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

Prism Johnson Limited

Symbol: NSE:PRSMJOHNSN

ISIN: INE010A01011

148.45

As on 2024-05-27

118.00 (52W Low) 199.00 (52W High)

PRSMJOHNSN's Today's Performance

Prism Johnson Limited started the day by opening at 151.10 today 2024-05-27. Its shares reached a high of 151.10 and dipped to a low of 147.85 in intraday. When the markets closed, PRSMJOHNSN’s stock price settled at ₹148.45 per share. Also check out its key support and resistance levels.

PRSMJOHNSN Buy/Sell Targets

Tomorrow, sell PRSMJOHNSN when its price reaches ₹ 148.45 with a stop-loss order at ₹ 151.15. You can set the target price as ₹ 145.75 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 PRSMJOHNSN 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 PRSMJOHNSN

Downside Targets Value in ₹
Tomorrow Down Target 1 150
Tomorrow Down Target 2 152
Tomorrow Down Target 3 154

Important Levels for PRSMJOHNSN

Holding Levels Value in ₹
Tomorrow Up Target 1 147
Tomorrow Up Target 2 146
Tomorrow Up Target 3 144
Based on where the stock opens tomorrow, if PRSMJOHNSN opens on a positive note, our first target will be ₹150. If Target 1 is achieved, we will aim for Target 2 which is ₹152.

But if PRSMJOHNSN falls below the average value of ₹149.13, you can enter a sell side position with target number 1 - ₹147 and second target - ₹146 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 PRSMJOHNSN

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

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

Tomorrow's Volume based share price Forecast for PRSMJOHNSN

PRSMJOHNSN'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 203%.

Reversal detection for PRSMJOHNSN

Predicted trend chart of PRSMJOHNSN tomorrow for price forecast
PRSMJOHNSN may trend may continue to be bearish since stock is making lower low and we can get target of ₹150 in morning tomorrow
Target 1 tomorrow150
Target 2 tomorrow151
Target 3 tomorrow152
 

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 PRSMJOHNSN'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 PRSMJOHNSN opens on a positive note, our first target will be ₹150.42. If Target 1 is achieved, we will aim for Target 2 which is ₹152.38.

But if PRSMJOHNSN falls below the average value of ₹149.13, you can enter a sell side position with target number 1 - ₹147.17 and second target - ₹145.88

PRSMJOHNSN's Weekly Targets
1st Up Target 150.42
2nd Up Target 152.38
1st Down Target 147.17
2nd Down Target 145.88

As the week for PRSMJOHNSN ended on bearish sentiments, we can expect further continuation of this sentiment. PRSMJOHNSN's initial target will be 150.42 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 147.17 in the upcoming week.

Weekly OHLC Values
Open 151.10
High 151.10
Low 147.85
Close 148.45

Week for PRSMJOHNSN started with an open price of 151.10, and the close was at 148.45. PRSMJOHNSN reached the highest of 151.10 and dipped lowest up to 147.85 last week. This indicates a bearish sentiment for the week.

PRSMJOHNSN full month swing targets
Monthly Up Target 1 153.67
Monthly Up Target 2 155.63
Monthly Down Target 1 143.92
Monthly Down Target 2 139.38

Targets of ₹153.67 can be expected to be reached in the coming month. Once PRSMJOHNSN achieved this target, we can aim for the next upside target of ₹155.63.

PRSMJOHNSN if fails to hold upside, down targets of ₹143.92 and ₹139.38 can be achieved by end of this month.

For complete three weeks if PRSMJOHNSN 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

PRSMJOHNSN is expected to reach the target of 150.42 in tomorrow's trading session.

After achieving the initial target in PRSMJOHNSN, we will aim for higher targets of 152.38 tomorrow.

However, if PRSMJOHNSN starts to trade below ₹149.13, then we will shift our focus to the sell side and aim for down targets of 147.17 and 145.88.