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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 2024-08-23 View latest technical analysis

10 day averaged volume of Biofil Chemicals is 74887

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	67.94	69.30	69.30	67.00	1.913 times
22 Thu Aug 2024	67.64	65.69	68.80	64.50	2.368 times
21 Wed Aug 2024	64.61	65.79	65.79	63.51	0.332 times
20 Tue Aug 2024	64.46	65.90	65.90	64.27	0.266 times
19 Mon Aug 2024	64.39	62.97	65.90	62.96	1.027 times
16 Fri Aug 2024	62.97	63.97	63.97	62.01	0.35 times
14 Wed Aug 2024	62.38	63.30	64.78	60.12	0.551 times
13 Tue Aug 2024	63.31	65.08	65.70	63.06	0.536 times
12 Mon Aug 2024	64.15	63.60	65.25	62.91	0.501 times
09 Fri Aug 2024	64.92	64.13	68.80	63.62	3.603 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 68.3, for a target of 66.3 or 64.65

Share price targets for Biofil Chemicals (BIOFILCHEM)

Target Type	Value
Downside Target	53.55
Downside Target	58.66
Downside Target	60.12
Downside Target	65.70
Upside Target	68.80
Upside Target	69.30
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	64.17
Downside Intraday Target	60.39
Upside Intraday Target	70.51
Upside Intraday Target	73.07
Downside Intraday Target	66.73

Weekly technical analysis of Biofil Chemicals (BIOFILCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	67.94	62.97	69.30	62.96	3.048 times
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

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
23 Fri Aug 2024	67.94	67.01	69.30	60.12	0.568 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red 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 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 65.63 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.