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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 2024-04-09 View latest technical analysis

10 day averaged volume of Bodal Chemicals is 1360609

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	82.60	83.40	84.60	82.05	0.339 times
08 Mon Apr 2024	82.80	85.40	85.50	82.00	0.395 times
05 Fri Apr 2024	84.80	82.60	85.85	82.10	0.856 times
04 Thu Apr 2024	83.45	83.15	84.60	81.60	0.891 times
03 Wed Apr 2024	82.50	79.70	82.90	79.60	1.045 times
02 Tue Apr 2024	80.25	78.85	81.85	78.45	1.244 times
01 Mon Apr 2024	79.00	74.90	80.50	74.70	1.426 times
28 Thu Mar 2024	73.45	75.80	76.60	72.60	1.057 times
27 Wed Mar 2024	74.05	77.20	78.10	73.10	1.358 times
26 Tue Mar 2024	76.90	79.70	80.60	76.35	0.734 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 84 as stoploss in an intra day sell trade for a target of 80.31. However, stock will show a bullish move above 84.

Share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Target	72.60
Downside Target	78.05
Downside Target	80.60
Upside Target	85.50
Upside Target	85.85
Upside Target	86.80
Upside Target	89.40
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	81.23
Downside Intraday Target	79.87
Upside Intraday Target	84.73
Upside Intraday Target	86.87
Upside Intraday Target	83.37

Weekly technical analysis of Bodal Chemicals (BODALCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	82.60	85.40	85.50	82.00	0.134 times
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

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
09 Tue Apr 2024	82.60	74.90	85.85	74.70	0.151 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 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 Weak and stock is losing 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 tired and bears 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 but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 79.29 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.