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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 2024-06-03 View latest technical analysis

10 day averaged volume of Sadhana Nitrochem is 562201

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	56.15	59.10	59.10	54.75	1.248 times
31 Fri May 2024	56.35	62.70	63.20	55.20	3.466 times
30 Thu May 2024	62.40	61.60	63.00	61.60	0.22 times
29 Wed May 2024	61.95	64.00	66.45	61.50	1.112 times
28 Tue May 2024	63.85	67.95	69.00	63.05	3.016 times
27 Mon May 2024	66.95	68.50	68.85	66.80	0.317 times
24 Fri May 2024	68.10	68.70	69.40	67.50	0.399 times
23 Thu May 2024	68.70	68.40	70.70	68.40	0.304 times
22 Wed May 2024	68.95	68.10	70.55	67.90	0.451 times
21 Tue May 2024	67.55	67.70	68.35	66.50	0.461 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 57.5, for a target of 62.1 or 65.81

Share price targets for Sadhana Nitrochem (SADHNANIQ)

Target Type	Value
Downside Target	54.75
Upside Target	59.10
Upside Target	60.80
Upside Target	63.35
Upside Target	64.95
Upside Target	66.50
Upside Target	69.00
Upside Target	70.65
Upside Target	71.75
Upside Target	73.35
Upside Target	73.95
Upside Target	78.25
Upside Target	86.85

Intraday share price targets for Sadhana Nitrochem (SADHNANIQ)

Target Type	Value
Downside Intraday Target	54.23
Downside Intraday Target	52.32
Upside Intraday Target	58.58
Upside Intraday Target	61.02
Upside Intraday Target	56.67

Weekly technical analysis of Sadhana Nitrochem (SADHNANIQ)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	56.15	59.10	59.10	54.75	0.153 times
31 Fri May 2024	56.35	68.50	69.00	55.20	5.035 times
24 Fri May 2024	68.10	67.70	70.70	66.50	1.045 times
18 Sat May 2024	67.70	66.60	71.75	64.95	1.484 times
10 Fri May 2024	66.35	70.20	70.65	65.00	0.993 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 Sadhana Nitrochem (SADHNANIQ)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	56.15	59.10	59.10	54.75	0.098 times
31 Fri May 2024	56.35	70.05	71.75	55.20	1.407 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

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 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 Strong and stock is gaining momentum.

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

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 coming down

CCI has generated a SELL signal for Sadhana Nitrochem 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 61.13 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.