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

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

Bodal Chemicals trades in NSE in Commodity Chemicals sector.

Showing technical analysis as on 2024-01-08 View latest technical analysis

10 day averaged volume of Bodal Chemicals is 1071759

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	82.75	84.00	84.50	82.05	0.619 times
05 Fri Jan 2024	83.65	84.20	85.00	83.25	0.946 times
04 Thu Jan 2024	83.75	82.20	84.55	81.80	0.738 times
03 Wed Jan 2024	81.80	82.50	83.45	81.55	0.44 times
02 Tue Jan 2024	82.35	82.90	83.80	80.60	1.109 times
01 Mon Jan 2024	82.90	82.70	85.95	82.50	1.277 times
29 Fri Dec 2023	82.70	83.55	84.70	82.00	0.611 times
28 Thu Dec 2023	83.30	83.75	84.25	82.00	0.582 times
27 Wed Dec 2023	83.40	86.00	86.80	82.60	1.352 times
26 Tue Dec 2023	85.35	82.05	86.00	81.85	2.208 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 83.6 as stoploss in an intra day sell trade for a target of 81.33. However, stock will show a bullish move above 83.6.

Share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Target	70.55
Downside Target	72.75
Downside Target	76.80
Downside Target	80.60
Upside Target	84.35
Upside Target	84.50
Upside Target	85.95
Upside Target	86.40
Upside Target	86.80
Upside Target	94.35

Intraday share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Intraday Target	81.7
Downside Intraday Target	80.65
Upside Intraday Target	84.15
Upside Intraday Target	85.55
Upside Intraday Target	83.1

Weekly technical analysis of Bodal Chemicals (BODALCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	82.75	84.00	84.50	82.05	0.137 times
05 Fri Jan 2024	83.65	82.70	85.95	80.60	0.949 times
29 Fri Dec 2023	82.70	82.05	86.80	81.85	0.754 times
22 Fri Dec 2023	81.65	80.20	86.40	77.00	2.671 times
15 Fri Dec 2023	79.95	79.85	81.40	76.80	0.636 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 Bodal Chemicals (BODALCHEM)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	82.75	82.70	85.95	80.60	0.27 times
29 Fri Dec 2023	82.70	73.95	86.80	73.95	3.789 times
30 Thu Nov 2023	73.85	74.50	78.25	72.75	0.78 times
31 Tue Oct 2023	74.70	84.35	84.35	70.55	0.277 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 Bodal Chemicals (BODALCHEM)

Price action analysis of Bodal Chemicals ( (BODALCHEM) ) based on a short 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 Bodal Chemicals ( (BODALCHEM) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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

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

Bodal 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 tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Bodal Chemicals in short term and SELL 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 Bodal 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 83.54 and Bodal Chemicals (BODALCHEM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Bodal Chemicals (BODALCHEM) stock. Volume based technical analysis of Bodal Chemicals (BODALCHEM) stock is negative.

Bodal 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.