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(NDL) Nandan Denim complete technical analysis [charts+indicators] | Buy/Sell Nandan Denim | (NDL) share price targets

Complete technical analysis of Nandan Denim (NDL) by charts plus indicators, forecast predictions and share price targets for Nandan Denim (NDL)

Nandan Denim trades in NSE in Textiles sector.

Showing technical analysis as on 2024-05-02 View latest technical analysis

10 day averaged volume of Nandan Denim is 1564426

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	39.00	39.70	40.00	38.25	1.017 times
30 Tue Apr 2024	39.10	40.35	41.55	38.80	1.268 times
29 Mon Apr 2024	39.80	41.10	42.20	39.30	0.382 times
26 Fri Apr 2024	41.05	41.95	42.60	40.90	0.337 times
25 Thu Apr 2024	41.55	42.20	42.55	41.00	0.716 times
24 Wed Apr 2024	42.45	43.45	44.10	41.80	0.557 times
23 Tue Apr 2024	42.50	42.80	43.70	41.95	1.014 times
22 Mon Apr 2024	42.90	44.50	44.70	42.50	0.469 times
19 Fri Apr 2024	43.30	43.50	46.05	42.65	1.281 times
18 Thu Apr 2024	44.80	45.65	48.60	44.40	2.695 times

My analysis of stock is bearish for shortterm, and stock might move down till 37.2 or till 33.7. Use a stoploss of 40.2 and if the stock hits stoploss, then it can shoot up till 43.17

Share price targets for Nandan Denim (NDL)

Target Type	Value
Downside Target	28.40
Downside Target	30.25
Downside Target	32.15
Downside Target	36.05
Downside Target	38.25
Upside Target	40.00
Upside Target	40.90
Upside Target	41.60
Upside Target	42.20
Upside Target	44.20
Upside Target	44.70
Upside Target	48.60

Intraday share price targets for Nandan Denim (NDL)

Target Type	Value
Downside Intraday Target	37.43
Downside Intraday Target	35.87
Upside Intraday Target	41.38
Upside Intraday Target	43.77
Upside Intraday Target	39.82

Weekly technical analysis of Nandan Denim (NDL)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	39.00	41.10	42.20	38.25	0.863 times
26 Fri Apr 2024	41.05	44.50	44.70	40.90	0.348 times
19 Fri Apr 2024	43.30	43.65	48.60	41.60	1.718 times
12 Fri Apr 2024	43.65	36.50	44.20	36.05	1.504 times
05 Fri Apr 2024	35.85	32.15	41.50	32.15	5.128 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 Nandan Denim (NDL)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Thu May 2024	39.00	39.70	40.00	38.25	0.046 times
30 Tue Apr 2024	39.10	32.15	48.60	32.15	4.242 times
28 Thu Mar 2024	32.30	37.20	38.90	30.80	0.585 times
29 Thu Feb 2024	36.95	30.95	40.00	30.25	18.124 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 Nandan Denim (NDL)

Price action analysis of Nandan Denim ( (NDL) ) 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 Nandan Denim ( (NDL) ) 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 Nandan Denim ( (NDL) ) based on a mid to longer 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.

ADX buy sell signal for Nandan Denim stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

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

Nandan Denim 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 SELL signal for Nandan Denim in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Nandan Denim is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 42.22 and Nandan Denim (NDL) 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 Nandan Denim (NDL) stock. Volume based technical analysis of Nandan Denim (NDL) stock is negative.

Nandan Denim 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.