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

Deep Industries Limited

Symbol: NSE:DEEPINDS

ISIN: INE0FHS01016

283.50

As on 2024-05-27

168.50 (52W Low) 331.75 (52W High)

DEEPINDS's Today's Performance

Deep Industries Limited started the day by opening at 288.20 today 2024-05-27. Its shares reached a high of 289.80 and dipped to a low of 280.95 in intraday. When the markets closed, DEEPINDS’s stock price settled at ₹283.50 per share. Also check out its key support and resistance levels.

DEEPINDS Buy/Sell Targets

Tomorrow, sell DEEPINDS when its price reaches ₹ 283.50 with a stop-loss order at ₹ 288.18. You can set the target price as ₹ 278.83 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 DEEPINDS 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 DEEPINDS

Downside Targets Value in ₹
Tomorrow Down Target 1 289
Tomorrow Down Target 2 294
Tomorrow Down Target 3 297

Important Levels for DEEPINDS

Holding Levels Value in ₹
Tomorrow Up Target 1 280
Tomorrow Up Target 2 276
Tomorrow Up Target 3 271
Based on where the stock opens tomorrow, if DEEPINDS opens on a positive note, our first target will be ₹289. If Target 1 is achieved, we will aim for Target 2 which is ₹294.

But if DEEPINDS falls below the average value of ₹284.75, you can enter a sell side position with target number 1 - ₹280 and second target - ₹276 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 DEEPINDS

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

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

Tomorrow's Volume based share price Forecast for DEEPINDS

DEEPINDS'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 -17%.

Reversal detection for DEEPINDS

Predicted trend chart of DEEPINDS tomorrow for price forecast
DEEPINDS may trend may continue to be bearish since stock is making lower low and we can get target of ₹292 in morning tomorrow
Target 1 tomorrow288
Target 2 tomorrow290
Target 3 tomorrow294
 

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 DEEPINDS'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 DEEPINDS opens on a positive note, our first target will be ₹288.55. If Target 1 is achieved, we will aim for Target 2 which is ₹293.60.

But if DEEPINDS falls below the average value of ₹284.75, you can enter a sell side position with target number 1 - ₹279.70 and second target - ₹275.90

DEEPINDS's Weekly Targets
1st Up Target 288.55
2nd Up Target 293.60
1st Down Target 279.70
2nd Down Target 275.90

As the week for DEEPINDS ended on bearish sentiments, we can expect further continuation of this sentiment. DEEPINDS's initial target will be 288.55 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 279.70 in the upcoming week.

Weekly OHLC Values
Open 288.20
High 289.80
Low 280.95
Close 283.50

Week for DEEPINDS started with an open price of 288.20, and the close was at 283.50. DEEPINDS reached the highest of 289.80 and dipped lowest up to 280.95 last week. This indicates a bearish sentiment for the week.

DEEPINDS full month swing targets
Monthly Up Target 1 297.40
Monthly Up Target 2 302.45
Monthly Down Target 1 270.85
Monthly Down Target 2 258.20

Targets of ₹297.40 can be expected to be reached in the coming month. Once DEEPINDS achieved this target, we can aim for the next upside target of ₹302.45.

DEEPINDS if fails to hold upside, down targets of ₹270.85 and ₹258.20 can be achieved by end of this month.

For complete three weeks if DEEPINDS 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 DEEPINDS

Symbol Name Industry
RELIANCE Reliance Industries Limited Oil & Gas Refining & Marketing
ADANIENT Adani Enterprises Limited Thermal Coal
ONGC Oil & Natural Gas Corporation Limited Oil & Gas Integrated
COALINDIA Coal India Limited Thermal Coal
IOC Indian Oil Corporation Limited Oil & Gas Refining & Marketing

Summary

DEEPINDS is expected to reach the target of 288.55 in tomorrow's trading session.

After achieving the initial target in DEEPINDS, we will aim for higher targets of 293.60 tomorrow.

However, if DEEPINDS starts to trade below ₹284.75, then we will shift our focus to the sell side and aim for down targets of 279.70 and 275.90.