Price and trend forecast of BAJAJHCARE for Tomorrow, Weekly, Monthly
Bajaj Healthcare Limited
Symbol: NSE:BAJAJHCARE
ISIN: INE411U01027
533.90
As on 2024-12-20
BAJAJHCARE's Today's Performance
Bajaj Healthcare Limited started the day by opening at 567.00 today 2024-12-20. Its shares reached a high of 578.00 and dipped to a low of 530.35 in intraday. When the markets closed, BAJAJHCARE’s stock price settled at ₹533.90 per share. Also check out its key support and resistance levels.
BAJAJHCARE Buy/Sell Targets
Tomorrow, sell BAJAJHCARE when its price reaches ₹ 533.90 with a stop-loss order at ₹ 571.79. You can set the target price as ₹ 496.01 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 BAJAJHCARE 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 BAJAJHCARE
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 564 |
| Tomorrow Down Target 2 | 595 |
| Tomorrow Down Target 3 | 612 |
Important Levels for BAJAJHCARE
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 517 |
| Tomorrow Up Target 2 | 500 |
| Tomorrow Up Target 3 | 469 |
Based on where the stock opens tomorrow, if BAJAJHCARE opens on a positive note, our first target will be ₹564. If Target 1 is achieved, we will aim for Target 2 which is ₹595.
But if BAJAJHCARE falls below the average value of ₹547.42, you can enter a sell side position with target number 1 - ₹517 and second target - ₹500 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 BAJAJHCARE
Looking at BAJAJHCARE, 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, BAJAJHCARE has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for BAJAJHCARE is strong bullish.
Tomorrow's Volume based share price Forecast for BAJAJHCARE
BAJAJHCARE'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 93%.
Reversal detection for BAJAJHCARE
BAJAJHCARE may trend may continue to be bearish since stock is making lower low and we can get target of ₹578 in morning tomorrow
| Target 1 tomorrow | 566 |
| Target 2 tomorrow | 577 |
| Target 3 tomorrow | 595 |
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 BAJAJHCARE'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 BAJAJHCARE opens on a positive note, our first target will be ₹564.48. If Target 1 is achieved, we will aim for Target 2 which is ₹595.07.
But if BAJAJHCARE falls below the average value of ₹547.42, you can enter a sell side position with target number 1 - ₹516.83 and second target - ₹499.77
BAJAJHCARE's Weekly Targets
| 1st Up Target | 627.87 |
| 2nd Up Target | 721.83 |
| 1st Down Target | 427.07 |
| 2nd Down Target | 320.23 |
As the week for BAJAJHCARE ended on bullish sentiments, we can expect further continuation of this sentiment. BAJAJHCARE's initial target will be 627.87 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 427.07 in the upcoming week.
Weekly OHLC Values
| Open | 427.95 |
| High | 615.00 |
| Low | 414.20 |
| Close | 533.90 |
Week for BAJAJHCARE started with an open price of 427.95, and the close was at 533.90. BAJAJHCARE reached the highest of 615.00 and dipped lowest up to 414.20 last week. This indicates a bullish sentiment for the week.
BAJAJHCARE full month swing targets
| Monthly Up Target 1 | 828.67 |
| Monthly Up Target 2 | 922.63 |
| Monthly Down Target 1 | 226.27 |
| Monthly Down Target 2 | -81.37 |
Targets of ₹828.67 can be expected to be reached in the coming month. Once BAJAJHCARE achieved this target, we can aim for the next upside target of ₹922.63.
BAJAJHCARE if fails to hold upside, down targets of ₹226.27 and ₹-81.37 can be achieved by end of this month.
For complete three weeks if BAJAJHCARE 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 BAJAJHCARE
| 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
BAJAJHCARE is expected to reach the target of 564.48 in tomorrow's trading session.
After achieving the initial target in BAJAJHCARE, we will aim for higher targets of 595.07 tomorrow.
However, if BAJAJHCARE starts to trade below ₹547.42, then we will shift our focus to the sell side and aim for down targets of 516.83 and 499.77.