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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 2024-08-21 View latest technical analysis

10 day averaged volume of Bodal Chemicals is 688509

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	81.08	78.93	82.30	78.70	2.204 times
20 Tue Aug 2024	78.74	78.70	79.40	78.02	0.524 times
19 Mon Aug 2024	78.33	78.00	79.10	76.95	0.726 times
16 Fri Aug 2024	76.69	75.34	76.88	74.52	0.675 times
14 Wed Aug 2024	74.40	77.50	77.90	73.02	1.696 times
13 Tue Aug 2024	77.07	79.80	80.47	76.70	0.761 times
12 Mon Aug 2024	79.62	79.19	80.95	78.27	0.941 times
09 Fri Aug 2024	79.71	79.45	81.75	79.00	1.349 times
08 Thu Aug 2024	78.97	78.00	81.56	77.99	1.391 times
07 Wed Aug 2024	78.30	77.95	78.88	76.69	0.781 times

Stock of Bodal Chemicals (BODALCHEM) has showed a significant upmove. This could be a good time to enter in this stock!

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 81.5 as stoploss in an intra day sell trade for a target of 79.03. However, stock will show a bullish move above 81.5.

Share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Target	65.80
Downside Target	70.50
Downside Target	73.02
Downside Target	74.70
Downside Target	76.20
Downside Target	79.35
Upside Target	82.30
Upside Target	82.85
Upside Target	84.38
Upside Target	84.90
Upside Target	84.99
Upside Target	87.20

Intraday share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Intraday Target	77.92
Downside Intraday Target	74.76
Upside Intraday Target	83.27
Upside Intraday Target	85.46
Downside Intraday Target	80.11

Weekly technical analysis of Bodal Chemicals (BODALCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	81.08	78.00	82.30	76.95	0.848 times
16 Fri Aug 2024	76.69	79.19	80.95	73.02	0.636 times
09 Fri Aug 2024	79.71	81.10	81.75	76.20	0.607 times
02 Fri Aug 2024	83.07	83.00	84.99	79.35	0.699 times
26 Fri Jul 2024	82.17	73.44	84.90	71.05	4.64 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
21 Wed Aug 2024	81.08	83.00	84.38	73.02	0.489 times
31 Wed Jul 2024	82.83	77.48	84.99	71.05	1.604 times
28 Fri Jun 2024	77.10	73.50	82.85	65.80	1.299 times
31 Fri May 2024	70.95	78.20	79.80	70.50	0.564 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Bodal Chemicals ( (BODALCHEM) ) based on a short 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 short to mid 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 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 Weak 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 moving up

CCI has generated a buy signal for Bodal Chemicals in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY 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 78.46 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.