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(BOMDYEING) Bombay Dyeing complete technical analysis [charts+indicators] | Buy/Sell Bombay Dyeing | (BOMDYEING) share price targets

Complete technical analysis of Bombay Dyeing (BOMDYEING) by charts plus indicators, forecast predictions and share price targets for Bombay Dyeing (BOMDYEING)

Bombay Dyeing trades in NSE in Textiles sector.

Showing technical analysis as on 2024-05-10 View latest technical analysis

10 day averaged volume of Bombay Dyeing is 1962014

Date	Daily Closing Price	Open	High	Low	Volume
10 Fri May 2024	165.40	165.85	166.85	160.15	0.418 times
09 Thu May 2024	164.75	171.00	175.30	164.10	0.793 times
08 Wed May 2024	170.45	170.00	173.00	170.00	0.506 times
07 Tue May 2024	169.05	169.00	174.35	167.50	1.405 times
06 Mon May 2024	176.15	180.60	182.60	173.85	1.659 times
03 Fri May 2024	178.50	173.40	180.95	172.55	2.363 times
02 Thu May 2024	172.20	173.90	174.45	170.75	0.514 times
30 Tue Apr 2024	173.05	175.70	177.30	172.25	0.527 times
29 Mon Apr 2024	174.20	168.70	175.25	168.60	1.393 times
26 Fri Apr 2024	167.85	170.45	171.15	167.50	0.308 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 165.7, but if it comes above 165.7, then a intra day buy could be more profitable.
If you take a sell trade below 165.7, then use 165.7 as stoploss and 160.9 as target. However if you take a buy trade in stock , then use 165.7 as stoploss and 169.64 as target.

Share price targets for Bombay Dyeing (BOMDYEING)

Target Type	Value
Downside Target	136.65
Downside Target	141.15
Downside Target	154.00
Downside Target	158.15
Downside Target	165.10
Upside Target	175.50
Upside Target	179.80
Upside Target	180.95
Upside Target	182.60
Upside Target	188.75
Upside Target	191.60
Upside Target	194.50

Intraday share price targets for Bombay Dyeing (BOMDYEING)

Target Type	Value
Downside Intraday Target	156.17
Downside Intraday Target	146.93
Upside Intraday Target	178.62
Upside Intraday Target	191.83
Upside Intraday Target	169.38

Weekly technical analysis of Bombay Dyeing (BOMDYEING)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Fri May 2024	165.40	180.60	182.60	160.15	0.997 times
03 Fri May 2024	178.50	168.70	180.95	168.60	2.024 times
26 Fri Apr 2024	167.85	165.70	176.45	165.10	1.409 times
19 Fri Apr 2024	164.05	164.60	169.75	158.15	0.855 times
12 Fri Apr 2024	166.05	171.90	175.50	165.50	0.434 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 Bombay Dyeing (BOMDYEING)

Date	Monthly Closing Price	Open	High	Low	Volume
10 Fri May 2024	165.40	173.90	182.60	160.15	0.614 times
30 Tue Apr 2024	173.05	161.95	179.80	158.15	0.894 times
28 Thu Mar 2024	158.25	174.90	188.75	136.65	0.696 times
29 Thu Feb 2024	173.30	186.30	194.50	154.00	0.5 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 Bombay Dyeing (BOMDYEING)

Price action analysis of Bombay Dyeing ( (BOMDYEING) ) 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 Bombay Dyeing ( (BOMDYEING) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Bombay Dyeing ( (BOMDYEING) ) 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 Bombay Dyeing stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Bombay Dyeing 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 green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Bombay Dyeing in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Bombay Dyeing is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 173.14 and Bombay Dyeing (BOMDYEING) 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 Bombay Dyeing (BOMDYEING) stock. Volume based technical analysis of Bombay Dyeing (BOMDYEING) stock is negative.

Bombay Dyeing 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.