Price and trend forecast of CENTURYPLY for Tomorrow, Weekly, Monthly
Century Plyboards (India) Limited
Symbol: NSE:CENTURYPLY
ISIN: INE348B01021
866.75
As on 2024-10-04
CENTURYPLY's Today's Performance
Century Plyboards (India) Limited started the day by opening at 882.85 today 2024-10-04. Its shares reached a high of 888.00 and dipped to a low of 857.00 in intraday. When the markets closed, CENTURYPLY’s stock price settled at ₹866.75 per share. Also check out its key support and resistance levels.
CENTURYPLY Buy/Sell Targets
Tomorrow, sell CENTURYPLY when its price reaches ₹ 866.75 with a stop-loss order at ₹ 881.12. You can set the target price as ₹ 852.38 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 CENTURYPLY 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 CENTURYPLY
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 884 |
| Tomorrow Down Target 2 | 902 |
| Tomorrow Down Target 3 | 915 |
Important Levels for CENTURYPLY
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 853 |
| Tomorrow Up Target 2 | 840 |
| Tomorrow Up Target 3 | 822 |
Based on where the stock opens tomorrow, if CENTURYPLY opens on a positive note, our first target will be ₹884. If Target 1 is achieved, we will aim for Target 2 which is ₹902.
But if CENTURYPLY falls below the average value of ₹870.58, you can enter a sell side position with target number 1 - ₹853 and second target - ₹840 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 CENTURYPLY
Looking at CENTURYPLY, 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, CENTURYPLY has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for CENTURYPLY is unclear.
Tomorrow's Volume based share price Forecast for CENTURYPLY
CENTURYPLY's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a unclear trend. Volume trend strength over the last month compared to the last week is -0%.
Reversal detection for CENTURYPLY
CENTURYPLY may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹887 in morning tomorrow
| Target 1 tomorrow | 882 |
| Target 2 tomorrow | 890 |
| Target 3 tomorrow | 902 |
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 CENTURYPLY'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 CENTURYPLY opens on a positive note, our first target will be ₹884.17. If Target 1 is achieved, we will aim for Target 2 which is ₹901.58.
But if CENTURYPLY falls below the average value of ₹870.58, you can enter a sell side position with target number 1 - ₹853.17 and second target - ₹839.58
CENTURYPLY's Weekly Targets
| 1st Up Target | 894.17 |
| 2nd Up Target | 921.58 |
| 1st Down Target | 848.17 |
| 2nd Down Target | 829.58 |
As the week for CENTURYPLY ended on bearish sentiments, we can expect further continuation of this sentiment. CENTURYPLY's initial target will be 894.17 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 848.17 in the upcoming week.
Weekly OHLC Values
| Open | 873.00 |
| High | 903.00 |
| Low | 857.00 |
| Close | 866.75 |
Week for CENTURYPLY started with an open price of 873.00, and the close was at 866.75. CENTURYPLY reached the highest of 903.00 and dipped lowest up to 857.00 last week. This indicates a bearish sentiment for the week.
CENTURYPLY full month swing targets
| Monthly Up Target 1 | 940.17 |
| Monthly Up Target 2 | 967.58 |
| Monthly Down Target 1 | 802.17 |
| Monthly Down Target 2 | 737.58 |
Targets of ₹940.17 can be expected to be reached in the coming month. Once CENTURYPLY achieved this target, we can aim for the next upside target of ₹967.58.
CENTURYPLY if fails to hold upside, down targets of ₹802.17 and ₹737.58 can be achieved by end of this month.
For complete three weeks if CENTURYPLY 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 CENTURYPLY
| Symbol | Name | Industry |
|---|---|---|
| ULTRACEMCO | UltraTech Cement Limited | Building Materials |
| ASIANPAINT | Asian Paints Limited | Specialty Chemicals |
| JSWSTEEL | JSW Steel Limited | Steel |
| TATASTEEL | Tata Steel Limited | Steel |
| GRASIM | Grasim Industries Limited | Building Materials |
Summary
CENTURYPLY is expected to reach the target of 884.17 in tomorrow's trading session.
After achieving the initial target in CENTURYPLY, we will aim for higher targets of 901.58 tomorrow.
However, if CENTURYPLY starts to trade below ₹870.58, then we will shift our focus to the sell side and aim for down targets of 853.17 and 839.58.