Price and trend forecast of MARKSANS for Tomorrow, Weekly, Monthly
Marksans Pharma Limited
Symbol: NSE:MARKSANS
ISIN: INE750C01026
283.15
As on 2024-10-17
MARKSANS's Today's Performance
Marksans Pharma Limited started the day by opening at 296.75 today 2024-10-17. Its shares reached a high of 296.75 and dipped to a low of 281.65 in intraday. When the markets closed, MARKSANS’s stock price settled at ₹283.15 per share. Also check out its key support and resistance levels.
MARKSANS Buy/Sell Targets
Tomorrow, sell MARKSANS when its price reaches ₹ 283.15 with a stop-loss order at ₹ 287.91. You can set the target price as ₹ 278.39 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 MARKSANS 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 MARKSANS
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 293 |
| Tomorrow Down Target 2 | 302 |
| Tomorrow Down Target 3 | 308 |
Important Levels for MARKSANS
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 278 |
| Tomorrow Up Target 2 | 272 |
| Tomorrow Up Target 3 | 263 |
Based on where the stock opens tomorrow, if MARKSANS opens on a positive note, our first target will be ₹293. If Target 1 is achieved, we will aim for Target 2 which is ₹302.
But if MARKSANS falls below the average value of ₹287.18, you can enter a sell side position with target number 1 - ₹278 and second target - ₹272 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 MARKSANS
Looking at MARKSANS, 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, MARKSANS has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for MARKSANS is moderate bullish.
Tomorrow's Volume based share price Forecast for MARKSANS
MARKSANS'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 -47%.
Reversal detection for MARKSANS
MARKSANS may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹294 in morning tomorrow
| Target 1 tomorrow | 293 |
| Target 2 tomorrow | 297 |
| Target 3 tomorrow | 302 |
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 MARKSANS'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 MARKSANS opens on a positive note, our first target will be ₹292.72. If Target 1 is achieved, we will aim for Target 2 which is ₹302.28.
But if MARKSANS falls below the average value of ₹287.18, you can enter a sell side position with target number 1 - ₹277.62 and second target - ₹272.08
MARKSANS's Weekly Targets
| 1st Up Target | 297.72 |
| 2nd Up Target | 312.28 |
| 1st Down Target | 275.12 |
| 2nd Down Target | 267.08 |
As the week for MARKSANS ended on bearish sentiments, we can expect further continuation of this sentiment. MARKSANS's initial target will be 297.72 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 275.12 in the upcoming week.
Weekly OHLC Values
| Open | 291.25 |
| High | 304.25 |
| Low | 281.65 |
| Close | 283.15 |
Week for MARKSANS started with an open price of 291.25, and the close was at 283.15. MARKSANS reached the highest of 304.25 and dipped lowest up to 281.65 last week. This indicates a bearish sentiment for the week.
MARKSANS full month swing targets
| Monthly Up Target 1 | 320.32 |
| Monthly Up Target 2 | 334.88 |
| Monthly Down Target 1 | 252.52 |
| Monthly Down Target 2 | 221.88 |
Targets of ₹320.32 can be expected to be reached in the coming month. Once MARKSANS achieved this target, we can aim for the next upside target of ₹334.88.
MARKSANS if fails to hold upside, down targets of ₹252.52 and ₹221.88 can be achieved by end of this month.
For complete three weeks if MARKSANS 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 MARKSANS
| Symbol | Name | Industry |
|---|---|---|
| SUNPHARMA | Sun Pharmaceutical Industries Limited | Drug Manufacturers - Specialty & Generic |
| CIPLA | Cipla Limited | Drug Manufacturers - General |
| DRREDDY | Dr. Reddy's Laboratories Limited | Drug Manufacturers - Specialty & Generic |
| ZYDUSLIFE | Zydus Lifesciences Limited | Drug Manufacturers - Specialty & Generic |
| APOLLOHOSP | Apollo Hospitals Enterprise Limited | Medical Care Facilities |
Summary
MARKSANS is expected to reach the target of 292.72 in tomorrow's trading session.
After achieving the initial target in MARKSANS, we will aim for higher targets of 302.28 tomorrow.
However, if MARKSANS starts to trade below ₹287.18, then we will shift our focus to the sell side and aim for down targets of 277.62 and 272.08.