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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 2024-05-06 View latest technical analysis

10 day averaged volume of Bodal Chemicals is 804118

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon May 2024	76.05	77.65	77.90	75.30	0.579 times
03 Fri May 2024	77.10	78.00	79.55	76.30	2.022 times
02 Thu May 2024	77.75	78.20	78.60	77.55	0.426 times
30 Tue Apr 2024	77.80	79.45	80.30	77.40	1.314 times
29 Mon Apr 2024	78.95	79.90	80.50	78.75	0.706 times
26 Fri Apr 2024	79.40	80.70	80.85	79.05	0.53 times
25 Thu Apr 2024	79.95	80.20	81.20	79.55	0.558 times
24 Wed Apr 2024	80.15	80.65	81.75	79.80	1.038 times
23 Tue Apr 2024	80.05	79.35	82.35	78.55	2.089 times
22 Mon Apr 2024	78.75	79.20	79.95	78.35	0.633 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 77.4, but if it comes above 77.4, then a intra day buy could be more profitable.
If you take a sell trade below 77.4, then use 77.4 as stoploss and 74.3 as target. However if you take a buy trade in stock , then use 77.4 as stoploss and 79.93 as target.

Share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Target	72.60
Upside Target	77.90
Upside Target	80.00
Upside Target	80.50
Upside Target	80.80
Upside Target	82.35
Upside Target	87.20
Upside Target	89.40
Upside Target	91.20
Upside Target	100.95

Intraday share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Intraday Target	74.93
Downside Intraday Target	73.82
Upside Intraday Target	77.53
Upside Intraday Target	79.02
Upside Intraday Target	76.42

Weekly technical analysis of Bodal Chemicals (BODALCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon May 2024	76.05	77.65	77.90	75.30	0.13 times
03 Fri May 2024	77.10	79.90	80.50	76.30	0.921 times
26 Fri Apr 2024	79.40	79.20	82.35	78.35	1.414 times
19 Fri Apr 2024	77.85	78.60	80.00	76.05	0.499 times
12 Fri Apr 2024	81.25	85.40	87.20	80.80	0.743 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
06 Mon May 2024	76.05	78.20	79.55	75.30	0.115 times
30 Tue Apr 2024	77.80	74.90	87.20	74.70	0.38 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

Scroll below to view daily charts

Price has moved down 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 getting stronger in this stock.

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 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 78.62 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.