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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 2024-06-07 View latest technical analysis

10 day averaged volume of Sadhana Nitrochem is 718664

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	62.05	62.30	62.65	61.45	0.268 times
06 Thu Jun 2024	62.30	58.30	62.75	58.20	0.815 times
05 Wed Jun 2024	58.30	55.00	60.10	54.80	0.652 times
04 Tue Jun 2024	54.25	56.90	56.95	49.10	0.885 times
03 Mon Jun 2024	56.15	59.10	59.10	54.75	0.976 times
31 Fri May 2024	56.35	62.70	63.20	55.20	2.711 times
30 Thu May 2024	62.40	61.60	63.00	61.60	0.172 times
29 Wed May 2024	61.95	64.00	66.45	61.50	0.87 times
28 Tue May 2024	63.85	67.95	69.00	63.05	2.359 times
27 Mon May 2024	66.95	68.50	68.85	66.80	0.248 times

My analysis of stock is bearish for shortterm, and stock might move down till 59.5 or till 54. Use a stoploss of 64.18 and if the stock hits stoploss, then it can shoot up till 68.82

Share price targets for Sadhana Nitrochem (SADHNANIQ)

Target Type	Value
Downside Target	49.10
Downside Target	55.20
Downside Target	60.80
Upside Target	62.75
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	53.18
Downside Intraday Target	44.32
Upside Intraday Target	66.83
Upside Intraday Target	71.62
Downside Intraday Target	57.97

Weekly technical analysis of Sadhana Nitrochem (SADHNANIQ)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	62.05	59.10	62.75	49.10	0.565 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
07 Fri Jun 2024	62.05	59.10	62.75	49.10	0.36 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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.

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

Sadhana Nitrochem 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 stronger in this stock.

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

CCI has generated a buy signal for Sadhana Nitrochem in short term and BUY 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

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 59.55 and Sadhana Nitrochem (SADHNANIQ) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.