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

Onward Technologies Limited

Symbol: NSE:ONWARDTEC

ISIN: INE229A01017

440.30

As on 2024-05-17

381.35 (52W Low) 740.00 (52W High)

ONWARDTEC's Today's Performance

Onward Technologies Limited started the day by opening at 455.70 today 2024-05-17. Its shares reached a high of 468.40 and dipped to a low of 435.50 in intraday. When the markets closed, ONWARDTEC’s stock price settled at ₹440.30 per share. Also check out its key support and resistance levels.

ONWARDTEC Buy/Sell Targets

Tomorrow, sell ONWARDTEC when its price reaches ₹ 440.30 with a stop-loss order at ₹ 449.58. You can set the target price as ₹ 431.02 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 ONWARDTEC 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 ONWARDTEC

Downside Targets Value in ₹
Tomorrow Down Target 1 461
Tomorrow Down Target 2 481
Tomorrow Down Target 3 494

Important Levels for ONWARDTEC

Holding Levels Value in ₹
Tomorrow Up Target 1 428
Tomorrow Up Target 2 415
Tomorrow Up Target 3 395
Based on where the stock opens tomorrow, if ONWARDTEC opens on a positive note, our first target will be ₹461. If Target 1 is achieved, we will aim for Target 2 which is ₹481.

But if ONWARDTEC falls below the average value of ₹448.07, you can enter a sell side position with target number 1 - ₹428 and second target - ₹415 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 ONWARDTEC

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

Based on this, the predicted sentiment for ONWARDTEC is moderate bullish.

Tomorrow's Volume based share price Forecast for ONWARDTEC

ONWARDTEC'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 -80%.

Reversal detection for ONWARDTEC

Predicted trend chart of ONWARDTEC tomorrow for price forecast
ONWARDTEC may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹450 in morning tomorrow
Target 1 tomorrow461
Target 2 tomorrow468
Target 3 tomorrow481
 

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 ONWARDTEC'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 ONWARDTEC opens on a positive note, our first target will be ₹460.63. If Target 1 is achieved, we will aim for Target 2 which is ₹480.97.

But if ONWARDTEC falls below the average value of ₹448.07, you can enter a sell side position with target number 1 - ₹427.73 and second target - ₹415.17

ONWARDTEC's Weekly Targets
1st Up Target 460.63
2nd Up Target 480.97
1st Down Target 427.73
2nd Down Target 415.17

As the week for ONWARDTEC ended on bearish sentiments, we can expect further continuation of this sentiment. ONWARDTEC's initial target will be 460.63 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 427.73 in the upcoming week.

Weekly OHLC Values
Open 446.15
High 468.40
Low 435.50
Close 440.30

Week for ONWARDTEC started with an open price of 446.15, and the close was at 440.30. ONWARDTEC reached the highest of 468.40 and dipped lowest up to 435.50 last week. This indicates a bearish sentiment for the week.

ONWARDTEC full month swing targets
Monthly Up Target 1 493.53
Monthly Up Target 2 513.87
Monthly Down Target 1 394.83
Monthly Down Target 2 349.37

Targets of ₹493.53 can be expected to be reached in the coming month. Once ONWARDTEC achieved this target, we can aim for the next upside target of ₹513.87.

ONWARDTEC if fails to hold upside, down targets of ₹394.83 and ₹349.37 can be achieved by end of this month.

For complete three weeks if ONWARDTEC 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

ONWARDTEC is expected to reach the target of 460.63 in tomorrow's trading session.

After achieving the initial target in ONWARDTEC, we will aim for higher targets of 480.97 tomorrow.

However, if ONWARDTEC starts to trade below ₹448.07, then we will shift our focus to the sell side and aim for down targets of 427.73 and 415.17.