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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 2024-06-12 View latest technical analysis

10 day averaged volume of Bodal Chemicals is 371217

Date	Daily Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	74.32	75.50	75.90	74.05	1.156 times
11 Tue Jun 2024	74.93	74.15	75.89	73.70	1.415 times
10 Mon Jun 2024	73.74	72.90	74.74	72.80	1.35 times
07 Fri Jun 2024	72.35	71.90	73.15	71.40	0.739 times
06 Thu Jun 2024	71.35	70.20	73.95	70.20	1.387 times
05 Wed Jun 2024	69.95	68.75	70.30	66.10	0.629 times
04 Tue Jun 2024	67.40	71.15	71.85	65.80	1.497 times
03 Mon Jun 2024	71.10	73.50	73.50	70.50	1.029 times
31 Fri May 2024	70.95	71.80	72.50	70.50	0.771 times
30 Thu May 2024	71.35	71.80	72.65	71.05	0.56 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 74.5 as stoploss in an intra day sell trade for a target of 72.57. However, stock will show a bullish move above 74.5.

Share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Target	65.80
Downside Target	70.50
Downside Target	72.15
Upside Target	75.90
Upside Target	77.20
Upside Target	79.80
Upside Target	87.20
Upside Target	91.20
Upside Target	100.95

Intraday share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Intraday Target	72.78
Downside Intraday Target	71.24
Upside Intraday Target	75.88
Upside Intraday Target	77.44
Upside Intraday Target	74.34

Weekly technical analysis of Bodal Chemicals (BODALCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	74.32	72.90	75.90	72.80	0.742 times
07 Fri Jun 2024	72.35	73.50	73.95	65.80	1.034 times
31 Fri May 2024	70.95	76.90	77.20	70.50	0.438 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

Price has moved up 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
12 Wed Jun 2024	74.32	73.50	75.90	65.80	0.285 times
31 Fri May 2024	70.95	78.20	79.80	70.50	0.564 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

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 neutral. A longer time frame might give a better analysis.

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 but the buy signal is initial and weak.

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 red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Bodal Chemicals in short term but SELL signal is weak.

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 71.83 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.