Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-06-06 View latest technical analysis

10 day averaged volume of Bodal Chemicals is 681467

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	71.35	70.20	73.95	70.20	0.756 times
05 Wed Jun 2024	69.95	68.75	70.30	66.10	0.343 times
04 Tue Jun 2024	67.40	71.15	71.85	65.80	0.815 times
03 Mon Jun 2024	71.10	73.50	73.50	70.50	0.56 times
31 Fri May 2024	70.95	71.80	72.50	70.50	0.42 times
30 Thu May 2024	71.35	71.80	72.65	71.05	0.305 times
29 Wed May 2024	72.00	72.30	72.60	71.55	0.339 times
28 Tue May 2024	72.75	73.05	73.80	72.15	0.53 times
27 Mon May 2024	72.70	76.90	77.20	71.90	1.189 times
24 Fri May 2024	76.45	73.05	79.80	73.00	5.249 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 70.6 as stoploss in an intra day buy trade for a target of 72.38. However, stock will show a bearish move below 70.6.

Share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Target	65.80
Downside Target	70.50
Upside Target	74.70
Upside Target	75.15
Upside Target	77.20
Upside Target	77.90
Upside Target	79.80
Upside Target	87.20
Upside Target	91.20
Upside Target	100.95

Intraday share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Intraday Target	66.78
Downside Intraday Target	62.22
Upside Intraday Target	74.93
Upside Intraday Target	78.52
Downside Intraday Target	70.37

Weekly technical analysis of Bodal Chemicals (BODALCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	71.35	73.50	73.95	65.80	0.889 times
31 Fri May 2024	70.95	76.90	77.20	70.50	0.438 times
24 Fri May 2024	76.45	74.05	79.80	72.15	2.478 times
18 Sat May 2024	73.75	72.85	75.15	70.50	0.854 times
10 Fri May 2024	72.60	77.65	77.90	70.95	0.569 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
06 Thu Jun 2024	71.35	73.50	73.95	65.80	0.141 times
31 Fri May 2024	70.95	78.20	79.80	70.50	0.564 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

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 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 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 BUY. Signal strength is Weak 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 in or above 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 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 73.76 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.