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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 2024-03-26 View latest technical analysis

10 day averaged volume of Bodal Chemicals is 1656658

Date	Daily Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	76.90	79.70	80.60	76.35	0.603 times
22 Fri Mar 2024	80.15	78.00	81.15	78.00	0.817 times
21 Thu Mar 2024	78.00	77.95	79.45	77.70	0.503 times
20 Wed Mar 2024	76.60	78.90	80.10	76.05	0.584 times
19 Tue Mar 2024	78.15	81.25	82.40	77.90	0.666 times
18 Mon Mar 2024	80.90	80.25	82.90	79.20	0.561 times
15 Fri Mar 2024	80.15	82.00	84.00	79.05	0.825 times
14 Thu Mar 2024	82.00	76.65	83.85	76.30	1.27 times
13 Wed Mar 2024	77.75	83.50	88.00	76.00	2.263 times
12 Tue Mar 2024	83.45	88.90	89.20	82.05	1.353 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 77.9, but if it comes above 77.9, then a intra day buy could be more profitable.
If you take a sell trade below 77.9, then use 77.9 as stoploss and 69.6 as target. However if you take a buy trade in stock , then use 77.9 as stoploss and 84.73 as target.

Share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Target	72.75
Downside Target	76.00
Upside Target	78.05
Upside Target	82.90
Upside Target	86.80
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	75.3
Downside Intraday Target	73.7
Upside Intraday Target	79.55
Upside Intraday Target	82.2
Upside Intraday Target	77.95

Weekly technical analysis of Bodal Chemicals (BODALCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	76.90	79.70	80.60	76.35	0.193 times
22 Fri Mar 2024	80.15	80.25	82.90	76.05	0.456 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

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
26 Tue Mar 2024	76.90	84.70	100.95	76.00	1.702 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 Strong and stock is gaining momentum.

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

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 coming down

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 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 79.66 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.