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

Nectar Lifesciences Limited

Symbol: NSE:NECLIFE

ISIN: INE023H01027

33.75

As on 2024-05-17

16.50 (52W Low) 45.70 (52W High)

NECLIFE's Today's Performance

Nectar Lifesciences Limited started the day by opening at 34.15 today 2024-05-17. Its shares reached a high of 34.80 and dipped to a low of 33.60 in intraday. When the markets closed, NECLIFE’s stock price settled at ₹33.75 per share. Also check out its key support and resistance levels.

NECLIFE Buy/Sell Targets

Tomorrow, sell NECLIFE when its price reaches ₹ 33.75 with a stop-loss order at ₹ 34.89. You can set the target price as ₹ 32.61 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 NECLIFE 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 NECLIFE

Downside Targets Value in ₹
Tomorrow Down Target 1 35
Tomorrow Down Target 2 35
Tomorrow Down Target 3 36

Important Levels for NECLIFE

Holding Levels Value in ₹
Tomorrow Up Target 1 33
Tomorrow Up Target 2 33
Tomorrow Up Target 3 32
Based on where the stock opens tomorrow, if NECLIFE opens on a positive note, our first target will be ₹35. If Target 1 is achieved, we will aim for Target 2 which is ₹35.

But if NECLIFE falls below the average value of ₹34.05, you can enter a sell side position with target number 1 - ₹33 and second target - ₹33 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 NECLIFE

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

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

Tomorrow's Volume based share price Forecast for NECLIFE

NECLIFE'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 59%.

Reversal detection for NECLIFE

Predicted trend chart of NECLIFE tomorrow for price forecast
NECLIFE may trend may continue to be bearish since stock is making lower low and we can get target of ₹35 in morning tomorrow
Target 1 tomorrow35
Target 2 tomorrow35
Target 3 tomorrow35
 

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 NECLIFE'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 NECLIFE opens on a positive note, our first target will be ₹34.50. If Target 1 is achieved, we will aim for Target 2 which is ₹35.25.

But if NECLIFE falls below the average value of ₹34.05, you can enter a sell side position with target number 1 - ₹33.30 and second target - ₹32.85

NECLIFE's Weekly Targets
1st Up Target 36.03
2nd Up Target 38.32
1st Down Target 32.03
2nd Down Target 30.32

As the week for NECLIFE ended on bullish sentiments, we can expect further continuation of this sentiment. NECLIFE's initial target will be 36.03 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 32.03 in the upcoming week.

Weekly OHLC Values
Open 33.35
High 36.60
Low 32.60
Close 33.75

Week for NECLIFE started with an open price of 33.35, and the close was at 33.75. NECLIFE reached the highest of 36.60 and dipped lowest up to 32.60 last week. This indicates a bullish sentiment for the week.

NECLIFE full month swing targets
Monthly Up Target 1 40.03
Monthly Up Target 2 42.32
Monthly Down Target 1 28.03
Monthly Down Target 2 22.32

Targets of ₹40.03 can be expected to be reached in the coming month. Once NECLIFE achieved this target, we can aim for the next upside target of ₹42.32.

NECLIFE if fails to hold upside, down targets of ₹28.03 and ₹22.32 can be achieved by end of this month.

For complete three weeks if NECLIFE 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 NECLIFE

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

NECLIFE is expected to reach the target of 34.50 in tomorrow's trading session.

After achieving the initial target in NECLIFE, we will aim for higher targets of 35.25 tomorrow.

However, if NECLIFE starts to trade below ₹34.05, then we will shift our focus to the sell side and aim for down targets of 33.30 and 32.85.