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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 2024-06-20 View latest technical analysis

10 day averaged volume of Bodal Chemicals is 671392

Date	Daily Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	81.28	77.25	82.05	77.25	5.337 times
19 Wed Jun 2024	77.24	76.74	79.50	76.50	1.783 times
18 Tue Jun 2024	76.33	78.35	78.39	75.95	0.72 times
14 Fri Jun 2024	77.97	78.44	79.50	77.10	1.15 times
13 Thu Jun 2024	77.75	74.60	79.25	74.50	2.656 times
12 Wed Jun 2024	74.32	75.50	75.90	74.05	0.639 times
11 Tue Jun 2024	74.93	74.15	75.89	73.70	0.783 times
10 Mon Jun 2024	73.74	72.90	74.74	72.80	0.746 times
07 Fri Jun 2024	72.35	71.90	73.15	71.40	0.409 times
06 Thu Jun 2024	71.35	70.20	73.95	70.20	0.767 times

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

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 80.8, for a target of 77 or 73.75

Share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Target	65.80
Downside Target	70.50
Downside Target	72.15
Downside Target	79.50
Downside Target	79.80
Upside Target	82.05
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	77.47
Downside Intraday Target	73.66
Upside Intraday Target	83.57
Upside Intraday Target	85.86
Downside Intraday Target	79.76

Weekly technical analysis of Bodal Chemicals (BODALCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	81.28	78.35	82.05	75.95	1.312 times
14 Fri Jun 2024	77.97	72.90	79.50	72.80	2.046 times
07 Fri Jun 2024	72.35	73.50	73.95	65.80	1.034 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

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
20 Thu Jun 2024	81.28	73.50	82.05	65.80	0.938 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 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 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 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 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 77.93 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.