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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 2024-09-20 View latest technical analysis

10 day averaged volume of Nandan Denim is 2970248

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	6.49	6.78	6.78	6.45	2.69 times
19 Thu Sep 2024	6.79	6.75	6.80	6.51	4.184 times
18 Wed Sep 2024	64.75	64.40	66.40	62.57	0.613 times
17 Tue Sep 2024	64.36	62.00	65.50	59.50	0.979 times
16 Mon Sep 2024	62.64	65.62	66.00	62.33	0.579 times
13 Fri Sep 2024	65.62	65.50	67.35	62.51	0.476 times
12 Thu Sep 2024	65.72	66.90	67.00	62.12	1.055 times
11 Wed Sep 2024	65.39	59.22	65.45	59.22	1.896 times
30 Tue Jan 2024	28.85	29.30	30.15	28.50	0.093 times
29 Mon Jan 2024	28.95	28.80	28.95	27.70	0.072 times

Stock of Nandan Denim (NDL_BE) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 17.4, but if it comes above 17.4, then a intra day buy could be more profitable.
If you take a sell trade below 17.4, then use 17.4 as stoploss and -5.8 as target. However if you take a buy trade in stock , then use 17.4 as stoploss and 36.76 as target.

Share price targets for Nandan Denim (NDL_BE)

Target Type	Value
Downside Target	6.45
Upside Target	26.20
Upside Target	27.70
Upside Target	29.30
Upside Target	30.80
Upside Target	42.70
Upside Target	46.20
Upside Target	50.50
Upside Target	66.40
Upside Target	66.95
Upside Target	67.35

Intraday share price targets for Nandan Denim (NDL_BE)

Target Type	Value
Downside Intraday Target	-13.51
Downside Intraday Target	-33.5
Upside Intraday Target	46.44
Upside Intraday Target	86.4
Upside Intraday Target	26.45

Weekly technical analysis of Nandan Denim (NDL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	6.49	65.62	66.40	6.45	2.519 times
13 Fri Sep 2024	65.62	28.80	67.35	27.70	29.521 times
25 Thu Jan 2024	27.60	28.30	28.30	26.25	0.633 times
19 Fri Jan 2024	27.60	29.30	29.30	26.20	0.924 times
12 Fri Jan 2024	28.75	29.50	29.60	28.00	0.703 times

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

Monthly technical analysis of Nandan Denim (NDL_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	6.49	59.22	67.35	6.45	12.708 times
30 Tue Jan 2024	28.85	27.40	30.80	26.20	1.177 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

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 neutral. A longer time frame might give a better analysis.

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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Nandan Denim in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling 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 32.77 and Nandan Denim (NDL_BE) 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_BE) stock. Volume based technical analysis of Nandan Denim (NDL_BE) stock is negative.

Nandan Denim 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.