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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 2024-04-05 View latest technical analysis

10 day averaged volume of Bodal Chemicals is 1370445

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	84.80	82.60	85.85	82.10	0.85 times
04 Thu Apr 2024	83.45	83.15	84.60	81.60	0.885 times
03 Wed Apr 2024	82.50	79.70	82.90	79.60	1.038 times
02 Tue Apr 2024	80.25	78.85	81.85	78.45	1.235 times
01 Mon Apr 2024	79.00	74.90	80.50	74.70	1.415 times
28 Thu Mar 2024	73.45	75.80	76.60	72.60	1.049 times
27 Wed Mar 2024	74.05	77.20	78.10	73.10	1.348 times
26 Tue Mar 2024	76.90	79.70	80.60	76.35	0.729 times
22 Fri Mar 2024	80.15	78.00	81.15	78.00	0.988 times
21 Thu Mar 2024	78.00	77.95	79.45	77.70	0.608 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 87.3 as stoploss in an intra day sell trade for a target of 81.53. However, stock will show a bullish move above 87.3.

Share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Target	72.60
Downside Target	78.05
Downside Target	80.60
Downside Target	82.90
Upside Target	85.85
Upside Target	86.80
Upside Target	89.40
Upside Target	90.40
Upside Target	91.20
Upside Target	97.10
Upside Target	100.95

Intraday share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Intraday Target	77.72
Downside Intraday Target	70.63
Upside Intraday Target	88.87
Upside Intraday Target	92.93
Downside Intraday Target	81.78

Weekly technical analysis of Bodal Chemicals (BODALCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	84.80	74.90	85.85	74.70	1.734 times
28 Thu Mar 2024	73.45	79.70	80.60	72.60	0.826 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Bodal Chemicals (BODALCHEM)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	84.80	74.90	85.85	74.70	0.133 times
28 Thu Mar 2024	73.45	84.70	100.95	72.60	1.808 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

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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Bodal Chemicals stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

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

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 red color and prices are in or above the red 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 SELL signal in short term and selling is picking up 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 79.05 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.