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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 2024-01-25 View latest technical analysis

10 day averaged volume of Nandan Denim is 100582

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Jan 2024	27.60	26.30	27.85	26.30	1.568 times
24 Wed Jan 2024	26.55	26.30	27.00	26.25	0.643 times
23 Tue Jan 2024	26.80	27.45	28.00	26.65	0.581 times
22 Mon Jan 2024	27.40	28.30	28.30	27.00	0.8 times
19 Fri Jan 2024	27.60	27.70	27.90	27.00	0.628 times
18 Thu Jan 2024	27.20	27.70	27.70	26.20	1.058 times
17 Wed Jan 2024	27.30	27.00	27.85	26.65	1.224 times
16 Tue Jan 2024	27.75	29.15	29.15	27.40	1.358 times
15 Mon Jan 2024	28.75	29.30	29.30	27.55	1.406 times
12 Fri Jan 2024	28.75	29.10	29.30	28.10	1.158 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 27.2 as stoploss in an intra day buy trade for a target of 28.18. However, stock will show a bearish move below 27.2.

Share price targets for Nandan Denim (NDL_BE)

Target Type	Value
Downside Target	26.20
Downside Target	27.00
Upside Target	28.00
Upside Target	29.30
Upside Target	30.80
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	26.47
Downside Intraday Target	25.33
Upside Intraday Target	28.52
Upside Intraday Target	29.43
Downside Intraday Target	27.38

Weekly technical analysis of Nandan Denim (NDL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Jan 2024	27.60	28.30	28.30	26.25	0.633 times
19 Fri Jan 2024	27.60	29.30	29.30	26.20	0.924 times
12 Fri Jan 2024	28.75	29.50	29.60	28.00	0.703 times
05 Fri Jan 2024	28.90	27.40	30.80	27.00	2.747 times
29 Fri Dec 2023	26.70	28.40	28.40	26.25	0.509 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
25 Thu Jan 2024	27.60	27.40	30.80	26.20	0.98 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Nandan Denim ( (NDL_BE) ) 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 Nandan Denim ( (NDL_BE) ) 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_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 SELL. 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Nandan Denim in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 27.7 and Nandan Denim (NDL_BE) 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_BE) stock. Volume based technical analysis of Nandan Denim (NDL_BE) 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.