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(PUNJABCHEM) Punjab Chem complete technical analysis [charts+indicators] | Buy/Sell Punjab Chem | (PUNJABCHEM) share price targets

Complete technical analysis of Punjab Chem (PUNJABCHEM) by charts plus indicators, forecast predictions and share price targets for Punjab Chem (PUNJABCHEM)

10 day averaged volume of Punjab Chem is 7872

Date Daily Closing Price Open High Low Volume
21 Tue May 2024 1031.90 1041.15 1041.15 1021.10 0.622 times
20 Mon May 2024 1028.30 1037.00 1037.00 1027.00 0.039 times
17 Fri May 2024 1028.80 1031.05 1033.95 1018.95 0.285 times
16 Thu May 2024 1028.15 1041.15 1054.00 1024.10 0.865 times
15 Wed May 2024 1036.65 1026.45 1048.90 1026.15 0.62 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 1021 as stoploss in an intra day buy trade for a target of 1083.31. However, stock will show a bearish move below 1021.

Share price targets for Punjab Chem (PUNJABCHEM)

Target Type Value
Downside Target 899.85
Downside Target 945.00
Downside Target 975.00
Downside Target 1021.10
Upside Target 1086.20
Upside Target 1138.60
Upside Target 1161.00
Upside Target 1178.00
Upside Target 1197.95
Upside Target 1209.00
Upside Target 1210.00
Upside Target 1350.00

Intraday share price targets for Punjab Chem (PUNJABCHEM)

Target Type Value
Downside Intraday Target 1021.62
Downside Intraday Target 1011.33
Upside Intraday Target 1041.67
Upside Intraday Target 1051.43
Downside Intraday Target 1031.38

Weekly technical analysis of Punjab Chem (PUNJABCHEM)

Date Weekly Closing Price Open High Low Volume
21 Tue May 2024 1031.90 1037.00 1041.15 1021.10 0.181 times
17 Fri May 2024 1028.80 1006.30 1054.00 986.00 0.148 times
10 Fri May 2024 1006.30 1164.25 1197.95 992.00 3.918 times
03 Fri May 2024 1163.25 1152.50 1210.00 1138.60 0.851 times
26 Fri Apr 2024 1151.75 1103.90 1161.00 1095.00 1.291 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 Punjab Chem (PUNJABCHEM)

Date Monthly Closing Price Open High Low Volume
21 Tue May 2024 1031.90 1209.00 1209.00 986.00 0.705 times
30 Tue Apr 2024 1198.75 994.95 1210.00 975.00 0.689 times
28 Thu Mar 2024 992.90 1033.35 1155.00 899.85 1.391 times
29 Thu Feb 2024 1052.80 1178.00 1178.00 945.00 1.499 times

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 Punjab Chem (PUNJABCHEM)

Indicator Name Indicator Value Indicator Signal
ADX 15, 22, 18 Sell
MACD -19, -9Sell
Stochastics 30Sell
CCI -14Buy
RSI 40Sell
OBV -116142Sell
VWAP 1032Sell
ADL 0Sell
ROC -3Sell
Force Index 0Sell

Price action analysis of Punjab Chem ( (PUNJABCHEM) ) 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 Punjab Chem ( (PUNJABCHEM) ) 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 Punjab Chem ( (PUNJABCHEM) ) 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 Punjab Chem ( (PUNJABCHEM) ) 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 Punjab Chem stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Punjab Chem in short term and the sell signal is strong.

Punjab Chem 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 Punjab Chem 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

Stock of Punjab Chem is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1032.12 and Punjab Chem (PUNJABCHEM) 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 Punjab Chem (PUNJABCHEM) stock. Volume based technical analysis of Punjab Chem (PUNJABCHEM) stock is negative.

Punjab Chem Stock has given negative 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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