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(PUNJABCHEM) Punjab Chemicals complete technical analysis [charts+indicators] | Buy/Sell Punjab Chemicals | (PUNJABCHEM) share price targets

Complete technical analysis of Punjab Chemicals (PUNJABCHEM) by charts plus indicators, forecast predictions and share price targets for Punjab Chemicals (PUNJABCHEM)

Punjab Chemicals trades in NSE in Agrochemicals sector.

10 day averaged volume of Punjab Chemicals is 11931

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon May 2024	1086.45	1164.25	1197.95	1046.90	10.466 times
03 Fri May 2024	1163.25	1188.90	1188.95	1138.60	0.761 times
02 Thu May 2024	1174.35	1209.00	1209.00	1164.95	0.715 times
30 Tue Apr 2024	1198.75	1190.00	1210.00	1156.10	1.27 times
29 Mon Apr 2024	1183.30	1152.50	1195.00	1139.05	1.42 times
26 Fri Apr 2024	1151.75	1135.00	1161.00	1101.05	0.872 times
25 Thu Apr 2024	1124.00	1106.00	1135.75	1099.85	0.815 times
24 Wed Apr 2024	1105.75	1113.75	1130.10	1101.00	0.441 times
23 Tue Apr 2024	1100.10	1122.00	1140.00	1095.00	1.592 times
22 Mon Apr 2024	1114.20	1103.90	1138.80	1103.35	1.172 times

Stock of Punjab Chemicals (PUNJABCHEM) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, and stock might move down till 1043.9 or till 977. Use a stoploss of 1099.62 and if the stock hits stoploss, then it can shoot up till 1155.37

Share price targets for Punjab Chemicals (PUNJABCHEM)

Target Type	Value
Downside Target	899.85
Downside Target	945.00
Downside Target	975.00
Downside Target	1009.05
Downside Target	1046.90
Downside Target	1086.20
Upside Target	1124.40
Upside Target	1180.30
Upside Target	1197.95
Upside Target	1209.00
Upside Target	1210.00
Upside Target	1350.00

Intraday share price targets for Punjab Chemicals (PUNJABCHEM)

Target Type	Value
Downside Intraday Target	1022.92
Downside Intraday Target	959.38
Upside Intraday Target	1173.97
Upside Intraday Target	1261.48
Upside Intraday Target	1110.43

Weekly technical analysis of Punjab Chemicals (PUNJABCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon May 2024	1086.45	1164.25	1197.95	1046.90	2.513 times
03 Fri May 2024	1163.25	1152.50	1210.00	1138.60	0.851 times
26 Fri Apr 2024	1151.75	1103.90	1161.00	1095.00	1.291 times
19 Fri Apr 2024	1103.35	1123.65	1124.40	1050.00	0.31 times
12 Fri Apr 2024	1127.65	1038.00	1180.30	1009.05	2.15 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Punjab Chemicals (PUNJABCHEM)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Mon May 2024	1086.45	1209.00	1209.00	1046.90	0.408 times
30 Tue Apr 2024	1198.75	994.95	1210.00	975.00	0.689 times
28 Thu Mar 2024	992.90	1033.35	1155.00	899.85	1.391 times
29 Thu Feb 2024	1052.80	1178.00	1178.00	945.00	1.499 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 Punjab Chemicals (PUNJABCHEM)

Price action analysis of Punjab Chemicals ( (PUNJABCHEM) ) 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 Punjab Chemicals ( (PUNJABCHEM) ) based on a short 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.

Price action analysis of Punjab Chemicals ( (PUNJABCHEM) ) 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 Punjab Chemicals ( (PUNJABCHEM) ) 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 Punjab Chemicals stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Punjab Chemicals in short term and the buy signal is strong.

Punjab Chemicals 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 tired and bears are picking up momentum.

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 Punjab Chemicals in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Punjab Chemicals is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1114.71 and Punjab Chemicals (PUNJABCHEM) 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 Punjab Chemicals (PUNJABCHEM) stock. Volume based technical analysis of Punjab Chemicals (PUNJABCHEM) stock is negative.

Punjab Chemicals 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.