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

Visaka Industries Limited

Symbol: NSE:VISAKAIND

ISIN: INE392A01013

108.27

As on 2024-10-04

80.50 (52W Low) 177.95 (52W High)

VISAKAIND's Today's Performance

Visaka Industries Limited started the day by opening at 104.35 today 2024-10-04. Its shares reached a high of 113.75 and dipped to a low of 102.40 in intraday. When the markets closed, VISAKAIND’s stock price settled at ₹108.27 per share. Also check out its key support and resistance levels.

VISAKAIND Buy/Sell Targets

Tomorrow, buy VISAKAIND when its price reaches ₹ 108.27 with a stop-loss order at ₹ 105.20. You can set the target price as ₹ 111.34 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 VISAKAIND 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 VISAKAIND

Downside Targets Value in ₹
Tomorrow Down Target 1 114
Tomorrow Down Target 2 119
Tomorrow Down Target 3 125

Important Levels for VISAKAIND

Holding Levels Value in ₹
Tomorrow Up Target 1 103
Tomorrow Up Target 2 97
Tomorrow Up Target 3 91
Based on where the stock opens tomorrow, if VISAKAIND opens on a positive note, our first target will be ₹114. If Target 1 is achieved, we will aim for Target 2 which is ₹119.

But if VISAKAIND falls below the average value of ₹108.14, you can enter a sell side position with target number 1 - ₹103 and second target - ₹97 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 VISAKAIND

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

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

Tomorrow's Volume based share price Forecast for VISAKAIND

VISAKAIND'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 -39%.

Reversal detection for VISAKAIND

Predicted trend chart of VISAKAIND tomorrow for price forecast
VISAKAIND may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹104 in morning tomorrow
Target 1 tomorrow112
Target 2 tomorrow115
Target 3 tomorrow119
 

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 VISAKAIND'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 VISAKAIND opens on a positive note, our first target will be ₹113.88. If Target 1 is achieved, we will aim for Target 2 which is ₹119.49.

But if VISAKAIND falls below the average value of ₹108.14, you can enter a sell side position with target number 1 - ₹102.53 and second target - ₹96.79

VISAKAIND's Weekly Targets
1st Up Target 113.88
2nd Up Target 119.49
1st Down Target 102.53
2nd Down Target 96.79

As the week for VISAKAIND ended on bullish sentiments, we can expect further continuation of this sentiment. VISAKAIND's initial target will be 113.88 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 102.53 in the upcoming week.

Weekly OHLC Values
Open 103.45
High 113.75
Low 102.40
Close 108.27

Week for VISAKAIND started with an open price of 103.45, and the close was at 108.27. VISAKAIND reached the highest of 113.75 and dipped lowest up to 102.40 last week. This indicates a bullish sentiment for the week.

VISAKAIND full month swing targets
Monthly Up Target 1 125.23
Monthly Up Target 2 130.84
Monthly Down Target 1 91.18
Monthly Down Target 2 74.09

Targets of ₹125.23 can be expected to be reached in the coming month. Once VISAKAIND achieved this target, we can aim for the next upside target of ₹130.84.

VISAKAIND if fails to hold upside, down targets of ₹91.18 and ₹74.09 can be achieved by end of this month.

For complete three weeks if VISAKAIND 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 VISAKAIND

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BEL Bharat Electronics Limited Aerospace & Defense

Summary

VISAKAIND is expected to reach the target of 113.88 in tomorrow's trading session.

After achieving the initial target in VISAKAIND, we will aim for higher targets of 119.49 tomorrow.

However, if VISAKAIND starts to trade below ₹108.14, then we will shift our focus to the sell side and aim for down targets of 102.53 and 96.79.