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

New Delhi Television Limited

Symbol: NSE:NDTV

ISIN: INE155G01029

216.30

As on 2024-05-17

170.25 (52W Low) 307.85 (52W High)

NDTV's Today's Performance

New Delhi Television Limited started the day by opening at 215.25 today 2024-05-17. Its shares reached a high of 219.55 and dipped to a low of 215.25 in intraday. When the markets closed, NDTV’s stock price settled at ₹216.30 per share. Also check out its key support and resistance levels.

NDTV Buy/Sell Targets

Tomorrow, buy NDTV when its price reaches ₹ 216.30 with a stop-loss order at ₹ 213.19. You can set the target price as ₹ 219.41 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 NDTV 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 NDTV

Downside Targets Value in ₹
Tomorrow Down Target 1 219
Tomorrow Down Target 2 221
Tomorrow Down Target 3 223

Important Levels for NDTV

Holding Levels Value in ₹
Tomorrow Up Target 1 215
Tomorrow Up Target 2 213
Tomorrow Up Target 3 210
Based on where the stock opens tomorrow, if NDTV opens on a positive note, our first target will be ₹219. If Target 1 is achieved, we will aim for Target 2 which is ₹221.

But if NDTV falls below the average value of ₹217.03, you can enter a sell side position with target number 1 - ₹215 and second target - ₹213 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 NDTV

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

Based on this, the predicted sentiment for NDTV is strong bullish.

Tomorrow's Volume based share price Forecast for NDTV

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

Reversal detection for NDTV

Predicted trend chart of NDTV tomorrow for price forecast
NDTV may trend may continue to be bullish since stock is making higher highs and we can get target of ₹217 in morning tomorrow
Target 1 tomorrow219
Target 2 tomorrow220
Target 3 tomorrow221
 

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 NDTV'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 NDTV opens on a positive note, our first target will be ₹218.82. If Target 1 is achieved, we will aim for Target 2 which is ₹221.33.

But if NDTV falls below the average value of ₹217.03, you can enter a sell side position with target number 1 - ₹214.52 and second target - ₹212.73

NDTV's Weekly Targets
1st Up Target 225.20
2nd Up Target 234.10
1st Down Target 208.90
2nd Down Target 201.50

As the week for NDTV ended on bullish sentiments, we can expect further continuation of this sentiment. NDTV's initial target will be 225.20 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 208.90 in the upcoming week.

Weekly OHLC Values
Open 215.50
High 226.70
Low 210.40
Close 216.30

Week for NDTV started with an open price of 215.50, and the close was at 216.30. NDTV reached the highest of 226.70 and dipped lowest up to 210.40 last week. This indicates a bullish sentiment for the week.

NDTV full month swing targets
Monthly Up Target 1 241.50
Monthly Up Target 2 250.40
Monthly Down Target 1 192.60
Monthly Down Target 2 168.90

Targets of ₹241.50 can be expected to be reached in the coming month. Once NDTV achieved this target, we can aim for the next upside target of ₹250.40.

NDTV if fails to hold upside, down targets of ₹192.60 and ₹168.90 can be achieved by end of this month.

For complete three weeks if NDTV 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

NDTV is expected to reach the target of 218.82 in tomorrow's trading session.

After achieving the initial target in NDTV, we will aim for higher targets of 221.33 tomorrow.

However, if NDTV starts to trade below ₹217.03, then we will shift our focus to the sell side and aim for down targets of 214.52 and 212.73.