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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 2024-06-18 View latest technical analysis

10 day averaged volume of Bodal Chemicals is 597112

Date	Daily Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	76.33	78.35	78.39	75.95	0.809 times
14 Fri Jun 2024	77.97	78.44	79.50	77.10	1.293 times
13 Thu Jun 2024	77.75	74.60	79.25	74.50	2.986 times
12 Wed Jun 2024	74.32	75.50	75.90	74.05	0.719 times
11 Tue Jun 2024	74.93	74.15	75.89	73.70	0.88 times
10 Mon Jun 2024	73.74	72.90	74.74	72.80	0.839 times
07 Fri Jun 2024	72.35	71.90	73.15	71.40	0.459 times
06 Thu Jun 2024	71.35	70.20	73.95	70.20	0.863 times
05 Wed Jun 2024	69.95	68.75	70.30	66.10	0.391 times
04 Tue Jun 2024	67.40	71.15	71.85	65.80	0.93 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 75.7, but if it comes below 75.7, then a intra day sell could be more profitable.
If you take a sell trade below 75.7, then use 75.7 as stoploss and 73.13 as target. However if you take a buy trade in stock , then use 75.7 as stoploss and 78.8 as target.

Share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Target	65.80
Downside Target	70.50
Downside Target	72.15
Upside Target	78.39
Upside Target	79.50
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	75.39
Downside Intraday Target	74.45
Upside Intraday Target	77.83
Upside Intraday Target	79.33
Upside Intraday Target	76.89

Weekly technical analysis of Bodal Chemicals (BODALCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	76.33	78.35	78.39	75.95	0.12 times
14 Fri Jun 2024	77.97	72.90	79.50	72.80	2.046 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

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
18 Tue Jun 2024	76.33	73.50	79.50	65.80	0.539 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 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 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 BUY. Signal strength is Strong and stock is losing 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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 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 74.81 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.