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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 2024-04-05 View latest technical analysis

10 day averaged volume of Bombay Dyeing is 1479614

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	170.85	171.65	175.45	168.75	0.641 times
04 Thu Apr 2024	171.50	175.00	177.65	170.55	0.759 times
03 Wed Apr 2024	175.10	165.15	179.80	165.00	2.37 times
02 Tue Apr 2024	166.85	162.00	168.60	159.20	1.566 times
01 Mon Apr 2024	161.65	161.95	163.65	159.70	0.676 times
28 Thu Mar 2024	158.25	155.85	161.65	155.05	1.708 times
27 Wed Mar 2024	154.75	151.10	158.15	151.10	0.723 times
26 Tue Mar 2024	150.60	154.90	156.70	150.20	0.844 times
22 Fri Mar 2024	155.15	154.05	157.55	154.05	0.369 times
21 Thu Mar 2024	155.45	151.00	156.20	150.95	0.468 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 168.7, but if it comes below 168.7, then a intra day sell could be more profitable.
If you take a sell trade below 168.7, then use 168.7 as stoploss and 159.72 as target. However if you take a buy trade in stock , then use 168.7 as stoploss and 179.5 as target.

Share price targets for Bombay Dyeing (BOMDYEING)

Target Type	Value
Downside Target	136.65
Downside Target	141.15
Downside Target	148.00
Downside Target	154.00
Downside Target	159.20
Downside Target	167.20
Upside Target	172.50
Upside Target	179.80
Upside Target	187.95
Upside Target	188.75
Upside Target	191.60
Upside Target	194.50

Intraday share price targets for Bombay Dyeing (BOMDYEING)

Target Type	Value
Downside Intraday Target	160.1
Downside Intraday Target	149.35
Upside Intraday Target	180.7
Upside Intraday Target	190.55
Downside Intraday Target	169.95

Weekly technical analysis of Bombay Dyeing (BOMDYEING)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	170.85	161.95	179.80	159.20	1.835 times
28 Thu Mar 2024	158.25	154.90	161.65	150.20	1.251 times
22 Fri Mar 2024	155.15	158.30	162.00	148.00	0.409 times
15 Fri Mar 2024	158.35	172.00	172.50	136.65	1.721 times
07 Thu Mar 2024	172.05	184.90	187.95	167.20	0.576 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Bombay Dyeing (BOMDYEING)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	170.85	161.95	179.80	159.20	0.325 times
28 Thu Mar 2024	158.25	174.90	188.75	136.65	0.696 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

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 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 Bombay Dyeing ( (BOMDYEING) ) 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 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 losing momentum.

MACD generated a BUY signal for Bombay Dyeing 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.

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

CCI has generated a SELL signal for Bombay Dyeing in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 Bombay Dyeing is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 164.41 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 negative.

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