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

Dishman Carbogen Amcis Limited

Symbol: NSE:DCAL

ISIN: INE385W01011

173.73

As on 2024-06-13

123.30 (52W Low) 283.00 (52W High)

DCAL's Today's Performance

Dishman Carbogen Amcis Limited started the day by opening at 165.00 today 2024-06-13. Its shares reached a high of 175.19 and dipped to a low of 164.50 in intraday. When the markets closed, DCAL’s stock price settled at ₹173.73 per share. Also check out its key support and resistance levels.

DCAL Buy/Sell Targets

Tomorrow, buy DCAL when its price reaches ₹ 173.73 with a stop-loss order at ₹ 170.21. You can set the target price as ₹ 177.25 to capture potential gains. This buy 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 DCAL 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 DCAL

Downside Targets Value in ₹
Tomorrow Down Target 1 178
Tomorrow Down Target 2 182
Tomorrow Down Target 3 188

Important Levels for DCAL

Holding Levels Value in ₹
Tomorrow Up Target 1 167
Tomorrow Up Target 2 160
Tomorrow Up Target 3 156
Based on where the stock opens tomorrow, if DCAL opens on a positive note, our first target will be ₹178. If Target 1 is achieved, we will aim for Target 2 which is ₹182.

But if DCAL falls below the average value of ₹171.14, you can enter a sell side position with target number 1 - ₹167 and second target - ₹160 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 DCAL

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

Based on this, the predicted sentiment for DCAL is moderate bullish.

Tomorrow's Volume based share price Forecast for DCAL

DCAL's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -29%.

Reversal detection for DCAL

Predicted trend chart of DCAL tomorrow for price forecast
DCAL may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹166 in morning tomorrow
Target 1 tomorrow175
Target 2 tomorrow178
Target 3 tomorrow182
 

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 DCAL'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 DCAL opens on a positive note, our first target will be ₹177.78. If Target 1 is achieved, we will aim for Target 2 which is ₹181.83.

But if DCAL falls below the average value of ₹171.14, you can enter a sell side position with target number 1 - ₹167.09 and second target - ₹160.45

DCAL's Weekly Targets
1st Up Target 180.11
2nd Up Target 186.50
1st Down Target 162.42
2nd Down Target 151.12

As the week for DCAL ended on bullish sentiments, we can expect further continuation of this sentiment. DCAL's initial target will be 180.11 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 162.42 in the upcoming week.

Weekly OHLC Values
Open 157.50
High 175.19
Low 157.50
Close 173.73

Week for DCAL started with an open price of 157.50, and the close was at 173.73. DCAL reached the highest of 175.19 and dipped lowest up to 157.50 last week. This indicates a bullish sentiment for the week.

DCAL full month swing targets
Monthly Up Target 1 197.80
Monthly Up Target 2 204.19
Monthly Down Target 1 144.73
Monthly Down Target 2 115.74

Targets of ₹197.80 can be expected to be reached in the coming month. Once DCAL achieved this target, we can aim for the next upside target of ₹204.19.

DCAL if fails to hold upside, down targets of ₹144.73 and ₹115.74 can be achieved by end of this month.

For complete three weeks if DCAL 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

DCAL is expected to reach the target of 177.78 in tomorrow's trading session.

After achieving the initial target in DCAL, we will aim for higher targets of 181.83 tomorrow.

However, if DCAL starts to trade below ₹171.14, then we will shift our focus to the sell side and aim for down targets of 167.09 and 160.45.