Stock Information Portal

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

Amrutanjan Health Care Limited

Symbol: NSE:AMRUTANJAN

ISIN: INE098F01031

738.50

As on 2024-07-19

563.90 (52W Low) 825.15 (52W High)

AMRUTANJAN's Today's Performance

Amrutanjan Health Care Limited started the day by opening at 745.00 today 2024-07-19. Its shares reached a high of 755.95 and dipped to a low of 731.95 in intraday. When the markets closed, AMRUTANJAN’s stock price settled at ₹738.50 per share. Also check out its key support and resistance levels.

AMRUTANJAN Buy/Sell Targets

Tomorrow, buy AMRUTANJAN when its price reaches ₹ 738.50 with a stop-loss order at ₹ 729.65. You can set the target price as ₹ 747.35 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 AMRUTANJAN 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 AMRUTANJAN

Downside Targets Value in ₹
Tomorrow Down Target 1 752
Tomorrow Down Target 2 766
Tomorrow Down Target 3 776

Important Levels for AMRUTANJAN

Holding Levels Value in ₹
Tomorrow Up Target 1 728
Tomorrow Up Target 2 718
Tomorrow Up Target 3 704
Based on where the stock opens tomorrow, if AMRUTANJAN opens on a positive note, our first target will be ₹752. If Target 1 is achieved, we will aim for Target 2 which is ₹766.

But if AMRUTANJAN falls below the average value of ₹742.13, you can enter a sell side position with target number 1 - ₹728 and second target - ₹718 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 AMRUTANJAN

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

Based on this, the predicted sentiment for AMRUTANJAN is strong bearish.

Tomorrow's Volume based share price Forecast for AMRUTANJAN

AMRUTANJAN's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 10%.

Reversal detection for AMRUTANJAN

Predicted trend chart of AMRUTANJAN tomorrow for price forecast
AMRUTANJAN may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹736 in morning tomorrow
Target 1 tomorrow751
Target 2 tomorrow757
Target 3 tomorrow766
 

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 AMRUTANJAN'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 AMRUTANJAN opens on a positive note, our first target will be ₹752.32. If Target 1 is achieved, we will aim for Target 2 which is ₹766.13.

But if AMRUTANJAN falls below the average value of ₹742.13, you can enter a sell side position with target number 1 - ₹728.32 and second target - ₹718.13

AMRUTANJAN's Weekly Targets
1st Up Target 754.65
2nd Up Target 770.80
1st Down Target 723.65
2nd Down Target 708.80

As the week for AMRUTANJAN ended on bearish sentiments, we can expect further continuation of this sentiment. AMRUTANJAN's initial target will be 754.65 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 723.65 in the upcoming week.

Weekly OHLC Values
Open 752.40
High 755.95
Low 724.95
Close 738.50

Week for AMRUTANJAN started with an open price of 752.40, and the close was at 738.50. AMRUTANJAN reached the highest of 755.95 and dipped lowest up to 724.95 last week. This indicates a bearish sentiment for the week.

AMRUTANJAN full month swing targets
Monthly Up Target 1 785.65
Monthly Up Target 2 801.80
Monthly Down Target 1 692.65
Monthly Down Target 2 646.80

Targets of ₹785.65 can be expected to be reached in the coming month. Once AMRUTANJAN achieved this target, we can aim for the next upside target of ₹801.80.

AMRUTANJAN if fails to hold upside, down targets of ₹692.65 and ₹646.80 can be achieved by end of this month.

For complete three weeks if AMRUTANJAN 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 AMRUTANJAN

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

AMRUTANJAN is expected to reach the target of 752.32 in tomorrow's trading session.

After achieving the initial target in AMRUTANJAN, we will aim for higher targets of 766.13 tomorrow.

However, if AMRUTANJAN starts to trade below ₹742.13, then we will shift our focus to the sell side and aim for down targets of 728.32 and 718.13.