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(KANORICHEM) Kanoria Chemicals complete technical analysis [charts+indicators] | Buy/Sell Kanoria Chemicals | (KANORICHEM) share price targets

Complete technical analysis of Kanoria Chemicals (KANORICHEM) by charts plus indicators, forecast predictions and share price targets for Kanoria Chemicals (KANORICHEM)

Kanoria Chemicals trades in NSE in Commodity Chemicals sector.

Showing technical analysis as on 2024-03-21 View latest technical analysis

10 day averaged volume of Kanoria Chemicals is 49907

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	106.95	107.60	112.00	106.45	0.914 times
20 Wed Mar 2024	106.55	109.95	109.95	106.05	0.64 times
19 Tue Mar 2024	108.95	109.60	110.40	108.20	0.814 times
18 Mon Mar 2024	109.35	109.10	112.50	108.15	1.008 times
15 Fri Mar 2024	107.50	108.05	112.25	105.25	1.047 times
14 Thu Mar 2024	110.75	103.00	113.65	103.00	1.235 times
13 Wed Mar 2024	102.90	112.00	112.75	101.55	1.312 times
12 Tue Mar 2024	111.05	116.65	116.65	110.15	1.159 times
11 Mon Mar 2024	116.70	121.00	121.00	116.40	0.775 times
07 Thu Mar 2024	120.50	119.70	122.70	119.00	0.917 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 109.1, but if it comes above 109.1, then a intra day buy could be more profitable.
If you take a sell trade below 109.1, then use 109.1 as stoploss and 98.7 as target. However if you take a buy trade in stock , then use 109.1 as stoploss and 117.75 as target.

Share price targets for Kanoria Chemicals (KANORICHEM)

Target Type	Value
Downside Target	101.55
Downside Target	106.05
Upside Target	112.50
Upside Target	118.30
Upside Target	127.50
Upside Target	132.90
Upside Target	135.15
Upside Target	135.90
Upside Target	151.70
Upside Target	157.00

Intraday share price targets for Kanoria Chemicals (KANORICHEM)

Target Type	Value
Downside Intraday Target	104.5
Downside Intraday Target	102.05
Upside Intraday Target	110.95
Upside Intraday Target	114.95
Upside Intraday Target	108.5

Weekly technical analysis of Kanoria Chemicals (KANORICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	106.95	109.10	112.50	106.05	0.611 times
15 Fri Mar 2024	107.50	121.00	121.00	101.55	1.784 times
07 Thu Mar 2024	120.50	125.30	127.50	118.30	0.246 times
02 Sat Mar 2024	124.75	129.75	135.90	123.45	2.752 times
23 Fri Feb 2024	124.65	125.90	132.90	123.15	0.682 times

Price has moved down 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 Kanoria Chemicals (KANORICHEM)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	106.95	125.10	127.50	101.55	0.392 times
29 Thu Feb 2024	124.40	131.95	135.90	120.00	0.476 times
31 Wed Jan 2024	132.25	134.95	157.00	125.20	0.576 times
29 Fri Dec 2023	134.35	129.95	151.70	126.05	4.254 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 Kanoria Chemicals (KANORICHEM)

Price action analysis of Kanoria Chemicals ( (KANORICHEM) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Kanoria Chemicals ( (KANORICHEM) ) 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 Kanoria Chemicals ( (KANORICHEM) ) 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 Kanoria Chemicals ( (KANORICHEM) ) 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 Kanoria Chemicals stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Kanoria Chemicals in short term and the sell signal is strong.

Kanoria Chemicals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 Kanoria 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

Stock of Kanoria 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 109.85 and Kanoria Chemicals (KANORICHEM) 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 Kanoria Chemicals (KANORICHEM) stock. Volume based technical analysis of Kanoria Chemicals (KANORICHEM) stock is negative.

Kanoria 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.