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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 2024-04-10 View latest technical analysis

10 day averaged volume of Bodal Chemicals is 1271351

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	85.25	82.95	87.20	81.80	2.034 times
09 Tue Apr 2024	82.60	83.40	84.60	82.05	0.363 times
08 Mon Apr 2024	82.80	85.40	85.50	82.00	0.422 times
05 Fri Apr 2024	84.80	82.60	85.85	82.10	0.916 times
04 Thu Apr 2024	83.45	83.15	84.60	81.60	0.954 times
03 Wed Apr 2024	82.50	79.70	82.90	79.60	1.118 times
02 Tue Apr 2024	80.25	78.85	81.85	78.45	1.331 times
01 Mon Apr 2024	79.00	74.90	80.50	74.70	1.526 times
28 Thu Mar 2024	73.45	75.80	76.60	72.60	1.131 times
27 Wed Mar 2024	74.05	77.20	78.10	73.10	1.453 times

Stock of Bodal Chemicals (BODALCHEM) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 83.4, but if it comes below 83.4, then a intra day sell could be more profitable.
If you take a sell trade below 83.4, then use 83.4 as stoploss and 80.11 as target. However if you take a buy trade in stock , then use 83.4 as stoploss and 87.3 as target.

Share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Target	72.60
Downside Target	78.05
Downside Target	80.60
Upside Target	85.85
Upside Target	86.80
Upside Target	87.20
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	82.3
Downside Intraday Target	79.35
Upside Intraday Target	87.7
Upside Intraday Target	90.15
Downside Intraday Target	84.75

Weekly technical analysis of Bodal Chemicals (BODALCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	85.25	85.40	87.20	81.80	0.482 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 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
10 Wed Apr 2024	85.25	74.90	87.20	74.70	0.197 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 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 tired and bears are picking up momentum.

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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 80.54 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.