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(CMNL_SM) Chaman Metallics complete technical analysis [charts+indicators] | Buy/Sell Chaman Metallics | (CMNL_SM) share price targets

Complete technical analysis of Chaman Metallics (CMNL_SM) by charts plus indicators, forecast predictions and share price targets for Chaman Metallics (CMNL_SM)

10 day averaged volume of Chaman Metallics is 32400

Date Daily Closing Price Open High Low Volume
31 Fri May 2024 69.00 71.00 71.00 69.00 0.417 times
30 Thu May 2024 71.00 69.05 71.00 69.05 0.185 times
29 Wed May 2024 71.50 70.00 71.50 69.50 0.602 times
28 Tue May 2024 70.00 70.95 72.00 70.00 0.417 times
27 Mon May 2024 70.15 67.05 71.70 67.05 2.361 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 69.6, but if it comes above 69.6, then a intra day buy could be more profitable.
If you take a sell trade below 69.6, then use 69.6 as stoploss and 66.3 as target. However if you take a buy trade in stock , then use 69.6 as stoploss and 72.42 as target.

Share price targets for Chaman Metallics (CMNL_SM)

Target Type Value
Downside Target 62.05
Downside Target 67.05
Upside Target 69.45
Upside Target 71.30
Upside Target 74.70
Upside Target 81.00
Upside Target 87.00
Upside Target 88.50
Upside Target 100.35
Upside Target 103.55
Upside Target 113.45
Upside Target 114.65

Intraday share price targets for Chaman Metallics (CMNL_SM)

Target Type Value
Downside Intraday Target 66.7
Downside Intraday Target 64.4
Upside Intraday Target 71.65
Upside Intraday Target 74.3
Upside Intraday Target 69.35

Weekly technical analysis of Chaman Metallics (CMNL_SM)

Date Weekly Closing Price Open High Low Volume
31 Fri May 2024 69.00 67.05 72.00 67.05 0.662 times
24 Fri May 2024 68.30 72.05 74.70 68.00 1.008 times
17 Fri May 2024 73.20 74.95 74.95 69.45 0.429 times
10 Fri May 2024 73.10 78.15 81.70 71.30 0.712 times
03 Fri May 2024 82.25 95.05 100.35 82.25 2.858 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 Chaman Metallics (CMNL_SM)

Date Monthly Closing Price Open High Low Volume
31 Fri May 2024 69.00 86.55 88.50 67.05 1.483 times
30 Tue Apr 2024 91.10 83.95 100.35 81.00 1.124 times
28 Thu Mar 2024 80.05 103.55 103.55 72.85 0.658 times
29 Thu Feb 2024 99.40 110.60 113.45 87.00 0.277 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 Chaman Metallics (CMNL_SM)

Indicator Name Indicator Value Indicator Signal
ADX 11, 24, 37 Sell
MACD -7, -7Buy
Stochastics 45None
CCI -79Sell
RSI 47Sell
OBV -723000Sell
VWAP 70Sell
ADL 0Sell
ROC -6Sell
Force Index 0Sell

Price action analysis of Chaman Metallics ( (CMNL_SM) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Chaman Metallics ( (CMNL_SM) ) 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 Chaman Metallics ( (CMNL_SM) ) 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 Chaman Metallics ( (CMNL_SM) ) 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 Chaman Metallics stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Chaman Metallics in short term but the buy signal is initial and weak.

Chaman Metallics 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. Bears 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 SELL signal for Chaman Metallics in short term and SELL signal is strong!

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 Chaman Metallics is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 70.15 and Chaman Metallics (CMNL_SM) 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 Chaman Metallics (CMNL_SM) stock. Volume based technical analysis of Chaman Metallics (CMNL_SM) stock is negative.

Chaman Metallics 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.

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