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

Precot Limited

Symbol: NSE:PRECOT

ISIN: INE283A01014

420.75

As on 2024-10-04

196.00 (52W Low) 558.50 (52W High)

PRECOT's Today's Performance

Precot Limited started the day by opening at 430.00 today 2024-10-04. Its shares reached a high of 430.00 and dipped to a low of 420.00 in intraday. When the markets closed, PRECOT’s stock price settled at ₹420.75 per share. Also check out its key support and resistance levels.

PRECOT Buy/Sell Targets

Tomorrow, sell PRECOT when its price reaches ₹ 420.75 with a stop-loss order at ₹ 425.60. You can set the target price as ₹ 415.90 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 PRECOT 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 PRECOT

Downside Targets Value in ₹
Tomorrow Down Target 1 427
Tomorrow Down Target 2 434
Tomorrow Down Target 3 437

Important Levels for PRECOT

Holding Levels Value in ₹
Tomorrow Up Target 1 417
Tomorrow Up Target 2 414
Tomorrow Up Target 3 407
Based on where the stock opens tomorrow, if PRECOT opens on a positive note, our first target will be ₹427. If Target 1 is achieved, we will aim for Target 2 which is ₹434.

But if PRECOT falls below the average value of ₹423.58, you can enter a sell side position with target number 1 - ₹417 and second target - ₹414 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 PRECOT

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

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

Tomorrow's Volume based share price Forecast for PRECOT

PRECOT's Volume is currently in a Decreasing 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 -48%.

Reversal detection for PRECOT

Predicted trend chart of PRECOT tomorrow for price forecast
PRECOT may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹437 in morning tomorrow
Target 1 tomorrow427
Target 2 tomorrow430
Target 3 tomorrow434
 

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 PRECOT'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 PRECOT opens on a positive note, our first target will be ₹427.17. If Target 1 is achieved, we will aim for Target 2 which is ₹433.58.

But if PRECOT falls below the average value of ₹423.58, you can enter a sell side position with target number 1 - ₹417.17 and second target - ₹413.58

PRECOT's Weekly Targets
1st Up Target 442.50
2nd Up Target 464.25
1st Down Target 409.50
2nd Down Target 398.25

As the week for PRECOT ended on bearish sentiments, we can expect further continuation of this sentiment. PRECOT's initial target will be 442.50 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 409.50 in the upcoming week.

Weekly OHLC Values
Open 453.00
High 453.00
Low 420.00
Close 420.75

Week for PRECOT started with an open price of 453.00, and the close was at 420.75. PRECOT reached the highest of 453.00 and dipped lowest up to 420.00 last week. This indicates a bearish sentiment for the week.

PRECOT full month swing targets
Monthly Up Target 1 475.50
Monthly Up Target 2 497.25
Monthly Down Target 1 376.50
Monthly Down Target 2 332.25

Targets of ₹475.50 can be expected to be reached in the coming month. Once PRECOT achieved this target, we can aim for the next upside target of ₹497.25.

PRECOT if fails to hold upside, down targets of ₹376.50 and ₹332.25 can be achieved by end of this month.

For complete three weeks if PRECOT 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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BAJAJ-AUTO Bajaj Auto Limited Auto Manufacturers

Summary

PRECOT is expected to reach the target of 427.17 in tomorrow's trading session.

After achieving the initial target in PRECOT, we will aim for higher targets of 433.58 tomorrow.

However, if PRECOT starts to trade below ₹423.58, then we will shift our focus to the sell side and aim for down targets of 417.17 and 413.58.