Price and trend forecast of BHARATGEAR for Tomorrow, Weekly, Monthly
Bharat Gears Limited
Symbol: NSE:BHARATGEAR
ISIN: INE561C01019
107.95
As on 2024-09-11
BHARATGEAR's Today's Performance
Bharat Gears Limited started the day by opening at 109.99 today 2024-09-11. Its shares reached a high of 109.99 and dipped to a low of 107.81 in intraday. When the markets closed, BHARATGEAR’s stock price settled at ₹107.95 per share. Also check out its key support and resistance levels.
BHARATGEAR Buy/Sell Targets
Tomorrow, sell BHARATGEAR when its price reaches ₹ 107.95 with a stop-loss order at ₹ 108.99. You can set the target price as ₹ 106.91 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 BHARATGEAR 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 BHARATGEAR
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 109 |
| Tomorrow Down Target 2 | 111 |
| Tomorrow Down Target 3 | 112 |
Important Levels for BHARATGEAR
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 107 |
| Tomorrow Up Target 2 | 106 |
| Tomorrow Up Target 3 | 105 |
Based on where the stock opens tomorrow, if BHARATGEAR opens on a positive note, our first target will be ₹109. If Target 1 is achieved, we will aim for Target 2 which is ₹111.
But if BHARATGEAR falls below the average value of ₹108.58, you can enter a sell side position with target number 1 - ₹107 and second target - ₹106 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 BHARATGEAR
Looking at BHARATGEAR, we've seen a Decreasing 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, BHARATGEAR has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for BHARATGEAR is moderate bearish.
Tomorrow's Volume based share price Forecast for BHARATGEAR
BHARATGEAR's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is 984%.
Reversal detection for BHARATGEAR
BHARATGEAR may trend may continue to be bearish since stock is making lower low and we can get target of ₹109 in morning tomorrow
| Target 1 tomorrow | 109 |
| Target 2 tomorrow | 110 |
| Target 3 tomorrow | 111 |
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 BHARATGEAR'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 BHARATGEAR opens on a positive note, our first target will be ₹109.36. If Target 1 is achieved, we will aim for Target 2 which is ₹110.76.
But if BHARATGEAR falls below the average value of ₹108.58, you can enter a sell side position with target number 1 - ₹107.18 and second target - ₹106.40
BHARATGEAR's Weekly Targets
| 1st Up Target | 109.74 |
| 2nd Up Target | 111.54 |
| 1st Down Target | 106.70 |
| 2nd Down Target | 105.46 |
As the week for BHARATGEAR ended on bearish sentiments, we can expect further continuation of this sentiment. BHARATGEAR's initial target will be 109.74 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 106.70 in the upcoming week.
Weekly OHLC Values
| Open | 108.00 |
| High | 110.29 |
| Low | 107.25 |
| Close | 107.95 |
Week for BHARATGEAR started with an open price of 108.00, and the close was at 107.95. BHARATGEAR reached the highest of 110.29 and dipped lowest up to 107.25 last week. This indicates a bearish sentiment for the week.
BHARATGEAR full month swing targets
| Monthly Up Target 1 | 112.78 |
| Monthly Up Target 2 | 114.58 |
| Monthly Down Target 1 | 103.66 |
| Monthly Down Target 2 | 99.38 |
Targets of ₹112.78 can be expected to be reached in the coming month. Once BHARATGEAR achieved this target, we can aim for the next upside target of ₹114.58.
BHARATGEAR if fails to hold upside, down targets of ₹103.66 and ₹99.38 can be achieved by end of this month.
For complete three weeks if BHARATGEAR 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.
Related Stocks in the Same Sector as BHARATGEAR
| Symbol | Name | Industry |
|---|---|---|
| MARUTI | Maruti Suzuki India Limited | Auto Manufacturers |
| TATAMTRDVR | Tata Motors Limited | Auto Manufacturers |
| TATAMOTORS | Tata Motors Limited | Auto Manufacturers |
| TITAN | Titan Company Limited | Luxury Goods |
| BAJAJ-AUTO | Bajaj Auto Limited | Auto Manufacturers |
Summary
BHARATGEAR is expected to reach the target of 109.36 in tomorrow's trading session.
After achieving the initial target in BHARATGEAR, we will aim for higher targets of 110.76 tomorrow.
However, if BHARATGEAR starts to trade below ₹108.58, then we will shift our focus to the sell side and aim for down targets of 107.18 and 106.40.