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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 2024-10-31 View latest technical analysis

10 day averaged volume of Bodal Chemicals is 526594

Date	Daily Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	77.17	76.80	78.20	76.18	0.289 times
30 Wed Oct 2024	76.75	74.35	77.53	74.11	0.688 times
29 Tue Oct 2024	74.32	74.70	75.76	73.68	0.743 times
28 Mon Oct 2024	74.78	75.00	76.25	73.21	0.56 times
25 Fri Oct 2024	73.98	77.00	77.20	72.40	1.128 times
24 Thu Oct 2024	76.45	77.30	77.89	76.25	0.646 times
23 Wed Oct 2024	77.13	76.55	79.20	75.18	0.821 times
22 Tue Oct 2024	76.90	80.96	81.05	76.40	1.314 times
21 Mon Oct 2024	80.96	82.50	83.78	80.60	1.098 times
18 Fri Oct 2024	82.37	80.99	82.89	79.63	1.243 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 76.3 as stoploss in an intra day buy trade for a target of 79.72. However, stock will show a bearish move below 76.3.

Share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Target	65.80
Downside Target	71.05
Downside Target	77.01
Upside Target	82.85
Upside Target	83.78
Upside Target	84.73
Upside Target	84.99
Upside Target	85.60
Upside Target	86.00
Upside Target	87.65
Upside Target	87.85

Intraday share price targets for Bodal Chemicals (BODALCHEM)

Target Type	Value
Downside Intraday Target	74.19
Downside Intraday Target	71.2
Upside Intraday Target	79.18
Upside Intraday Target	81.18
Downside Intraday Target	76.19

Weekly technical analysis of Bodal Chemicals (BODALCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	77.17	75.00	78.20	73.21	0.455 times
25 Fri Oct 2024	73.98	82.50	83.78	72.40	0.502 times
18 Fri Oct 2024	82.37	83.01	87.65	79.63	1.42 times
11 Fri Oct 2024	82.91	83.76	85.60	77.01	1.065 times
04 Fri Oct 2024	83.12	80.20	84.73	79.80	1.03 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
31 Thu Oct 2024	77.17	81.53	87.65	72.40	0.729 times
30 Mon Sep 2024	81.24	82.40	87.85	78.25	0.924 times
30 Fri Aug 2024	81.49	83.00	86.00	73.02	0.929 times
31 Wed Jul 2024	82.83	77.48	84.99	71.05	1.604 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 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Bodal Chemicals in short term and the sell 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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

RSI is generating a SELL signal in short term and selling is picking up 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 77.45 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.