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(VARDMNPOLY) Vardhman Polytex complete technical analysis [charts+indicators] | Buy/Sell Vardhman Polytex | (VARDMNPOLY) share price targets

Complete technical analysis of Vardhman Polytex (VARDMNPOLY) by charts plus indicators, forecast predictions and share price targets for Vardhman Polytex (VARDMNPOLY)

Vardhman Polytex trades in NSE in Textiles sector.

Showing technical analysis as on 2024-06-06 View latest technical analysis

10 day averaged volume of Vardhman Polytex is 627644

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	9.45	9.40	9.50	9.05	0.503 times
05 Wed Jun 2024	9.05	9.40	9.40	8.70	0.56 times
04 Tue Jun 2024	9.15	9.60	9.80	9.15	0.383 times
03 Mon Jun 2024	9.60	10.00	10.00	9.55	0.533 times
31 Fri May 2024	9.55	9.10	9.55	9.10	0.364 times
30 Thu May 2024	9.10	9.80	9.80	9.10	1.749 times
29 Wed May 2024	9.55	10.25	10.25	9.45	1.215 times
28 Tue May 2024	9.95	9.45	9.95	9.45	0.881 times
27 Mon May 2024	9.50	9.45	10.40	9.45	3.878 times
24 Fri May 2024	9.95	9.95	9.95	9.95	0.24 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use -6.8 as stoploss in an intra day buy trade for a target of 33.07. However, stock will show a bearish move below -6.8.

Share price targets for Vardhman Polytex (VARDMNPOLY)

Target Type	Value
Downside Target	8.70
Downside Target	9.10
Upside Target	9.95
Upside Target	10.40
Upside Target	11.20
Upside Target	12.30
Upside Target	25.00
Upside Target	45.00
Upside Target	49.85
Upside Target	50.95
Upside Target	90.40
Upside Target	96.95
Upside Target	110.45

Intraday share price targets for Vardhman Polytex (VARDMNPOLY)

Target Type	Value
Downside Intraday Target	8.77
Downside Intraday Target	8.08
Upside Intraday Target	10.07
Upside Intraday Target	10.68
Downside Intraday Target	9.38

Weekly technical analysis of Vardhman Polytex (VARDMNPOLY)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	9.45	10.00	10.00	8.70	0.245 times
31 Fri May 2024	9.55	9.45	10.40	9.10	3.272 times
24 Fri May 2024	9.95	12.30	12.30	9.95	0.602 times
18 Sat May 2024	12.15	95.80	110.45	11.20	11.113 times
10 Fri May 2024	93.95	92.95	96.95	90.40	1.241 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 Vardhman Polytex (VARDMNPOLY)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	9.45	10.00	10.00	8.70	0.132 times
31 Fri May 2024	9.55	92.95	110.45	9.10	37.681 times
06 Tue Jun 2023	50.95	48.45	50.95	45.65	0.307 times
31 Wed May 2023	47.95	45.25	49.85	45.00	0.236 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 Vardhman Polytex (VARDMNPOLY)

Price action analysis of Vardhman Polytex ( (VARDMNPOLY) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Vardhman Polytex ( (VARDMNPOLY) ) 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 Vardhman Polytex ( (VARDMNPOLY) ) 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 Vardhman Polytex ( (VARDMNPOLY) ) based on a mid to longer 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.

ADX buy sell signal for Vardhman Polytex stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Vardhman Polytex 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.

Vardhman Polytex 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 Vardhman Polytex 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 Vardhman Polytex is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 9.45 and Vardhman Polytex (VARDMNPOLY) 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 Vardhman Polytex (VARDMNPOLY) stock. Volume based technical analysis of Vardhman Polytex (VARDMNPOLY) stock is negative.

Vardhman Polytex 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.