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

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

Showing technical analysis as on 2023-03-09 View latest technical analysis

10 day averaged volume of Octal is 530

Date	Daily Closing Price	Open	High	Low	Volume
09 Thu Mar 2023	21.37	22.90	22.90	20.78	4.33 times
08 Wed Mar 2023	21.87	21.90	21.90	21.85	0.304 times
06 Mon Mar 2023	20.90	21.00	21.00	20.05	2.342 times
03 Fri Mar 2023	20.82	22.82	22.82	20.68	0.713 times
02 Thu Mar 2023	21.75	22.74	22.74	21.75	0.149 times
01 Wed Mar 2023	22.74	23.07	23.07	21.20	0.506 times
28 Tue Feb 2023	22.00	21.50	22.35	20.45	1.626 times
27 Mon Feb 2023	21.50	21.50	22.15	21.50	0.687 times
24 Fri Feb 2023	22.60	23.45	23.45	21.40	1.974 times
23 Thu Feb 2023	22.50	22.50	23.60	22.50	0.8 times

Stock of Octal (Octal) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 21.7, but if it comes above 21.7, then a intra day buy could be more profitable.
If you take a sell trade below 21.7, then use 21.7 as stoploss and 19.5 as target. However if you take a buy trade in stock , then use 21.7 as stoploss and 23.48 as target.

Share price targets for Octal (Octal)

Target Type	Value
Downside Target	20.05
Upside Target	21.40
Upside Target	22.75
Upside Target	23.55
Upside Target	25.40
Upside Target	26.45
Upside Target	27.75
Upside Target	28.20
Upside Target	28.25
Upside Target	29.40
Upside Target	32.05

Intraday share price targets for Octal (Octal)

Target Type	Value
Downside Intraday Target	19.98
Downside Intraday Target	18.59
Upside Intraday Target	22.83
Upside Intraday Target	24.29
Upside Intraday Target	21.44

Weekly technical analysis of Octal (Octal)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Thu Mar 2023	21.37	21.00	22.90	20.05	1.895 times
03 Fri Mar 2023	20.82	21.50	23.07	20.45	1 times
24 Fri Feb 2023	22.60	25.40	25.40	21.40	0.565 times
17 Fri Feb 2023	24.85	26.40	26.45	23.55	0.453 times
10 Fri Feb 2023	26.45	27.75	27.75	23.30	3.037 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 Octal (Octal)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Thu Mar 2023	21.37	23.07	23.07	20.05	0.267 times
28 Tue Feb 2023	22.00	24.95	28.20	20.45	0.435 times
31 Tue Jan 2023	26.25	22.00	32.05	20.55	1.37 times
30 Fri Dec 2022	22.55	24.50	28.25	20.40	1.851 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 Octal (Octal)

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

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

Octal 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 coming down

CCI has generated a SELL signal for Octal 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 Octal is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 21.66 and Octal (Octal) 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 Octal (Octal) stock. Volume based technical analysis of Octal (Octal) stock is negative.

Octal 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.