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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 2024-02-02 View latest technical analysis

10 day averaged volume of Bodal Chemicals is 1080049

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Feb 2024	86.70	88.75	91.20	86.10	2.564 times
01 Thu Feb 2024	87.70	87.80	88.55	85.35	2.29 times
31 Wed Jan 2024	86.30	83.75	86.90	83.40	1.135 times
30 Tue Jan 2024	83.55	81.00	85.20	81.00	2.26 times
29 Mon Jan 2024	80.20	81.55	82.20	79.75	0.426 times
25 Thu Jan 2024	80.90	79.80	82.05	79.50	0.465 times
24 Wed Jan 2024	79.30	79.25	79.95	78.05	0.53 times
23 Tue Jan 2024	78.85	82.75	83.80	78.20	0.6 times
22 Mon Jan 2024	82.35	81.60	83.55	81.60	0.695 times
19 Fri Jan 2024	81.20	81.45	82.70	80.00	0.654 times

Stock of Bodal Chemicals (BODALCHEM) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 85.7, but if it comes below 85.7, then a intra day sell could be more profitable.
If you take a sell trade below 85.7, then use 85.7 as stoploss and 83.19 as target. However if you take a buy trade in stock , then use 85.7 as stoploss and 88.7 as target.

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
Upside Target	86.80
Upside Target	87.10
Upside Target	89.40
Upside Target	91.20

Intraday share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Intraday Target	80.57
Downside Intraday Target	74.43
Upside Intraday Target	92.02
Upside Intraday Target	97.33
Downside Intraday Target	85.88

Weekly technical analysis of Bodal Chemicals (BODALCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Feb 2024	86.70	81.55	91.20	79.75	3.788 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
02 Fri Feb 2024	86.70	87.80	91.20	85.35	0.222 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 coming down

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 and the buying is gaining 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 84.46 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.