Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-05-29 View latest technical analysis

10 day averaged volume of Bodal Chemicals is 663824

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed May 2024	72.00	72.30	72.60	71.55	0.348 times
28 Tue May 2024	72.75	73.05	73.80	72.15	0.544 times
27 Mon May 2024	72.70	76.90	77.20	71.90	1.221 times
24 Fri May 2024	76.45	73.05	79.80	73.00	5.389 times
23 Thu May 2024	73.15	73.10	73.70	72.90	0.256 times
22 Wed May 2024	72.85	73.50	73.90	72.15	0.501 times
21 Tue May 2024	73.30	74.05	74.40	73.10	0.37 times
18 Sat May 2024	73.75	74.50	74.95	72.30	0.178 times
17 Fri May 2024	74.10	73.55	75.15	72.95	0.523 times
16 Thu May 2024	72.90	73.90	74.05	72.45	0.508 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 72.2, but if it comes above 72.2, then a intra day buy could be more profitable.
If you take a sell trade below 72.2, then use 72.2 as stoploss and 70.2 as target. However if you take a buy trade in stock , then use 72.2 as stoploss and 73.88 as target.

Share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Target	70.50
Upside Target	77.90
Upside Target	78.05
Upside Target	79.80
Upside Target	80.50
Upside Target	87.20
Upside Target	89.40
Upside Target	91.20
Upside Target	100.95

Intraday share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Intraday Target	69.97
Downside Intraday Target	67.93
Upside Intraday Target	75.62
Upside Intraday Target	79.23
Upside Intraday Target	73.58

Weekly technical analysis of Bodal Chemicals (BODALCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed May 2024	72.00	76.90	77.20	71.55	0.324 times
24 Fri May 2024	76.45	74.05	79.80	72.15	2.478 times
18 Sat May 2024	73.75	72.85	75.15	70.50	0.854 times
10 Fri May 2024	72.60	77.65	77.90	70.95	0.569 times
03 Fri May 2024	77.10	79.90	80.50	76.30	0.921 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
29 Wed May 2024	72.00	78.20	79.80	70.50	0.541 times
30 Tue Apr 2024	77.80	74.90	87.20	74.70	0.38 times
28 Thu Mar 2024	73.45	84.70	100.95	72.60	1.808 times
29 Thu Feb 2024	84.40	87.80	91.20	74.00	1.307 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 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Bodal Chemicals ( (BODALCHEM) ) based on a mid to longer 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.

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

MACD generated a BUY signal for Bodal Chemicals in short term but the buy 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 red color and prices are below the red 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 but selling 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 74.88 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.