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

IL&FS Investment Managers Limited

Symbol: NSE:IVC

ISIN: INE050B01023

11.60

As on 2024-05-18

6.05 (52W Low) 14.75 (52W High)

IVC's Today's Performance

IL&FS Investment Managers Limited started the day by opening at 11.75 today 2024-05-18. Its shares reached a high of 11.75 and dipped to a low of 11.40 in intraday. When the markets closed, IVC’s stock price settled at ₹11.60 per share. Also check out its key support and resistance levels.

IVC Buy/Sell Targets

Tomorrow, buy IVC when its price reaches ₹ 11.60 with a stop-loss order at ₹ 11.38. You can set the target price as ₹ 11.83 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 IVC 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 IVC

Downside Targets Value in ₹
Tomorrow Down Target 1 12
Tomorrow Down Target 2 12
Tomorrow Down Target 3 12

Important Levels for IVC

Holding Levels Value in ₹
Tomorrow Up Target 1 11
Tomorrow Up Target 2 11
Tomorrow Up Target 3 11
Based on where the stock opens tomorrow, if IVC opens on a positive note, our first target will be ₹12. If Target 1 is achieved, we will aim for Target 2 which is ₹12.

But if IVC falls below the average value of ₹11.58, you can enter a sell side position with target number 1 - ₹11 and second target - ₹11 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 IVC

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

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

Tomorrow's Volume based share price Forecast for IVC

IVC's Volume is currently in a Decreasing 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 24%.

Reversal detection for IVC

Predicted trend chart of IVC tomorrow for price forecast
IVC may trend may continue to be bullish since stock is making higher highs and we can get target of ₹11 in morning tomorrow
Target 1 tomorrow12
Target 2 tomorrow12
Target 3 tomorrow12
 

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 IVC'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 IVC opens on a positive note, our first target will be ₹11.77. If Target 1 is achieved, we will aim for Target 2 which is ₹11.93.

But if IVC falls below the average value of ₹11.58, you can enter a sell side position with target number 1 - ₹11.42 and second target - ₹11.23

IVC's Weekly Targets
1st Up Target 12.00
2nd Up Target 12.40
1st Down Target 11.05
2nd Down Target 10.50

As the week for IVC ended on bullish sentiments, we can expect further continuation of this sentiment. IVC's initial target will be 12.00 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 11.05 in the upcoming week.

Weekly OHLC Values
Open 11.50
High 11.85
Low 10.90
Close 11.60

Week for IVC started with an open price of 11.50, and the close was at 11.60. IVC reached the highest of 11.85 and dipped lowest up to 10.90 last week. This indicates a bullish sentiment for the week.

IVC full month swing targets
Monthly Up Target 1 12.95
Monthly Up Target 2 13.35
Monthly Down Target 1 10.10
Monthly Down Target 2 8.60

Targets of ₹12.95 can be expected to be reached in the coming month. Once IVC achieved this target, we can aim for the next upside target of ₹13.35.

IVC if fails to hold upside, down targets of ₹10.10 and ₹8.60 can be achieved by end of this month.

For complete three weeks if IVC 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 IVC

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BAJFINANCE Bajaj Finance Limited Credit Services

Summary

IVC is expected to reach the target of 11.77 in tomorrow's trading session.

After achieving the initial target in IVC, we will aim for higher targets of 11.93 tomorrow.

However, if IVC starts to trade below ₹11.58, then we will shift our focus to the sell side and aim for down targets of 11.42 and 11.23.