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

Anant Raj Limited

Symbol: NSE:ANANTRAJ

ISIN: INE242C01024

414.55

As on 2024-06-13

162.00 (52W Low) 432.00 (52W High)

ANANTRAJ's Today's Performance

Anant Raj Limited started the day by opening at 422.05 today 2024-06-13. Its shares reached a high of 424.90 and dipped to a low of 411.50 in intraday. When the markets closed, ANANTRAJ’s stock price settled at ₹414.55 per share. Also check out its key support and resistance levels.

ANANTRAJ Buy/Sell Targets

Tomorrow, sell ANANTRAJ when its price reaches ₹ 414.55 with a stop-loss order at ₹ 422.95. You can set the target price as ₹ 406.15 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 ANANTRAJ 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 ANANTRAJ

Downside Targets Value in ₹
Tomorrow Down Target 1 422
Tomorrow Down Target 2 430
Tomorrow Down Target 3 436

Important Levels for ANANTRAJ

Holding Levels Value in ₹
Tomorrow Up Target 1 409
Tomorrow Up Target 2 404
Tomorrow Up Target 3 396
Based on where the stock opens tomorrow, if ANANTRAJ opens on a positive note, our first target will be ₹422. If Target 1 is achieved, we will aim for Target 2 which is ₹430.

But if ANANTRAJ falls below the average value of ₹416.98, you can enter a sell side position with target number 1 - ₹409 and second target - ₹404 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 ANANTRAJ

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

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

Tomorrow's Volume based share price Forecast for ANANTRAJ

ANANTRAJ'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 62%.

Reversal detection for ANANTRAJ

Predicted trend chart of ANANTRAJ tomorrow for price forecast
ANANTRAJ may trend may continue to be bearish since stock is making lower low and we can get target of ₹424 in morning tomorrow
Target 1 tomorrow422
Target 2 tomorrow425
Target 3 tomorrow430
 

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 ANANTRAJ'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 ANANTRAJ opens on a positive note, our first target will be ₹422.47. If Target 1 is achieved, we will aim for Target 2 which is ₹430.38.

But if ANANTRAJ falls below the average value of ₹416.98, you can enter a sell side position with target number 1 - ₹409.07 and second target - ₹403.58

ANANTRAJ's Weekly Targets
1st Up Target 434.02
2nd Up Target 453.48
1st Down Target 393.07
2nd Down Target 371.58

As the week for ANANTRAJ ended on bullish sentiments, we can expect further continuation of this sentiment. ANANTRAJ's initial target will be 434.02 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 393.07 in the upcoming week.

Weekly OHLC Values
Open 392.80
High 432.00
Low 391.05
Close 414.55

Week for ANANTRAJ started with an open price of 392.80, and the close was at 414.55. ANANTRAJ reached the highest of 432.00 and dipped lowest up to 391.05 last week. This indicates a bullish sentiment for the week.

ANANTRAJ full month swing targets
Monthly Up Target 1 474.97
Monthly Up Target 2 494.43
Monthly Down Target 1 352.12
Monthly Down Target 2 289.68

Targets of ₹474.97 can be expected to be reached in the coming month. Once ANANTRAJ achieved this target, we can aim for the next upside target of ₹494.43.

ANANTRAJ if fails to hold upside, down targets of ₹352.12 and ₹289.68 can be achieved by end of this month.

For complete three weeks if ANANTRAJ 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 ANANTRAJ

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OBEROIRLTY Oberoi Realty Limited Real Estate - Development
PHOENIXLTD The Phoenix Mills Limited Real Estate - Diversified

Summary

ANANTRAJ is expected to reach the target of 422.47 in tomorrow's trading session.

After achieving the initial target in ANANTRAJ, we will aim for higher targets of 430.38 tomorrow.

However, if ANANTRAJ starts to trade below ₹416.98, then we will shift our focus to the sell side and aim for down targets of 409.07 and 403.58.