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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 2024-05-15 View latest technical analysis

10 day averaged volume of Bodal Chemicals is 567392

Date	Daily Closing Price	Open	High	Low	Volume
15 Wed May 2024	73.70	73.30	74.35	73.30	0.598 times
14 Tue May 2024	73.25	72.30	73.55	72.15	0.427 times
13 Mon May 2024	72.05	72.85	72.95	70.50	0.638 times
10 Fri May 2024	72.60	72.30	73.20	70.95	0.575 times
09 Thu May 2024	71.80	74.95	75.40	71.55	0.904 times
08 Wed May 2024	74.75	74.30	75.45	73.80	0.467 times
07 Tue May 2024	74.65	76.35	76.35	74.20	0.837 times
06 Mon May 2024	76.05	77.65	77.90	75.30	0.82 times
03 Fri May 2024	77.10	78.00	79.55	76.30	2.865 times
02 Thu May 2024	77.75	78.20	78.60	77.55	0.603 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 73.9, but if it comes above 73.9, then a intra day buy could be more profitable.
If you take a sell trade below 73.9, then use 73.9 as stoploss and 70.6 as target. However if you take a buy trade in stock , then use 73.9 as stoploss and 76.65 as target.

Share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Target	70.50
Downside Target	72.60
Upside Target	77.90
Upside Target	79.55
Upside Target	80.00
Upside Target	80.50
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	71.35
Downside Intraday Target	69
Upside Intraday Target	75.2
Upside Intraday Target	76.7
Downside Intraday Target	72.85

Weekly technical analysis of Bodal Chemicals (BODALCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Wed May 2024	73.70	72.85	74.35	70.50	0.461 times
10 Fri May 2024	72.60	77.65	77.90	70.95	0.569 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

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
15 Wed May 2024	73.70	78.20	79.55	70.50	0.233 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 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 losing momentum.

MACD generated a SELL signal for Bodal Chemicals in short term and the sell 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 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 moving up

CCI has generated a buy signal for Bodal Chemicals in short term but BUY signal is weak.

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 75.05 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.