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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 2024-06-07 View latest technical analysis

10 day averaged volume of Bombay Dyeing is 1685108

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	167.35	164.05	168.90	162.30	0.75 times
06 Thu Jun 2024	163.15	154.35	164.80	154.35	1.279 times
05 Wed Jun 2024	154.30	151.95	159.40	143.75	1.768 times
04 Tue Jun 2024	147.40	165.25	165.70	134.10	2.051 times
03 Mon Jun 2024	166.95	171.00	171.85	165.40	0.669 times
31 Fri May 2024	164.20	166.30	166.30	161.50	0.839 times
30 Thu May 2024	165.60	170.60	171.60	165.20	0.564 times
29 Wed May 2024	171.75	170.35	174.55	170.20	0.53 times
28 Tue May 2024	171.35	177.50	178.30	169.60	0.929 times
27 Mon May 2024	177.05	180.90	181.70	175.75	0.776 times

My analysis of stock is bearish for shortterm, and stock might move down till 161.7 or till 149. Use a stoploss of 172.24 and if the stock hits stoploss, then it can shoot up till 182.82

Share price targets for Bombay Dyeing (BOMDYEING)

Target Type	Value
Downside Target	134.10
Downside Target	154.00
Downside Target	158.15
Upside Target	171.85
Upside Target	179.80
Upside Target	181.70
Upside Target	182.60
Upside Target	188.75
Upside Target	189.00
Upside Target	194.50
Upside Target	196.90

Intraday share price targets for Bombay Dyeing (BOMDYEING)

Target Type	Value
Downside Intraday Target	143.68
Downside Intraday Target	120.02
Upside Intraday Target	181.43
Upside Intraday Target	195.52
Downside Intraday Target	157.77

Weekly technical analysis of Bombay Dyeing (BOMDYEING)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	167.35	171.00	171.85	134.10	1.792 times
31 Fri May 2024	164.20	180.90	181.70	161.50	0.607 times
24 Fri May 2024	180.45	187.50	196.90	179.85	0.493 times
18 Sat May 2024	186.45	169.80	189.00	160.55	2.181 times
10 Fri May 2024	165.40	180.60	182.60	160.15	0.997 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
07 Fri Jun 2024	167.35	171.00	171.85	134.10	0.212 times
31 Fri May 2024	164.20	173.90	196.90	160.15	2.113 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

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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

MACD generated a SELL signal for Bombay Dyeing in short term and the sell 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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Bombay Dyeing in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up 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 Bombay Dyeing is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 161.47 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 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.