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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.

10 day averaged volume of Bodal Chemicals is 1152626

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	77.85	77.10	78.30	76.05	0.477 times
18 Thu Apr 2024	77.90	79.05	79.90	77.60	0.506 times
16 Tue Apr 2024	78.45	77.50	79.90	77.20	0.623 times
15 Mon Apr 2024	78.25	78.60	80.00	77.00	0.785 times
12 Fri Apr 2024	81.25	85.15	85.85	80.80	1.68 times
10 Wed Apr 2024	85.25	82.95	87.20	81.80	2.243 times
09 Tue Apr 2024	82.60	83.40	84.60	82.05	0.4 times
08 Mon Apr 2024	82.80	85.40	85.50	82.00	0.466 times
05 Fri Apr 2024	84.80	82.60	85.85	82.10	1.011 times
04 Thu Apr 2024	83.45	83.15	84.60	81.60	1.052 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 76.4 as stoploss in an intra day buy trade for a target of 79.58. However, stock will show a bearish move below 76.4.

Share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Target	72.60
Upside Target	78.05
Upside Target	80.00
Upside Target	82.90
Upside Target	85.85
Upside Target	86.80
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	75.93
Downside Intraday Target	74.02
Upside Intraday Target	79.88
Upside Intraday Target	81.92
Upside Intraday Target	77.97

Weekly technical analysis of Bodal Chemicals (BODALCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
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
05 Fri Apr 2024	84.80	74.90	85.85	74.70	1.734 times
28 Thu Mar 2024	73.45	79.70	80.60	72.60	0.826 times
22 Fri Mar 2024	80.15	80.25	82.90	76.05	0.456 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
19 Fri Apr 2024	77.85	74.90	87.20	74.70	0.281 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
31 Wed Jan 2024	86.30	82.70	89.40	78.05	1.163 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 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 SELL. Signal strength is Weak 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 SELL signal in short term but selling is losing 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 82.19 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.