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

Bharat Road Network Limited

Symbol: NSE:BRNL

ISIN: INE727S01012

46.67

As on 2024-10-04

37.45 (52W Low) 98.50 (52W High)

BRNL's Today's Performance

Bharat Road Network Limited started the day by opening at 46.56 today 2024-10-04. Its shares reached a high of 48.49 and dipped to a low of 46.50 in intraday. When the markets closed, BRNL’s stock price settled at ₹46.67 per share. Also check out its key support and resistance levels.

BRNL Buy/Sell Targets

Tomorrow, sell BRNL when its price reaches ₹ 46.67 with a stop-loss order at ₹ 47.72. You can set the target price as ₹ 45.62 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 BRNL 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 BRNL

Downside Targets Value in ₹
Tomorrow Down Target 1 48
Tomorrow Down Target 2 49
Tomorrow Down Target 3 50

Important Levels for BRNL

Holding Levels Value in ₹
Tomorrow Up Target 1 46
Tomorrow Up Target 2 45
Tomorrow Up Target 3 44
Based on where the stock opens tomorrow, if BRNL opens on a positive note, our first target will be ₹48. If Target 1 is achieved, we will aim for Target 2 which is ₹49.

But if BRNL falls below the average value of ₹47.22, you can enter a sell side position with target number 1 - ₹46 and second target - ₹45 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 BRNL

Looking at BRNL, 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, BRNL has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for BRNL is moderate bearish.

Tomorrow's Volume based share price Forecast for BRNL

BRNL'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 29%.

Reversal detection for BRNL

Predicted trend chart of BRNL tomorrow for price forecast
BRNL may trend may continue to be bearish since stock is making lower low and we can get target of ₹47 in morning tomorrow
Target 1 tomorrow48
Target 2 tomorrow48
Target 3 tomorrow49
 

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 BRNL'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 BRNL opens on a positive note, our first target will be ₹47.94. If Target 1 is achieved, we will aim for Target 2 which is ₹49.21.

But if BRNL falls below the average value of ₹47.22, you can enter a sell side position with target number 1 - ₹45.95 and second target - ₹45.23

BRNL's Weekly Targets
1st Up Target 48.31
2nd Up Target 49.96
1st Down Target 45.51
2nd Down Target 44.36

As the week for BRNL ended on bullish sentiments, we can expect further continuation of this sentiment. BRNL's initial target will be 48.31 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 45.51 in the upcoming week.

Weekly OHLC Values
Open 46.40
High 48.80
Low 46.00
Close 46.67

Week for BRNL started with an open price of 46.40, and the close was at 46.67. BRNL reached the highest of 48.80 and dipped lowest up to 46.00 last week. This indicates a bullish sentiment for the week.

BRNL full month swing targets
Monthly Up Target 1 51.11
Monthly Up Target 2 52.76
Monthly Down Target 1 42.71
Monthly Down Target 2 38.76

Targets of ₹51.11 can be expected to be reached in the coming month. Once BRNL achieved this target, we can aim for the next upside target of ₹52.76.

BRNL if fails to hold upside, down targets of ₹42.71 and ₹38.76 can be achieved by end of this month.

For complete three weeks if BRNL 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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BEL Bharat Electronics Limited Aerospace & Defense

Summary

BRNL is expected to reach the target of 47.94 in tomorrow's trading session.

After achieving the initial target in BRNL, we will aim for higher targets of 49.21 tomorrow.

However, if BRNL starts to trade below ₹47.22, then we will shift our focus to the sell side and aim for down targets of 45.95 and 45.23.