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

Artemis Medicare Services Limited

Symbol: NSE:ARTEMISMED

ISIN: INE025R01021

182.05

As on 2024-04-12

68.65 (52W Low) 196.95 (52W High)

ARTEMISMED's Today's Performance

Artemis Medicare Services Limited started the day by opening at 183.50 today 2024-04-12. Its shares reached a high of 186.00 and dipped to a low of 180.30 in intraday. When the markets closed, ARTEMISMED’s stock price settled at ₹182.05 per share. Also check out its key support and resistance levels.

ARTEMISMED Buy/Sell Targets

Tomorrow, sell ARTEMISMED when its price reaches ₹ 182.05 with a stop-loss order at ₹ 185.23. You can set the target price as ₹ 178.87 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 ARTEMISMED for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for ARTEMISMED

Resistance Levels Value in ₹
Tomorrow Resistance 1 185
Tomorrow Resistance 2 188
Tomorrow Resistance 3 191

Important Supports for ARTEMISMED

Support Levels Value in ₹
Tomorrow Support 1 180
Tomorrow Support 2 177
Tomorrow Support 3 174
Based on where the stock opens tomorrow, if ARTEMISMED opens on a positive note, our first target will be ₹185. If Target 1 is achieved, we will aim for Target 2 which is ₹188.

But if ARTEMISMED falls below the average value of ₹182.78, you can enter a sell side position with target number 1 - ₹180 and second target - ₹177 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 ARTEMISMED

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

Based on this, the predicted sentiment for ARTEMISMED is strong bullish.

Tomorrow's Volume based share price Forecast for ARTEMISMED

ARTEMISMED's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 49%.

Reversal detection for ARTEMISMED

Predicted trend chart of ARTEMISMED tomorrow for price forecast
ARTEMISMED may trend may continue to be bearish since stock is making lower low and we can get target of ₹184 in morning tomorrow
Target 1 tomorrow185
Target 2 tomorrow186
Target 3 tomorrow188
 

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 ARTEMISMED'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 ARTEMISMED opens on a positive note, our first target will be ₹185.27. If Target 1 is achieved, we will aim for Target 2 which is ₹188.48.

But if ARTEMISMED falls below the average value of ₹182.78, you can enter a sell side position with target number 1 - ₹179.57 and second target - ₹177.08

ARTEMISMED's Weekly Targets
1st Up Target 192.57
2nd Up Target 203.08
1st Down Target 175.92
2nd Down Target 169.78

As the week for ARTEMISMED ended on bearish sentiments, we can expect further continuation of this sentiment. ARTEMISMED's initial target will be 192.57 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 175.92 in the upcoming week.

Weekly OHLC Values
Open 195.20
High 196.95
Low 180.30
Close 182.05

Week for ARTEMISMED started with an open price of 195.20, and the close was at 182.05. ARTEMISMED reached the highest of 196.95 and dipped lowest up to 180.30 last week. This indicates a bearish sentiment for the week.

ARTEMISMED full month swing targets
Monthly Up Target 1 209.22
Monthly Up Target 2 219.73
Monthly Down Target 1 159.27
Monthly Down Target 2 136.48

Targets of ₹209.22 can be expected to be reached in the coming month. Once ARTEMISMED achieved this target, we can aim for the next upside target of ₹219.73.

ARTEMISMED if fails to hold upside, down targets of ₹159.27 and ₹136.48 can be achieved by end of this month.

For complete three weeks if ARTEMISMED 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 ARTEMISMED

No related stocks found in the same sector.

Summary

ARTEMISMED is expected to reach the target of 185.27 in tomorrow's trading session.

After achieving the initial target in ARTEMISMED, we will aim for higher targets of 188.48 tomorrow.

However, if ARTEMISMED starts to trade below ₹182.78, then we will shift our focus to the sell side and aim for down targets of 179.57 and 177.08.