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

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

Showing technical analysis as on 2024-01-03 View latest technical analysis

10 day averaged volume of Nandan Denim is 141134

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Jan 2024	29.60	30.20	30.80	29.40	0.912 times
02 Tue Jan 2024	29.40	28.75	29.40	28.30	2.855 times
01 Mon Jan 2024	28.00	27.40	28.00	27.00	0.891 times
29 Fri Dec 2023	26.70	26.45	27.60	26.40	0.608 times
28 Thu Dec 2023	26.50	26.85	27.40	26.25	0.534 times
27 Wed Dec 2023	26.85	27.50	27.70	26.75	0.787 times
26 Tue Dec 2023	27.50	28.40	28.40	27.25	0.335 times
22 Fri Dec 2023	27.60	28.30	28.30	27.00	0.738 times
21 Thu Dec 2023	27.15	27.50	27.50	26.55	0.664 times
20 Wed Dec 2023	27.50	29.40	29.45	27.45	1.451 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 29, but if it comes below 29, then a intra day sell could be more profitable.
If you take a sell trade below 29, then use 29 as stoploss and 28.12 as target. However if you take a buy trade in stock , then use 29 as stoploss and 30 as target.

Share price targets for Nandan Denim (NDL_BE)

Target Type	Value
Downside Target	26.25
Downside Target	27.60
Downside Target	28.40
Downside Target	29.35
Upside Target	30.30
Upside Target	31.00
Upside Target	40.90
Upside Target	42.70
Upside Target	46.20
Upside Target	49.00
Upside Target	50.50
Upside Target	66.95

Intraday share price targets for Nandan Denim (NDL_BE)

Target Type	Value
Downside Intraday Target	27.47
Downside Intraday Target	25.33
Upside Intraday Target	31.27
Upside Intraday Target	32.93
Downside Intraday Target	29.13

Weekly technical analysis of Nandan Denim (NDL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Jan 2024	29.60	27.40	30.80	27.00	2.057 times
29 Fri Dec 2023	26.70	28.40	28.40	26.25	0.509 times
22 Fri Dec 2023	27.60	28.45	29.55	26.55	1.152 times
15 Fri Dec 2023	28.15	28.65	29.35	27.60	0.653 times
08 Fri Dec 2023	28.65	30.30	30.30	27.70	3.078 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 Nandan Denim (NDL_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Wed Jan 2024	29.60	27.40	30.80	27.00	0.265 times
29 Fri Dec 2023	26.70	29.05	31.00	26.25	2.861 times
19 Mon Jul 2021	66.95	52.15	66.95	46.20	1.107 times
30 Wed Jun 2021	49.70	45.35	50.50	42.70	2.743 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 Nandan Denim (NDL_BE)

Price action analysis of Nandan Denim ( (NDL_BE) ) based on a short 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_BE) ) 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 Nandan Denim ( (NDL_BE) ) 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 Nandan Denim ( (NDL_BE) ) 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 BUY signal for Nandan Denim in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Nandan Denim Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 Nandan Denim 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 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 28.12 and Nandan Denim (NDL_BE) 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 Nandan Denim (NDL_BE) stock. Volume based technical analysis of Nandan Denim (NDL_BE) stock is negative.

Nandan Denim Stock is giving positive 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.