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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 2024-07-16 View latest technical analysis

10 day averaged volume of Bodal Chemicals is 788288

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	77.68	77.99	79.37	77.50	0.632 times
15 Mon Jul 2024	77.71	78.65	78.95	77.00	0.809 times
12 Fri Jul 2024	78.24	80.25	80.80	78.10	1.41 times
11 Thu Jul 2024	80.08	79.99	80.95	79.06	0.663 times
10 Wed Jul 2024	79.64	81.74	81.85	77.52	0.9 times
09 Tue Jul 2024	81.41	79.59	82.50	79.00	2.074 times
08 Mon Jul 2024	79.59	78.50	81.45	77.91	1.389 times
05 Fri Jul 2024	78.35	78.43	79.40	77.75	0.528 times
04 Thu Jul 2024	78.50	79.00	79.76	78.01	0.6 times
03 Wed Jul 2024	78.76	79.24	80.45	78.10	0.86 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 77.7, but if it comes above 77.7, then a intra day buy could be more profitable.
If you take a sell trade below 77.7, then use 77.7 as stoploss and 76.3 as target. However if you take a buy trade in stock , then use 77.7 as stoploss and 78.93 as target.

Share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Target	65.80
Downside Target	70.50
Downside Target	72.60
Downside Target	74.70
Upside Target	79.37
Upside Target	82.50
Upside Target	82.55
Upside Target	82.85
Upside Target	87.20
Upside Target	100.95

Intraday share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Intraday Target	76.66
Downside Intraday Target	75.65
Upside Intraday Target	79.03
Upside Intraday Target	80.39
Upside Intraday Target	78.02

Weekly technical analysis of Bodal Chemicals (BODALCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	77.68	78.65	79.37	77.00	0.224 times
12 Fri Jul 2024	78.24	78.50	82.50	77.52	1.943 times
05 Fri Jul 2024	78.35	77.48	80.45	77.01	0.832 times
28 Fri Jun 2024	77.10	79.41	82.55	76.78	0.487 times
21 Fri Jun 2024	79.88	78.35	82.85	75.95	1.608 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
16 Tue Jul 2024	77.68	77.48	82.50	77.00	0.567 times
28 Fri Jun 2024	77.10	73.50	82.85	65.80	1.299 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

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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Bodal Chemicals stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Bodal Chemicals in short term but the sell signal is initial and weak.

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 green color and prices are in or below the green cloud Prices appear to be coming down

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

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 79.34 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.