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(BOMDYEING) Bombay Dyeing complete technical analysis [charts+indicators] | Buy/Sell Bombay Dyeing | (BOMDYEING) share price targets

Complete technical analysis of Bombay Dyeing (BOMDYEING) by charts plus indicators, forecast predictions and share price targets for Bombay Dyeing (BOMDYEING)

Bombay Dyeing trades in NSE in Textiles sector.

Showing technical analysis as on 2024-03-01 View latest technical analysis

10 day averaged volume of Bombay Dyeing is 1411976

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	185.20	174.90	187.50	174.90	2.268 times
29 Thu Feb 2024	173.30	172.55	177.00	169.10	0.764 times
28 Wed Feb 2024	174.95	183.80	185.70	172.55	0.912 times
27 Tue Feb 2024	182.00	179.50	186.90	177.35	2.042 times
26 Mon Feb 2024	178.15	180.00	181.00	174.95	0.43 times
23 Fri Feb 2024	180.00	178.95	183.30	178.20	1.13 times
22 Thu Feb 2024	178.65	179.45	180.00	173.25	0.676 times
21 Wed Feb 2024	177.80	180.90	183.90	176.65	1.249 times
20 Tue Feb 2024	179.45	174.00	183.40	173.25	1.497 times
19 Mon Feb 2024	173.70	174.10	180.90	172.70	0.828 times

Stock of Bombay Dyeing (BOMDYEING) 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 trade for tomorrow is selective. Take a BUY trade only if stock stays above 184.3, but if it comes below 184.3, then a intra day sell could be more profitable.
If you take a sell trade below 184.3, then use 184.3 as stoploss and 177.41 as target. However if you take a buy trade in stock , then use 184.3 as stoploss and 192.5 as target.

Share price targets for Bombay Dyeing (BOMDYEING)

Target Type	Value
Downside Target	141.15
Downside Target	150.00
Downside Target	154.00
Downside Target	161.50
Downside Target	169.10
Downside Target	182.90
Downside Target	183.90
Upside Target	187.50
Upside Target	191.60
Upside Target	194.50

Intraday share price targets for Bombay Dyeing (BOMDYEING)

Target Type	Value
Downside Intraday Target	173.7
Downside Intraday Target	162.2
Upside Intraday Target	192.1
Upside Intraday Target	199
Downside Intraday Target	180.6

Weekly technical analysis of Bombay Dyeing (BOMDYEING)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	185.20	180.00	187.50	169.10	1.193 times
23 Fri Feb 2024	180.00	174.10	183.90	172.70	0.878 times
16 Fri Feb 2024	174.15	174.90	182.90	154.00	0.674 times
09 Fri Feb 2024	173.65	180.00	194.50	172.00	0.656 times
02 Fri Feb 2024	179.90	181.80	191.60	173.00	0.72 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 Bombay Dyeing (BOMDYEING)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	185.20	174.90	187.50	174.90	0.081 times
29 Thu Feb 2024	173.30	186.30	194.50	154.00	0.5 times
31 Wed Jan 2024	185.70	155.00	191.60	141.15	2.834 times
29 Fri Dec 2023	154.00	156.35	161.50	142.60	0.429 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 Bombay Dyeing (BOMDYEING)

Price action analysis of Bombay Dyeing ( (BOMDYEING) ) based on a short 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 Bombay Dyeing ( (BOMDYEING) ) 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 Bombay Dyeing ( (BOMDYEING) ) based on a short to mid 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 Bombay Dyeing ( (BOMDYEING) ) 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 Bombay Dyeing stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Bombay Dyeing in short term but the sell signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Bombay Dyeing Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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 Bombay Dyeing in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Bombay Dyeing is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 179.63 and Bombay Dyeing (BOMDYEING) 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 Bombay Dyeing (BOMDYEING) stock. Volume based technical analysis of Bombay Dyeing (BOMDYEING) stock is negative.

Bombay Dyeing 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.