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(NDL) Nandan Denim complete technical analysis [charts+indicators] | Buy/Sell Nandan Denim | (NDL) share price targets

Complete technical analysis of Nandan Denim (NDL) by charts plus indicators, forecast predictions and share price targets for Nandan Denim (NDL)

Nandan Denim trades in NSE in Textiles sector.

10 day averaged volume of Nandan Denim is 1122950

Date	Daily Closing Price	Open	High	Low	Volume
07 Tue May 2024	39.35	39.00	42.80	38.25	5.268 times
06 Mon May 2024	38.00	39.05	39.80	37.10	0.538 times
03 Fri May 2024	38.80	39.50	40.75	38.45	1.438 times
02 Thu May 2024	39.00	39.70	40.00	38.25	1.417 times
30 Tue Apr 2024	39.10	40.35	41.55	38.80	1.767 times
29 Mon Apr 2024	39.80	41.10	42.20	39.30	0.532 times
26 Fri Apr 2024	41.05	41.95	42.60	40.90	0.469 times
25 Thu Apr 2024	41.55	42.20	42.55	41.00	0.997 times
24 Wed Apr 2024	42.45	43.45	44.10	41.80	0.776 times
23 Tue Apr 2024	42.50	42.80	43.70	41.95	1.413 times

Stock of Nandan Denim (NDL) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 37.7 or till 34.4. Use a stoploss of 40.44 and if the stock hits stoploss, then it can shoot up till 43.16

Share price targets for Nandan Denim (NDL)

Target Type	Value
Downside Target	28.40
Downside Target	30.25
Downside Target	32.15
Downside Target	36.05
Downside Target	37.10
Downside Target	38.25
Upside Target	40.00
Upside Target	40.90
Upside Target	42.80
Upside Target	44.20
Upside Target	44.70
Upside Target	48.60

Intraday share price targets for Nandan Denim (NDL)

Target Type	Value
Downside Intraday Target	36.7
Downside Intraday Target	34.05
Upside Intraday Target	42.4
Upside Intraday Target	45.45
Upside Intraday Target	39.75

Weekly technical analysis of Nandan Denim (NDL)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Tue May 2024	39.35	39.05	42.80	37.10	1.126 times
03 Fri May 2024	38.80	41.10	42.20	38.25	1.196 times
26 Fri Apr 2024	41.05	44.50	44.70	40.90	0.348 times
19 Fri Apr 2024	43.30	43.65	48.60	41.60	1.718 times
12 Fri Apr 2024	43.65	36.50	44.20	36.05	1.504 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 Nandan Denim (NDL)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Tue May 2024	39.35	39.70	42.80	37.10	0.28 times
30 Tue Apr 2024	39.10	32.15	48.60	32.15	4.242 times
28 Thu Mar 2024	32.30	37.20	38.90	30.80	0.585 times
29 Thu Feb 2024	36.95	30.95	40.00	30.25	18.124 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 Nandan Denim (NDL)

Price action analysis of Nandan Denim ( (NDL) ) 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 Nandan Denim ( (NDL) ) 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 Nandan Denim ( (NDL) ) 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 Nandan Denim ( (NDL) ) 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 Nandan Denim stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

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

Nandan Denim 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 green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Nandan Denim in short term but BUY signal is weak.

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 Nandan Denim is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 39.87 and Nandan Denim (NDL) 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 Nandan Denim (NDL) stock. Volume based technical analysis of Nandan Denim (NDL) stock is negative.

Nandan Denim Stock has given negative 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.