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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.

Showing technical analysis as on 2024-04-04 View latest technical analysis

10 day averaged volume of Biofil Chemicals is 94205

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	67.75	69.90	70.80	66.50	0.967 times
03 Wed Apr 2024	69.50	71.25	71.40	68.80	0.934 times
02 Tue Apr 2024	70.05	68.25	72.00	68.20	1.258 times
01 Mon Apr 2024	68.10	61.50	72.65	60.80	3.703 times
28 Thu Mar 2024	60.60	60.35	62.90	60.00	0.252 times
27 Wed Mar 2024	60.30	59.95	67.55	57.55	1.976 times
26 Tue Mar 2024	59.95	62.50	63.80	59.15	0.399 times
22 Fri Mar 2024	61.60	62.50	62.95	61.25	0.388 times
21 Thu Mar 2024	60.95	59.70	62.00	58.95	0.269 times
20 Wed Mar 2024	59.05	60.65	60.65	58.30	0.234 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 67.3, but if it comes below 67.3, then a intra day sell could be more profitable.
If you take a sell trade below 67.3, then use 67.3 as stoploss and 62.99 as target. However if you take a buy trade in stock , then use 67.3 as stoploss and 72.5 as target.

Share price targets for Biofil Chemicals (BIOFILCHEM)

Target Type	Value
Downside Target	50.75
Downside Target	53.45
Downside Target	56.85
Downside Target	60.35
Downside Target	62.95
Downside Target	67.55
Upside Target	71.95
Upside Target	72.65
Upside Target	74.15
Upside Target	75.00
Upside Target	79.00

Intraday share price targets for Biofil Chemicals (BIOFILCHEM)

Target Type	Value
Downside Intraday Target	61.48
Downside Intraday Target	55.22
Upside Intraday Target	73.33
Upside Intraday Target	78.92
Downside Intraday Target	67.07

Weekly technical analysis of Biofil Chemicals (BIOFILCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	67.75	61.50	72.65	60.80	2.613 times
28 Thu Mar 2024	60.60	62.50	67.55	57.55	1.391 times
22 Fri Mar 2024	61.60	59.50	62.95	56.85	0.369 times
15 Fri Mar 2024	60.55	70.10	71.95	54.40	0.561 times
07 Thu Mar 2024	72.05	65.65	74.15	60.55	3.239 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 Biofil Chemicals (BIOFILCHEM)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	67.75	61.50	72.65	60.80	0.362 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
31 Wed Jan 2024	67.25	54.95	75.00	53.45	1.709 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 Biofil Chemicals (BIOFILCHEM)

Price action analysis of Biofil Chemicals ( (BIOFILCHEM) ) 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 Biofil Chemicals ( (BIOFILCHEM) ) 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 Biofil Chemicals ( (BIOFILCHEM) ) 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 Biofil Chemicals stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

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

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

Biofil Chemicals Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

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

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 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 65.82 and Biofil Chemicals (BIOFILCHEM) 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 Biofil Chemicals (BIOFILCHEM) stock. Volume based technical analysis of Biofil Chemicals (BIOFILCHEM) stock is negative.

Biofil Chemicals 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.