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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 2024-06-05 View latest technical analysis

10 day averaged volume of Sadhana Nitrochem is 655663

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	58.30	55.00	60.10	54.80	0.715 times
04 Tue Jun 2024	54.25	56.90	56.95	49.10	0.97 times
03 Mon Jun 2024	56.15	59.10	59.10	54.75	1.07 times
31 Fri May 2024	56.35	62.70	63.20	55.20	2.972 times
30 Thu May 2024	62.40	61.60	63.00	61.60	0.188 times
29 Wed May 2024	61.95	64.00	66.45	61.50	0.953 times
28 Tue May 2024	63.85	67.95	69.00	63.05	2.586 times
27 Mon May 2024	66.95	68.50	68.85	66.80	0.272 times
24 Fri May 2024	68.10	68.70	69.40	67.50	0.342 times
23 Thu May 2024	68.70	68.40	70.70	68.40	0.26 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 60, but if it comes above 60, then a intra day buy could be more profitable.
If you take a sell trade below 60, then use 60 as stoploss and 54.4 as target. However if you take a buy trade in stock , then use 60 as stoploss and 64.59 as target.

Share price targets for Sadhana Nitrochem (SADHNANIQ)

Target Type	Value
Downside Target	49.10
Downside Target	55.20
Upside Target	60.10
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	51.57
Downside Intraday Target	44.83
Upside Intraday Target	62.57
Upside Intraday Target	66.83
Downside Intraday Target	55.83

Weekly technical analysis of Sadhana Nitrochem (SADHNANIQ)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	58.30	59.10	60.10	49.10	0.395 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 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
05 Wed Jun 2024	58.30	59.10	60.10	49.10	0.251 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 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 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 losing 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 in or above 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 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 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 59.75 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.