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(SADHNANIQ) Sadhana Nitrochem complete technical analysis [charts+indicators] | Buy/Sell Sadhana Nitrochem | (SADHNANIQ) share price targets

Complete technical analysis of Sadhana Nitrochem (SADHNANIQ) by charts plus indicators, forecast predictions and share price targets for Sadhana Nitrochem (SADHNANIQ)

Showing technical analysis as on 2024-05-15 View latest technical analysis

10 day averaged volume of Sadhana Nitrochem is 119172

Date	Daily Closing Price	Open	High	Low	Volume
15 Wed May 2024	67.15	67.55	68.90	66.90	0.751 times
14 Tue May 2024	66.90	66.20	68.05	66.20	1.146 times
13 Mon May 2024	66.45	66.60	66.85	64.95	0.707 times
10 Fri May 2024	66.35	67.40	67.75	65.80	0.801 times
09 Thu May 2024	66.25	68.90	68.95	65.00	1.044 times
08 Wed May 2024	68.60	68.05	69.35	67.50	1.064 times
07 Tue May 2024	68.35	69.80	69.80	67.50	0.971 times
06 Mon May 2024	68.75	70.20	70.65	68.20	1.031 times
03 Fri May 2024	69.85	69.80	71.00	68.75	1.204 times
02 Thu May 2024	69.80	70.05	70.75	69.50	0.933 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 67.3, but if it comes above 67.3, then a intra day buy could be more profitable.
If you take a sell trade below 67.3, then use 67.3 as stoploss and 65.4 as target. However if you take a buy trade in stock , then use 67.3 as stoploss and 68.76 as target.

Share price targets for Sadhana Nitrochem (SADHNANIQ)

Target Type	Value
Downside Target	60.80
Downside Target	63.35
Downside Target	64.95
Downside Target	66.50
Upside Target	68.00
Upside Target	70.65
Upside Target	73.00
Upside Target	73.35
Upside Target	73.95
Upside Target	78.25
Upside Target	84.70
Upside Target	86.85
Upside Target	95.80

Intraday share price targets for Sadhana Nitrochem (SADHNANIQ)

Target Type	Value
Downside Intraday Target	65.1
Downside Intraday Target	63.05
Upside Intraday Target	69.05
Upside Intraday Target	70.95
Downside Intraday Target	67

Weekly technical analysis of Sadhana Nitrochem (SADHNANIQ)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Wed May 2024	67.15	66.60	68.90	64.95	0.53 times
10 Fri May 2024	66.35	70.20	70.65	65.00	0.993 times
03 Fri May 2024	69.85	69.70	71.90	68.75	0.543 times
26 Fri Apr 2024	69.60	69.00	73.00	68.00	1.159 times
19 Fri Apr 2024	68.90	67.70	72.00	66.50	1.144 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 Sadhana Nitrochem (SADHNANIQ)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Wed May 2024	67.15	70.05	71.00	64.95	0.225 times
30 Tue Apr 2024	69.75	63.35	73.95	63.35	0.499 times
28 Thu Mar 2024	62.40	75.10	78.25	60.80	1.266 times
29 Thu Feb 2024	74.75	85.80	86.85	73.35	0.554 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 Sadhana Nitrochem (SADHNANIQ)

Price action analysis of Sadhana Nitrochem ( (SADHNANIQ) ) 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 Sadhana Nitrochem ( (SADHNANIQ) ) 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 Sadhana Nitrochem ( (SADHNANIQ) ) 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 Sadhana Nitrochem ( (SADHNANIQ) ) 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 Sadhana Nitrochem stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Sadhana Nitrochem in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sadhana Nitrochem 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 red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Sadhana Nitrochem 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

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Sadhana Nitrochem is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 67.95 and Sadhana Nitrochem (SADHNANIQ) 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 Sadhana Nitrochem (SADHNANIQ) stock. Volume based technical analysis of Sadhana Nitrochem (SADHNANIQ) stock is negative.

Sadhana Nitrochem 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.