Target	90.40
Upside Target	91.20
Upside Target	92.00
Upside Target	97.10
Upside Target	100.95

Intraday share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Intraday Target	79.1
Downside Intraday Target	77.3
Upside Intraday Target	82.8
Upside Intraday Target	84.7
Upside Intraday Target	81

Weekly technical analysis of Bodal Chemicals (BODALCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	80.90	80.25	82.90	79.20	0.082 times
15 Fri Mar 2024	80.15	96.75	97.10	76.00	0.433 times
07 Thu Mar 2024	96.25	92.30	100.95	90.40	1.451 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

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
18 Mon Mar 2024	80.90	84.70	100.95	76.00	1.532 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 down this month, and volume has increased substantially. This means that the move can 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 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 short to mid 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 Bodal Chemicals ( (BODALCHEM) ) 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 Bodal Chemicals stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

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

Bodal Chemicals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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

RSI is generating a SELL signal in short term and selling is picking up 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 91.43 and Bodal Chemicals (BODALCHEM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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.