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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 2024-02-01 View latest technical analysis

10 day averaged volume of Bodal Chemicals is 886578

Date	Daily Closing Price	Open	High	Low	Volume
01 Thu Feb 2024	87.70	87.80	88.55	85.35	2.79 times
31 Wed Jan 2024	86.30	83.75	86.90	83.40	1.383 times
30 Tue Jan 2024	83.55	81.00	85.20	81.00	2.754 times
29 Mon Jan 2024	80.20	81.55	82.20	79.75	0.518 times
25 Thu Jan 2024	80.90	79.80	82.05	79.50	0.567 times
24 Wed Jan 2024	79.30	79.25	79.95	78.05	0.646 times
23 Tue Jan 2024	78.85	82.75	83.80	78.20	0.731 times
22 Mon Jan 2024	82.35	81.60	83.55	81.60	0.846 times
19 Fri Jan 2024	81.20	81.45	82.70	80.00	0.796 times
18 Thu Jan 2024	80.90	81.65	82.90	79.80	1.151 times

Stock of Bodal Chemicals (BODALCHEM) has showed a significant upmove. This could be a good time to enter in this stock!

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 88.2, for a target of 85.4 or 83.04

Share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Target	70.55
Downside Target	72.75
Downside Target	78.05
Downside Target	83.80
Downside Target	85.35
Downside Target	85.95
Downside Target	86.80
Downside Target	87.10
Upside Target	88.55
Upside Target	89.40

Intraday share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Intraday Target	82.12
Downside Intraday Target	76.53
Upside Intraday Target	90.92
Upside Intraday Target	94.13
Downside Intraday Target	85.33

Weekly technical analysis of Bodal Chemicals (BODALCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Thu Feb 2024	87.70	81.55	88.55	79.75	2.668 times
25 Thu Jan 2024	80.90	81.60	83.80	78.05	0.612 times
19 Fri Jan 2024	81.20	85.70	87.10	79.80	0.494 times
12 Fri Jan 2024	85.70	84.00	89.40	81.15	1.694 times
05 Fri Jan 2024	83.65	82.70	85.95	80.60	0.949 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 Bodal Chemicals (BODALCHEM)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Thu Feb 2024	87.70	87.80	88.55	85.35	0.105 times
31 Wed Jan 2024	86.30	82.70	89.40	78.05	1.163 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

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 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 short to mid 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 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 gaining momentum.

MACD generated a BUY signal for Bodal 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.

Bodal 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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Bodal 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

Stock of Bodal 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 83.55 and Bodal Chemicals (BODALCHEM) 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 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.