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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 2024-08-16 View latest technical analysis

10 day averaged volume of Biofil Chemicals is 70174

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	62.97	63.97	63.97	62.01	0.374 times
14 Wed Aug 2024	62.38	63.30	64.78	60.12	0.588 times
13 Tue Aug 2024	63.31	65.08	65.70	63.06	0.572 times
12 Mon Aug 2024	64.15	63.60	65.25	62.91	0.534 times
09 Fri Aug 2024	64.92	64.13	68.80	63.62	3.845 times
08 Thu Aug 2024	63.22	63.90	64.79	62.12	0.498 times
07 Wed Aug 2024	63.90	63.00	64.24	62.54	0.312 times
06 Tue Aug 2024	62.44	63.35	65.00	62.05	0.248 times
05 Mon Aug 2024	62.76	65.95	65.95	62.42	1.108 times
02 Fri Aug 2024	65.96	65.75	68.40	64.10	1.618 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 62.5 as stoploss in an intra day buy trade for a target of 63.96. However, stock will show a bearish move below 62.5.

Share price targets for Biofil Chemicals (BIOFILCHEM)

Target Type	Value
Downside Target	53.55
Downside Target	58.66
Downside Target	60.00
Upside Target	65.70
Upside Target	67.49
Upside Target	68.80
Upside Target	70.50
Upside Target	70.60
Upside Target	72.40
Upside Target	72.97
Upside Target	77.60

Intraday share price targets for Biofil Chemicals (BIOFILCHEM)

Target Type	Value
Downside Intraday Target	60.16
Downside Intraday Target	57.35
Upside Intraday Target	65.74
Upside Intraday Target	68.51
Downside Intraday Target	62.93

Weekly technical analysis of Biofil Chemicals (BIOFILCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	62.97	63.60	65.70	60.12	0.344 times
09 Fri Aug 2024	64.92	65.95	68.80	62.05	0.816 times
02 Fri Aug 2024	65.96	66.90	70.50	63.19	1.209 times
26 Fri Jul 2024	65.07	60.05	66.54	58.66	2.211 times
19 Fri Jul 2024	60.71	65.50	67.49	60.00	0.724 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
16 Fri Aug 2024	62.97	67.01	68.80	60.12	0.353 times
31 Wed Jul 2024	66.63	65.90	72.97	58.66	1.517 times
28 Fri Jun 2024	64.36	63.75	70.60	53.55	2.103 times
31 Fri May 2024	62.55	71.90	72.40	61.65	0.279 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 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 Biofil Chemicals ( (BIOFILCHEM) ) based on a short to mid 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 Biofil Chemicals ( (BIOFILCHEM) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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

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

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 red color and prices are below the red 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 positive zone. This is a BUY zone

Stock of Biofil 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 64.3 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 negative.

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