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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 2024-08-30 View latest technical analysis

10 day averaged volume of Nandan Denim is 728636

Date	Daily Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	46.38	46.60	46.99	46.22	0.398 times
29 Thu Aug 2024	46.39	47.21	47.38	46.16	0.73 times
28 Wed Aug 2024	47.16	47.18	47.47	47.02	0.442 times
27 Tue Aug 2024	47.09	47.20	47.60	46.90	0.847 times
26 Mon Aug 2024	47.11	47.83	47.83	47.00	0.56 times
23 Fri Aug 2024	47.33	47.69	47.80	47.18	0.673 times
22 Thu Aug 2024	47.48	47.75	48.19	47.15	0.935 times
21 Wed Aug 2024	47.57	46.91	47.76	46.91	0.733 times
20 Tue Aug 2024	47.04	47.70	47.73	46.81	0.86 times
19 Mon Aug 2024	47.45	48.24	48.57	47.32	1.757 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 46.7, but if it comes above 46.7, then a intra day buy could be more profitable.
If you take a sell trade below 46.7, then use 46.7 as stoploss and 45.8 as target. However if you take a buy trade in stock , then use 46.7 as stoploss and 47.5 as target.

Share price targets for Nandan Denim (NDL)

Target Type	Value
Downside Target	32.15
Downside Target	36.10
Downside Target	44.33
Downside Target	45.45
Upside Target	47.83
Upside Target	48.60
Upside Target	50.80
Upside Target	51.10
Upside Target	52.95
Upside Target	54.13
Upside Target	57.54

Intraday share price targets for Nandan Denim (NDL)

Target Type	Value
Downside Intraday Target	45.75
Downside Intraday Target	45.12
Upside Intraday Target	47.42
Upside Intraday Target	48.46
Upside Intraday Target	46.79

Weekly technical analysis of Nandan Denim (NDL)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	46.38	47.83	47.83	46.16	0.6 times
23 Fri Aug 2024	47.33	48.24	48.57	46.81	0.508 times
16 Fri Aug 2024	48.00	47.13	50.80	45.96	0.76 times
09 Fri Aug 2024	47.18	48.35	51.10	44.36	0.661 times
02 Fri Aug 2024	48.98	50.70	54.13	48.26	1.322 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
30 Fri Aug 2024	46.38	52.90	52.95	44.36	0.45 times
31 Wed Jul 2024	52.07	48.25	54.13	44.33	0.522 times
28 Fri Jun 2024	47.99	43.40	57.54	36.10	2.875 times
31 Fri May 2024	41.35	39.70	45.45	36.40	1.127 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 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 mid to longer 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.

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

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

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 red color and prices are below the red 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 47.18 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 negative.

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