Price and trend forecast of MODISONLTD for Tomorrow, Weekly, Monthly
MODISON LIMITED
Symbol: NSE:MODISONLTD
ISIN: INE737D01021
168.34
As on 2024-09-11
MODISONLTD's Today's Performance
MODISON LIMITED started the day by opening at 157.10 today 2024-09-11. Its shares reached a high of 174.44 and dipped to a low of 157.10 in intraday. When the markets closed, MODISONLTD’s stock price settled at ₹168.34 per share. Also check out its key support and resistance levels.
MODISONLTD Buy/Sell Targets
Tomorrow, buy MODISONLTD when its price reaches ₹ 168.34 with a stop-loss order at ₹ 163.35. You can set the target price as ₹ 173.33 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 MODISONLTD 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 MODISONLTD
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 176 |
| Tomorrow Down Target 2 | 184 |
| Tomorrow Down Target 3 | 193 |
Important Levels for MODISONLTD
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 159 |
| Tomorrow Up Target 2 | 149 |
| Tomorrow Up Target 3 | 141 |
Based on where the stock opens tomorrow, if MODISONLTD opens on a positive note, our first target will be ₹176. If Target 1 is achieved, we will aim for Target 2 which is ₹184.
But if MODISONLTD falls below the average value of ₹166.63, you can enter a sell side position with target number 1 - ₹159 and second target - ₹149 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 MODISONLTD
Looking at MODISONLTD, 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, MODISONLTD has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for MODISONLTD is moderate bullish.
Tomorrow's Volume based share price Forecast for MODISONLTD
MODISONLTD'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 -33%.
Reversal detection for MODISONLTD
MODISONLTD may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹159 in morning tomorrow
| Target 1 tomorrow | 173 |
| Target 2 tomorrow | 177 |
| Target 3 tomorrow | 184 |
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 MODISONLTD'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 MODISONLTD opens on a positive note, our first target will be ₹176.15. If Target 1 is achieved, we will aim for Target 2 which is ₹183.97.
But if MODISONLTD falls below the average value of ₹166.63, you can enter a sell side position with target number 1 - ₹158.81 and second target - ₹149.29
MODISONLTD's Weekly Targets
| 1st Up Target | 177.01 |
| 2nd Up Target | 185.67 |
| 1st Down Target | 157.11 |
| 2nd Down Target | 145.87 |
As the week for MODISONLTD ended on bullish sentiments, we can expect further continuation of this sentiment. MODISONLTD's initial target will be 177.01 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 157.11 in the upcoming week.
Weekly OHLC Values
| Open | 162.34 |
| High | 174.44 |
| Low | 154.54 |
| Close | 168.34 |
Week for MODISONLTD started with an open price of 162.34, and the close was at 168.34. MODISONLTD reached the highest of 174.44 and dipped lowest up to 154.54 last week. This indicates a bullish sentiment for the week.
MODISONLTD full month swing targets
| Monthly Up Target 1 | 196.91 |
| Monthly Up Target 2 | 205.57 |
| Monthly Down Target 1 | 137.21 |
| Monthly Down Target 2 | 106.07 |
Targets of ₹196.91 can be expected to be reached in the coming month. Once MODISONLTD achieved this target, we can aim for the next upside target of ₹205.57.
MODISONLTD if fails to hold upside, down targets of ₹137.21 and ₹106.07 can be achieved by end of this month.
For complete three weeks if MODISONLTD 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 MODISONLTD
| Symbol | Name | Industry |
|---|---|---|
| LT | Larsen & Toubro Limited | Engineering & Construction |
| ADANIPORTS | Adani Ports and Special Economic Zone Limited | Marine Shipping |
| HAL | Hindustan Aeronautics Limited | Aerospace & Defense |
| SIEMENS | Siemens Limited | Specialty Industrial Machinery |
| BEL | Bharat Electronics Limited | Aerospace & Defense |
Summary
MODISONLTD is expected to reach the target of 176.15 in tomorrow's trading session.
After achieving the initial target in MODISONLTD, we will aim for higher targets of 183.97 tomorrow.
However, if MODISONLTD starts to trade below ₹166.63, then we will shift our focus to the sell side and aim for down targets of 158.81 and 149.29.