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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 2024-05-16 View latest technical analysis

10 day averaged volume of Bombay Dyeing is 2893234

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu May 2024	179.80	187.35	187.75	177.80	1.185 times
15 Wed May 2024	184.80	167.40	189.00	167.35	4.19 times
14 Tue May 2024	166.75	166.45	168.25	164.40	0.25 times
13 Mon May 2024	166.00	169.80	170.00	160.55	0.366 times
10 Fri May 2024	165.40	165.85	166.85	160.15	0.284 times
09 Thu May 2024	164.75	171.00	175.30	164.10	0.538 times
08 Wed May 2024	170.45	170.00	173.00	170.00	0.343 times
07 Tue May 2024	169.05	169.00	174.35	167.50	0.953 times
06 Mon May 2024	176.15	180.60	182.60	173.85	1.125 times
03 Fri May 2024	178.50	173.40	180.95	172.55	1.602 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 176.5, but if it comes below 176.5, then a intra day sell could be more profitable.
If you take a sell trade below 176.5, then use 176.5 as stoploss and 171.06 as target. However if you take a buy trade in stock , then use 176.5 as stoploss and 183.1 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
Downside Target	168.60
Downside Target	176.45
Upside Target	182.60
Upside Target	188.75
Upside Target	189.00
Upside Target	191.60
Upside Target	194.50

Intraday share price targets for Bombay Dyeing (BOMDYEING)

Target Type	Value
Downside Intraday Target	163.9
Downside Intraday Target	148
Upside Intraday Target	192.35
Upside Intraday Target	204.9
Downside Intraday Target	176.45

Weekly technical analysis of Bombay Dyeing (BOMDYEING)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu May 2024	179.80	169.80	189.00	160.55	1.848 times
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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Bombay Dyeing (BOMDYEING)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Thu May 2024	179.80	173.90	189.00	160.15	1.322 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 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 Bombay Dyeing (BOMDYEING)

Price action analysis of Bombay Dyeing ( (BOMDYEING) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Bombay Dyeing ( (BOMDYEING) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Bombay Dyeing ( (BOMDYEING) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Bombay Dyeing stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Bombay Dyeing 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.

Bombay Dyeing Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Bombay Dyeing in short term and BUY 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 178.03 and Bombay Dyeing (BOMDYEING) 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 Bombay Dyeing (BOMDYEING) stock. Volume based technical analysis of Bombay Dyeing (BOMDYEING) stock is negative.

Bombay Dyeing 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.