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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 2024-03-13 View latest technical analysis

10 day averaged volume of Bodal Chemicals is 4770505

Date	Daily Closing Price	Open	High	Low	Volume
13 Wed Mar 2024	77.75	83.50	88.00	76.00	0.786 times
12 Tue Mar 2024	83.45	88.90	89.20	82.05	0.47 times
11 Mon Mar 2024	89.20	96.75	97.10	87.45	0.402 times
07 Thu Mar 2024	96.25	94.25	100.95	92.40	1.248 times
06 Wed Mar 2024	93.50	97.45	97.50	90.40	0.847 times
05 Tue Mar 2024	97.95	95.50	99.00	93.55	1.196 times
04 Mon Mar 2024	95.60	92.30	99.90	92.00	2.223 times
02 Sat Mar 2024	91.60	89.30	92.00	89.20	0.258 times
01 Fri Mar 2024	88.75	84.70	91.05	84.70	1.581 times
29 Thu Feb 2024	84.40	83.75	87.00	81.55	0.732 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 79.2, but if it comes above 79.2, then a intra day buy could be more profitable.
If you take a sell trade below 79.2, then use 79.2 as stoploss and 71.7 as target. However if you take a buy trade in stock , then use 79.2 as stoploss and 85.47 as target.

Share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Target	72.75
Downside Target	76.00
Upside Target	78.05
Upside Target	82.85
Upside Target	86.00
Upside Target	89.40
Upside Target	90.40
Upside Target	91.20
Upside Target	92.00
Upside Target	97.10
Upside Target	100.95

Intraday share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Intraday Target	70.13
Downside Intraday Target	62.52
Upside Intraday Target	91.23
Upside Intraday Target	104.72
Upside Intraday Target	83.62

Weekly technical analysis of Bodal Chemicals (BODALCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Wed Mar 2024	77.75	96.75	97.10	76.00	0.301 times
07 Thu Mar 2024	96.25	92.30	100.95	90.40	1.451 times
02 Sat Mar 2024	91.60	81.25	92.00	79.10	2.463 times
23 Fri Feb 2024	81.40	81.95	86.00	79.05	1.447 times
16 Fri Feb 2024	81.45	80.20	82.85	74.00	1.306 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
13 Wed Mar 2024	77.75	84.70	100.95	76.00	1.39 times
29 Thu Feb 2024	84.40	87.80	91.20	74.00	1.307 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

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 Bodal Chemicals (BODALCHEM)

Price action analysis of Bodal Chemicals ( (BODALCHEM) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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

ADX buy sell signal for Bodal Chemicals stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

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

Bodal Chemicals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below 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 SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 91.44 and Bodal Chemicals (BODALCHEM) 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 Bodal Chemicals (BODALCHEM) stock. Volume based technical analysis of Bodal Chemicals (BODALCHEM) stock is negative.

Bodal 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.