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(CMNL_SM) Chaman Metallics complete technical analysis [charts+indicators] | Buy/Sell Chaman Metallics | (CMNL_SM) share price targets

Complete technical analysis of Chaman Metallics (CMNL_SM) by charts plus indicators, forecast predictions and share price targets for Chaman Metallics (CMNL_SM)

Showing technical analysis as on 2024-04-26 View latest technical analysis

10 day averaged volume of Chaman Metallics is 30600

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	94.50	93.50	96.35	91.95	1.912 times
25 Thu Apr 2024	93.95	91.00	94.50	90.00	1.422 times
24 Wed Apr 2024	90.00	91.65	91.65	88.25	1.618 times
23 Tue Apr 2024	87.30	84.00	87.30	82.50	1.618 times
22 Mon Apr 2024	83.15	82.95	83.35	82.10	0.686 times
19 Fri Apr 2024	82.90	83.60	83.95	82.70	0.539 times
18 Thu Apr 2024	84.90	85.25	86.00	83.80	0.49 times
16 Tue Apr 2024	85.00	82.00	85.00	81.50	1.029 times
15 Mon Apr 2024	81.85	81.80	82.80	81.00	0.441 times
12 Fri Apr 2024	83.05	85.00	85.00	82.30	0.833 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 94.9, for a target of 90 or 85.97

Share price targets for Chaman Metallics (CMNL_SM)

Target Type	Value
Downside Target	59.00
Downside Target	62.05
Downside Target	68.00
Downside Target	72.85
Downside Target	78.40
Downside Target	81.00
Downside Target	86.00
Downside Target	91.20
Upside Target	96.35
Upside Target	103.55
Upside Target	113.45
Upside Target	114.65

Intraday share price targets for Chaman Metallics (CMNL_SM)

Target Type	Value
Downside Intraday Target	85.62
Downside Intraday Target	76.73
Upside Intraday Target	99.87
Upside Intraday Target	105.23
Downside Intraday Target	90.98

Weekly technical analysis of Chaman Metallics (CMNL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	94.50	82.95	96.35	82.10	2.902 times
19 Fri Apr 2024	82.90	81.80	86.00	81.00	0.75 times
12 Fri Apr 2024	83.05	88.45	88.90	81.40	0.624 times
05 Fri Apr 2024	87.20	83.95	91.20	82.00	1.058 times
28 Thu Mar 2024	80.05	88.40	88.40	78.40	1.321 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 Chaman Metallics (CMNL_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	94.50	83.95	96.35	81.00	0.726 times
28 Thu Mar 2024	80.05	103.55	103.55	72.85	0.658 times
29 Thu Feb 2024	99.40	110.60	113.45	87.00	0.277 times
31 Wed Jan 2024	110.60	62.85	114.65	62.05	4.423 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 Chaman Metallics (CMNL_SM)

Price action analysis of Chaman Metallics ( (CMNL_SM) ) 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 Chaman Metallics ( (CMNL_SM) ) 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 Chaman Metallics ( (CMNL_SM) ) 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 Chaman Metallics stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Chaman Metallics 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.

Chaman Metallics 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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Chaman Metallics in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 Chaman Metallics is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 88.52 and Chaman Metallics (CMNL_SM) 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 Chaman Metallics (CMNL_SM) stock. Volume based technical analysis of Chaman Metallics (CMNL_SM) stock is negative.

Chaman Metallics 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.