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

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

Biofil Chemicals trades in NSE in Pharmaceuticals sector.

10 day averaged volume of Biofil Chemicals is 31522

Date	Daily Closing Price	Open	High	Low	Volume
14 Tue May 2024	67.35	68.00	68.50	66.20	0.798 times
13 Mon May 2024	66.75	66.60	68.55	65.70	1.002 times
10 Fri May 2024	67.95	66.10	68.80	66.10	0.862 times
09 Thu May 2024	66.00	68.25	69.00	65.80	0.812 times
08 Wed May 2024	67.25	67.55	69.00	66.35	0.556 times
07 Tue May 2024	67.50	69.50	69.50	67.30	0.577 times
06 Mon May 2024	68.05	67.55	70.20	66.55	1.212 times
03 Fri May 2024	67.55	69.45	70.65	66.15	1.409 times
02 Thu May 2024	69.30	71.90	71.90	68.50	1.317 times
30 Tue Apr 2024	70.40	72.55	73.60	70.15	0.874 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 66.7 as stoploss in an intra day buy trade for a target of 69.01. However, stock will show a bearish move below 66.7.

Share price targets for Biofil Chemicals (BIOFILCHEM)

Target Type	Value
Downside Target	53.45
Downside Target	60.35
Downside Target	62.50
Downside Target	65.70
Upside Target	67.50
Upside Target	70.20
Upside Target	71.90
Upside Target	73.60
Upside Target	74.15
Upside Target	75.00
Upside Target	77.60
Upside Target	79.00

Intraday share price targets for Biofil Chemicals (BIOFILCHEM)

Target Type	Value
Downside Intraday Target	65.85
Downside Intraday Target	64.35
Upside Intraday Target	68.7
Upside Intraday Target	70.05
Downside Intraday Target	67.2

Weekly technical analysis of Biofil Chemicals (BIOFILCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Tue May 2024	67.35	66.60	68.55	65.70	0.448 times
10 Fri May 2024	67.95	67.55	70.20	65.80	0.807 times
03 Fri May 2024	67.55	70.45	73.60	66.15	0.145 times
26 Fri Apr 2024	69.90	67.50	77.60	67.50	3.477 times
19 Fri Apr 2024	67.60	65.00	71.00	62.50	2.012 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 Biofil Chemicals (BIOFILCHEM)

Date	Monthly Closing Price	Open	High	Low	Volume
14 Tue May 2024	67.35	71.90	71.90	65.70	0.116 times
30 Tue Apr 2024	70.40	61.50	77.60	60.80	1.295 times
28 Thu Mar 2024	60.60	64.65	74.15	54.40	0.561 times
29 Thu Feb 2024	64.15	68.90	79.00	60.35	0.516 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 Biofil Chemicals (BIOFILCHEM)

Price action analysis of Biofil Chemicals ( (BIOFILCHEM) ) 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 Biofil Chemicals ( (BIOFILCHEM) ) 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 Biofil Chemicals ( (BIOFILCHEM) ) based on a mid to longer 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.

ADX buy sell signal for Biofil Chemicals stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

Biofil Chemicals 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 green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Biofil Chemicals in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying 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 Biofil Chemicals is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 67.9 and Biofil Chemicals (BIOFILCHEM) 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 Biofil Chemicals (BIOFILCHEM) stock. Volume based technical analysis of Biofil Chemicals (BIOFILCHEM) stock is negative.

Biofil 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.