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

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

Showing technical analysis as on 2024-01-09 View latest technical analysis

10 day averaged volume of Nandan Denim is 137657

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Jan 2024	29.20	29.60	29.60	28.50	0.878 times
08 Mon Jan 2024	29.00	29.50	29.50	28.00	1.301 times
05 Fri Jan 2024	28.90	29.80	29.80	28.60	1.005 times
04 Thu Jan 2024	29.45	28.55	29.95	28.55	0.597 times
03 Wed Jan 2024	29.60	30.20	30.80	29.40	0.935 times
02 Tue Jan 2024	29.40	28.75	29.40	28.30	2.927 times
01 Mon Jan 2024	28.00	27.40	28.00	27.00	0.913 times
29 Fri Dec 2023	26.70	26.45	27.60	26.40	0.624 times
28 Thu Dec 2023	26.50	26.85	27.40	26.25	0.548 times
27 Wed Dec 2023	26.85	27.50	27.70	26.75	0.807 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 29.1, but if it comes below 29.1, then a intra day sell could be more profitable.
If you take a sell trade below 29.1, then use 29.1 as stoploss and 28.2 as target. However if you take a buy trade in stock , then use 29.1 as stoploss and 30.2 as target.

Share price targets for Nandan Denim (NDL_BE)

Target Type	Value
Downside Target	26.25
Downside Target	27.60
Upside Target	29.35
Upside Target	30.80
Upside Target	31.00
Upside Target	40.90
Upside Target	42.70
Upside Target	46.20
Upside Target	49.00
Upside Target	50.50
Upside Target	66.95

Intraday share price targets for Nandan Denim (NDL_BE)

Target Type	Value
Downside Intraday Target	28.27
Downside Intraday Target	27.33
Upside Intraday Target	29.87
Upside Intraday Target	30.53
Downside Intraday Target	28.93

Weekly technical analysis of Nandan Denim (NDL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Jan 2024	29.20	29.50	29.60	28.00	0.342 times
05 Fri Jan 2024	28.90	27.40	30.80	27.00	2.747 times
29 Fri Dec 2023	26.70	28.40	28.40	26.25	0.509 times
22 Fri Dec 2023	27.60	28.45	29.55	26.55	1.152 times
15 Fri Dec 2023	28.15	28.65	29.35	27.60	0.653 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Tue Jan 2024	29.20	27.40	30.80	27.00	0.475 times
29 Fri Dec 2023	26.70	29.05	31.00	26.25	2.861 times
19 Mon Jul 2021	66.95	52.15	66.95	46.20	1.107 times
30 Wed Jun 2021	49.70	45.35	50.50	42.70	2.743 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_BE)

Price action analysis of Nandan Denim ( (NDL_BE) ) 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 Nandan Denim ( (NDL_BE) ) 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 Nandan Denim ( (NDL_BE) ) based on a short to mid 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_BE) ) 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Nandan Denim 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.

Nandan Denim 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. 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 moving up

CCI has generated a buy signal for Nandan Denim in short term and BUY signal is strong.

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 Nandan Denim is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 28.68 and Nandan Denim (NDL_BE) 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 Nandan Denim (NDL_BE) stock. Volume based technical analysis of Nandan Denim (NDL_BE) stock is negative.

Nandan Denim 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.