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Price and trend forecast of BALMLAWRIE for Tomorrow, Weekly, Monthly

Balmer Lawrie & Company Limited

Symbol: NSE:BALMLAWRIE

ISIN: INE164A01016

258.05

As on 2024-10-04

129.40 (52W Low) 320.45 (52W High)

BALMLAWRIE's Today's Performance

Balmer Lawrie & Company Limited started the day by opening at 266.05 today 2024-10-04. Its shares reached a high of 268.35 and dipped to a low of 257.05 in intraday. When the markets closed, BALMLAWRIE’s stock price settled at ₹258.05 per share. Also check out its key support and resistance levels.

BALMLAWRIE Buy/Sell Targets

Tomorrow, sell BALMLAWRIE when its price reaches ₹ 258.05 with a stop-loss order at ₹ 262.33. You can set the target price as ₹ 253.78 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of BALMLAWRIE for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for BALMLAWRIE

Downside Targets Value in ₹
Tomorrow Down Target 1 265
Tomorrow Down Target 2 272
Tomorrow Down Target 3 277

Important Levels for BALMLAWRIE

Holding Levels Value in ₹
Tomorrow Up Target 1 254
Tomorrow Up Target 2 250
Tomorrow Up Target 3 243
Based on where the stock opens tomorrow, if BALMLAWRIE opens on a positive note, our first target will be ₹265. If Target 1 is achieved, we will aim for Target 2 which is ₹272.

But if BALMLAWRIE falls below the average value of ₹261.15, you can enter a sell side position with target number 1 - ₹254 and second target - ₹250 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of BALMLAWRIE

Looking at BALMLAWRIE, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, BALMLAWRIE has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for BALMLAWRIE is strong bearish.

Tomorrow's Volume based share price Forecast for BALMLAWRIE

BALMLAWRIE's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 445%.

Reversal detection for BALMLAWRIE

Predicted trend chart of BALMLAWRIE tomorrow for price forecast
BALMLAWRIE may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹269 in morning tomorrow
Target 1 tomorrow265
Target 2 tomorrow268
Target 3 tomorrow272
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with BALMLAWRIE's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if BALMLAWRIE opens on a positive note, our first target will be ₹265.25. If Target 1 is achieved, we will aim for Target 2 which is ₹272.45.

But if BALMLAWRIE falls below the average value of ₹261.15, you can enter a sell side position with target number 1 - ₹253.95 and second target - ₹249.85

BALMLAWRIE's Weekly Targets
1st Up Target 272.28
2nd Up Target 286.52
1st Down Target 250.43
2nd Down Target 242.82

As the week for BALMLAWRIE ended on bearish sentiments, we can expect further continuation of this sentiment. BALMLAWRIE's initial target will be 272.28 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 250.43 in the upcoming week.

Weekly OHLC Values
Open 274.20
High 278.90
Low 257.05
Close 258.05

Week for BALMLAWRIE started with an open price of 274.20, and the close was at 258.05. BALMLAWRIE reached the highest of 278.90 and dipped lowest up to 257.05 last week. This indicates a bearish sentiment for the week.

BALMLAWRIE full month swing targets
Monthly Up Target 1 294.13
Monthly Up Target 2 308.37
Monthly Down Target 1 228.58
Monthly Down Target 2 199.12

Targets of ₹294.13 can be expected to be reached in the coming month. Once BALMLAWRIE achieved this target, we can aim for the next upside target of ₹308.37.

BALMLAWRIE if fails to hold upside, down targets of ₹228.58 and ₹199.12 can be achieved by end of this month.

For complete three weeks if BALMLAWRIE is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

BALMLAWRIE is expected to reach the target of 265.25 in tomorrow's trading session.

After achieving the initial target in BALMLAWRIE, we will aim for higher targets of 272.45 tomorrow.

However, if BALMLAWRIE starts to trade below ₹261.15, then we will shift our focus to the sell side and aim for down targets of 253.95 and 249.85.