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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 2024-04-16 View latest technical analysis

10 day averaged volume of Biofil Chemicals is 91792

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	68.70	64.25	71.00	64.25	1.293 times
15 Mon Apr 2024	65.40	65.00	67.50	62.50	0.776 times
12 Fri Apr 2024	67.70	67.05	69.95	66.55	0.455 times
10 Wed Apr 2024	67.25	67.65	68.45	66.15	0.3 times
09 Tue Apr 2024	67.65	67.05	68.00	65.55	0.532 times
08 Mon Apr 2024	66.55	68.65	69.80	66.15	0.404 times
05 Fri Apr 2024	67.75	67.75	69.35	66.05	0.49 times
04 Thu Apr 2024	67.75	69.90	70.80	66.50	0.992 times
03 Wed Apr 2024	69.50	71.25	71.40	68.80	0.959 times
02 Tue Apr 2024	70.05	68.25	72.00	68.20	1.291 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 68.4, but if it comes below 68.4, then a intra day sell could be more profitable.
If you take a sell trade below 68.4, then use 68.4 as stoploss and 64.36 as target. However if you take a buy trade in stock , then use 68.4 as stoploss and 73.2 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	62.50
Downside Target	65.55
Downside Target	67.55
Upside Target	69.95
Upside Target	71.00
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	63.8
Downside Intraday Target	58.9
Upside Intraday Target	72.3
Upside Intraday Target	75.9
Downside Intraday Target	67.4

Weekly technical analysis of Biofil Chemicals (BIOFILCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	68.70	65.00	71.00	62.50	1.224 times
12 Fri Apr 2024	67.70	68.65	69.95	65.55	0.224 times
05 Fri Apr 2024	67.75	61.50	72.65	60.80	2.795 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

Price has moved up 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
16 Tue Apr 2024	68.70	61.50	72.65	60.80	0.58 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 BUY. Signal strength is Weak and stock is gaining 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 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Biofil Chemicals in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 68.2 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.