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

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

Punjab Chemicals trades in NSE in Agrochemicals sector.

Showing technical analysis as on 2024-04-16 View latest technical analysis

10 day averaged volume of Punjab Chemicals is 23275

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	1083.70	1080.00	1110.00	1077.00	0.418 times
15 Mon Apr 2024	1080.55	1123.65	1123.65	1050.00	0.816 times
12 Fri Apr 2024	1127.65	1040.00	1180.30	1040.00	4.798 times
10 Wed Apr 2024	1044.55	1019.50	1050.30	1009.05	0.588 times
09 Tue Apr 2024	1012.40	1031.10	1034.45	1010.10	0.147 times
08 Mon Apr 2024	1024.40	1038.00	1040.00	1016.80	0.735 times
05 Fri Apr 2024	1025.05	1015.50	1032.45	1012.40	0.379 times
04 Thu Apr 2024	1008.45	1016.05	1029.85	1004.85	0.492 times
03 Wed Apr 2024	1007.00	1003.75	1028.65	998.05	0.754 times
02 Tue Apr 2024	998.75	984.55	1017.35	982.05	0.613 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1052.6, but if it comes below 1052.6, then a intra day sell could be more profitable.
If you take a sell trade below 1052.6, then use 1052.6 as stoploss and 1005.4 as target. However if you take a buy trade in stock , then use 1052.6 as stoploss and 1109.3 as target.

Share price targets for Punjab Chemicals (PUNJABCHEM)

Target Type	Value
Downside Target	899.85
Downside Target	928.40
Downside Target	975.00
Downside Target	1000.15
Downside Target	1032.45
Upside Target	1086.20
Upside Target	1123.65
Upside Target	1155.00
Upside Target	1178.00
Upside Target	1180.30
Upside Target	1350.00
Upside Target	1391.00

Intraday share price targets for Punjab Chemicals (PUNJABCHEM)

Target Type	Value
Downside Intraday Target	1047.92
Downside Intraday Target	1012.13
Upside Intraday Target	1121.57
Upside Intraday Target	1159.43
Upside Intraday Target	1085.78

Weekly technical analysis of Punjab Chemicals (PUNJABCHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	1083.70	1123.65	1123.65	1050.00	0.197 times
12 Fri Apr 2024	1127.65	1038.00	1180.30	1009.05	2.15 times
05 Fri Apr 2024	1025.05	994.95	1032.45	975.00	0.684 times
28 Thu Mar 2024	992.90	958.85	1000.15	928.40	0.766 times
22 Fri Mar 2024	958.85	979.30	1012.00	950.00	1.238 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 Punjab Chemicals (PUNJABCHEM)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	1083.70	994.95	1180.30	975.00	0.478 times
28 Thu Mar 2024	992.90	1033.35	1155.00	899.85	1.391 times
29 Thu Feb 2024	1052.80	1178.00	1178.00	945.00	1.499 times
31 Wed Jan 2024	1154.40	1340.00	1350.00	1086.20	0.974 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 Punjab Chemicals (PUNJABCHEM)

Price action analysis of Punjab Chemicals ( (PUNJABCHEM) ) 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 Punjab Chemicals ( (PUNJABCHEM) ) 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 Punjab Chemicals ( (PUNJABCHEM) ) 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 Punjab Chemicals stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Punjab Chemicals 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.

Punjab Chemicals 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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Punjab Chemicals 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Punjab Chemicals is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1079.81 and Punjab Chemicals (PUNJABCHEM) 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 Punjab Chemicals (PUNJABCHEM) stock. Volume based technical analysis of Punjab Chemicals (PUNJABCHEM) stock is negative.

Punjab Chemicals 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.