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(BODALCHEM) Bodal Chemicals complete technical analysis [charts+indicators] | Buy/Sell Bodal Chemicals | (BODALCHEM) share price targets

Complete technical analysis of Bodal Chemicals (BODALCHEM) by charts plus indicators, forecast predictions and share price targets for Bodal Chemicals (BODALCHEM)

10 day averaged volume of Bodal Chemicals is 1073257

Date Daily Closing Price Open High Low Volume
21 Fri Jun 2024 79.88 82.00 82.85 79.50 1.103 times
20 Thu Jun 2024 81.28 77.25 82.05 77.25 3.339 times
19 Wed Jun 2024 77.24 76.74 79.50 76.50 1.115 times
18 Tue Jun 2024 76.33 78.35 78.39 75.95 0.45 times
14 Fri Jun 2024 77.97 78.44 79.50 77.10 0.72 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 77.6, but if it comes below 77.6, then a intra day sell could be more profitable.
If you take a sell trade below 77.6, then use 77.6 as stoploss and 74.09 as target. However if you take a buy trade in stock , then use 77.6 as stoploss and 81.7 as target.

Share price targets for Bodal Chemicals (BODALCHEM)

Target Type Value
Downside Target 65.80
Downside Target 70.50
Downside Target 72.15
Downside Target 79.50
Downside Target 79.80
Upside Target 82.85
Upside Target 87.20
Upside Target 91.20
Upside Target 100.95

Intraday share price targets for Bodal Chemicals (BODALCHEM)

Target Type Value
Downside Intraday Target 76.27
Downside Intraday Target 72.66
Upside Intraday Target 83.17
Upside Intraday Target 86.46
Downside Intraday Target 79.56

Weekly technical analysis of Bodal Chemicals (BODALCHEM)

Date Weekly Closing Price Open High Low Volume
21 Fri Jun 2024 79.88 78.35 82.85 75.95 1.608 times
14 Fri Jun 2024 77.97 72.90 79.50 72.80 2.046 times
07 Fri Jun 2024 72.35 73.50 73.95 65.80 1.034 times
31 Fri May 2024 70.95 76.90 77.20 70.50 0.427 times
24 Fri May 2024 76.45 74.50 79.80 72.15 2.73 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Bodal Chemicals (BODALCHEM)

Date Monthly Closing Price Open High Low Volume
21 Fri Jun 2024 79.88 73.50 82.85 65.80 1.037 times
31 Fri May 2024 70.95 78.20 79.80 70.50 0.564 times
30 Tue Apr 2024 77.80 74.90 87.20 74.70 0.38 times
28 Thu Mar 2024 73.45 84.70 100.95 72.60 1.808 times

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 Bodal Chemicals (BODALCHEM)

Indicator Name Indicator Value Indicator Signal
ADX 33, 11, 51 Buy
MACD 1, -0Buy
Stochastics 84Buy
CCI 124Buy
RSI 54Buy
OBV 9687860Sell
VWAP 78Buy
ADL 0Sell
ROC 12Buy
Force Index 0Sell

Price action analysis of Bodal Chemicals ( (BODALCHEM) ) based on a short 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.

Price action analysis of Bodal Chemicals ( (BODALCHEM) ) based on a short 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.

Price action analysis of Bodal Chemicals ( (BODALCHEM) ) based on a short to mid 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.

Price action analysis of Bodal Chemicals ( (BODALCHEM) ) 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 Bodal Chemicals stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Bodal Chemicals in short term and the buy signal is strong.

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

Bodal Chemicals Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 Bodal Chemicals in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying 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 Bodal Chemicals is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 78.46 and Bodal Chemicals (BODALCHEM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Bodal Chemicals (BODALCHEM) stock. Volume based technical analysis of Bodal Chemicals (BODALCHEM) stock is negative.

Bodal Chemicals Stock is giving positive 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.

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