Price and trend forecast of NEULANDLAB for Tomorrow, Weekly, Monthly
Neuland Laboratories Limited
Symbol: NSE:NEULANDLAB
ISIN: INE794A01010
13,891.15
As on 2024-12-20
NEULANDLAB's Today's Performance
Neuland Laboratories Limited started the day by opening at 14,310.00 today 2024-12-20. Its shares reached a high of 14,605.00 and dipped to a low of 13,800.00 in intraday. When the markets closed, NEULANDLAB’s stock price settled at ₹13,891.15 per share. Also check out its key support and resistance levels.
NEULANDLAB Buy/Sell Targets
Tomorrow, sell NEULANDLAB when its price reaches ₹ 13,891.15 with a stop-loss order at ₹ 14,207.25. You can set the target price as ₹ 13,575.05 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 NEULANDLAB 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 NEULANDLAB
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 14,397 |
| Tomorrow Down Target 2 | 14,904 |
| Tomorrow Down Target 3 | 15,202 |
Important Levels for NEULANDLAB
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 13,592 |
| Tomorrow Up Target 2 | 13,294 |
| Tomorrow Up Target 3 | 12,787 |
Based on where the stock opens tomorrow, if NEULANDLAB opens on a positive note, our first target will be ₹14,397. If Target 1 is achieved, we will aim for Target 2 which is ₹14,904.
But if NEULANDLAB falls below the average value of ₹14,098.72, you can enter a sell side position with target number 1 - ₹13,592 and second target - ₹13,294 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 NEULANDLAB
Looking at NEULANDLAB, 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, NEULANDLAB has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for NEULANDLAB is strong bearish.
Tomorrow's Volume based share price Forecast for NEULANDLAB
NEULANDLAB's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 140%.
Reversal detection for NEULANDLAB
NEULANDLAB may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹14538 in morning tomorrow
| Target 1 tomorrow | 14406 |
| Target 2 tomorrow | 14596 |
| Target 3 tomorrow | 14904 |
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 NEULANDLAB'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 NEULANDLAB opens on a positive note, our first target will be ₹14,397.43. If Target 1 is achieved, we will aim for Target 2 which is ₹14,903.72.
But if NEULANDLAB falls below the average value of ₹14,098.72, you can enter a sell side position with target number 1 - ₹13,592.43 and second target - ₹13,293.72
NEULANDLAB's Weekly Targets
| 1st Up Target | 14,827.40 |
| 2nd Up Target | 15,763.65 |
| 1st Down Target | 13,377.45 |
| 2nd Down Target | 12,863.75 |
As the week for NEULANDLAB ended on bearish sentiments, we can expect further continuation of this sentiment. NEULANDLAB's initial target will be 14,827.40 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 13,377.45 in the upcoming week.
Weekly OHLC Values
| Open | 15,210.00 |
| High | 15,249.95 |
| Low | 13,800.00 |
| Close | 13,891.15 |
Week for NEULANDLAB started with an open price of 15,210.00, and the close was at 13,891.15. NEULANDLAB reached the highest of 15,249.95 and dipped lowest up to 13,800.00 last week. This indicates a bearish sentiment for the week.
NEULANDLAB full month swing targets
| Monthly Up Target 1 | 16,277.35 |
| Monthly Up Target 2 | 17,213.60 |
| Monthly Down Target 1 | 11,927.50 |
| Monthly Down Target 2 | 9,963.85 |
Targets of ₹16,277.35 can be expected to be reached in the coming month. Once NEULANDLAB achieved this target, we can aim for the next upside target of ₹17,213.60.
NEULANDLAB if fails to hold upside, down targets of ₹11,927.50 and ₹9,963.85 can be achieved by end of this month.
For complete three weeks if NEULANDLAB 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 NEULANDLAB
| 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
NEULANDLAB is expected to reach the target of 14,397.43 in tomorrow's trading session.
After achieving the initial target in NEULANDLAB, we will aim for higher targets of 14,903.72 tomorrow.
However, if NEULANDLAB starts to trade below ₹14,098.72, then we will shift our focus to the sell side and aim for down targets of 13,592.43 and 13,293.72.