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

Themis Medicare Limited

Symbol: NSE:THEMISMED

ISIN: INE083B01016

293.05

As on 2024-12-06

168.55 (52W Low) 317.00 (52W High)

THEMISMED's Today's Performance

Themis Medicare Limited started the day by opening at 287.75 today 2024-12-06. Its shares reached a high of 297.00 and dipped to a low of 284.05 in intraday. When the markets closed, THEMISMED’s stock price settled at ₹293.05 per share. Also check out its key support and resistance levels.

THEMISMED Buy/Sell Targets

Tomorrow, buy THEMISMED when its price reaches ₹ 293.05 with a stop-loss order at ₹ 288.50. You can set the target price as ₹ 297.60 to capture potential gains. This buy 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 THEMISMED 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 THEMISMED

Downside Targets Value in ₹
Tomorrow Down Target 1 299
Tomorrow Down Target 2 304
Tomorrow Down Target 3 312

Important Levels for THEMISMED

Holding Levels Value in ₹
Tomorrow Up Target 1 286
Tomorrow Up Target 2 278
Tomorrow Up Target 3 273
Based on where the stock opens tomorrow, if THEMISMED opens on a positive note, our first target will be ₹299. If Target 1 is achieved, we will aim for Target 2 which is ₹304.

But if THEMISMED falls below the average value of ₹291.37, you can enter a sell side position with target number 1 - ₹286 and second target - ₹278 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 THEMISMED

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

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

Tomorrow's Volume based share price Forecast for THEMISMED

THEMISMED'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 75%.

Reversal detection for THEMISMED

Predicted trend chart of THEMISMED tomorrow for price forecast
THEMISMED may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹287 in morning tomorrow
Target 1 tomorrow296
Target 2 tomorrow299
Target 3 tomorrow304
 

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 THEMISMED'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 THEMISMED opens on a positive note, our first target will be ₹298.68. If Target 1 is achieved, we will aim for Target 2 which is ₹304.32.

But if THEMISMED falls below the average value of ₹291.37, you can enter a sell side position with target number 1 - ₹285.73 and second target - ₹278.42

THEMISMED's Weekly Targets
1st Up Target 303.17
2nd Up Target 313.28
1st Down Target 283.47
2nd Down Target 273.88

As the week for THEMISMED ended on bullish sentiments, we can expect further continuation of this sentiment. THEMISMED's initial target will be 303.17 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 283.47 in the upcoming week.

Weekly OHLC Values
Open 290.00
High 303.70
Low 284.00
Close 293.05

Week for THEMISMED started with an open price of 290.00, and the close was at 293.05. THEMISMED reached the highest of 303.70 and dipped lowest up to 284.00 last week. This indicates a bullish sentiment for the week.

THEMISMED full month swing targets
Monthly Up Target 1 322.87
Monthly Up Target 2 332.98
Monthly Down Target 1 263.77
Monthly Down Target 2 234.48

Targets of ₹322.87 can be expected to be reached in the coming month. Once THEMISMED achieved this target, we can aim for the next upside target of ₹332.98.

THEMISMED if fails to hold upside, down targets of ₹263.77 and ₹234.48 can be achieved by end of this month.

For complete three weeks if THEMISMED 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 THEMISMED

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

THEMISMED is expected to reach the target of 298.68 in tomorrow's trading session.

After achieving the initial target in THEMISMED, we will aim for higher targets of 304.32 tomorrow.

However, if THEMISMED starts to trade below ₹291.37, then we will shift our focus to the sell side and aim for down targets of 285.73 and 278.42.