Price and trend forecast of BALAJITELE for Tomorrow, Weekly, Monthly
Balaji Telefilms Limited
Symbol: NSE:BALAJITELE
ISIN: INE794B01026
79.80
As on 2024-12-20
BALAJITELE's Today's Performance
Balaji Telefilms Limited started the day by opening at 87.71 today 2024-12-20. Its shares reached a high of 87.95 and dipped to a low of 78.94 in intraday. When the markets closed, BALAJITELE’s stock price settled at ₹79.80 per share. Also check out its key support and resistance levels.
BALAJITELE Buy/Sell Targets
Tomorrow, sell BALAJITELE when its price reaches ₹ 79.80 with a stop-loss order at ₹ 83.18. You can set the target price as ₹ 76.42 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 BALAJITELE 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 BALAJITELE
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 86 |
| Tomorrow Down Target 2 | 91 |
| Tomorrow Down Target 3 | 95 |
Important Levels for BALAJITELE
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 77 |
| Tomorrow Up Target 2 | 73 |
| Tomorrow Up Target 3 | 68 |
Based on where the stock opens tomorrow, if BALAJITELE opens on a positive note, our first target will be ₹86. If Target 1 is achieved, we will aim for Target 2 which is ₹91.
But if BALAJITELE falls below the average value of ₹82.23, you can enter a sell side position with target number 1 - ₹77 and second target - ₹73 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 BALAJITELE
Looking at BALAJITELE, 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, BALAJITELE has been on a Sideways path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for BALAJITELE is unclear.
Tomorrow's Volume based share price Forecast for BALAJITELE
BALAJITELE's Volume is currently in a Decreasing trend, and Price is in a Sideways direction. Therefore, we can say the stock is in a unclear trend. Volume trend strength over the last month compared to the last week is -61%.
Reversal detection for BALAJITELE
BALAJITELE may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹89 in morning tomorrow
| Target 1 tomorrow | 86 |
| Target 2 tomorrow | 88 |
| Target 3 tomorrow | 91 |
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 BALAJITELE'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 BALAJITELE opens on a positive note, our first target will be ₹85.52. If Target 1 is achieved, we will aim for Target 2 which is ₹91.24.
But if BALAJITELE falls below the average value of ₹82.23, you can enter a sell side position with target number 1 - ₹76.51 and second target - ₹73.22
BALAJITELE's Weekly Targets
| 1st Up Target | 90.72 |
| 2nd Up Target | 101.64 |
| 1st Down Target | 73.91 |
| 2nd Down Target | 68.02 |
As the week for BALAJITELE ended on bearish sentiments, we can expect further continuation of this sentiment. BALAJITELE's initial target will be 90.72 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 73.91 in the upcoming week.
Weekly OHLC Values
| Open | 82.50 |
| High | 95.75 |
| Low | 78.94 |
| Close | 79.80 |
Week for BALAJITELE started with an open price of 82.50, and the close was at 79.80. BALAJITELE reached the highest of 95.75 and dipped lowest up to 78.94 last week. This indicates a bearish sentiment for the week.
BALAJITELE full month swing targets
| Monthly Up Target 1 | 107.53 |
| Monthly Up Target 2 | 118.45 |
| Monthly Down Target 1 | 57.10 |
| Monthly Down Target 2 | 34.40 |
Targets of ₹107.53 can be expected to be reached in the coming month. Once BALAJITELE achieved this target, we can aim for the next upside target of ₹118.45.
BALAJITELE if fails to hold upside, down targets of ₹57.10 and ₹34.40 can be achieved by end of this month.
For complete three weeks if BALAJITELE 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 BALAJITELE
| Symbol | Name | Industry |
|---|---|---|
| BHARTIARTL | Bharti Airtel Limited | Telecom Services |
| INDUSTOWER | Indus Towers Limited | Telecom Services |
| NAUKRI | Info Edge (India) Limited | Internet Content & Information |
| IDEA | Vodafone Idea Limited | Telecom Services |
| TATACOMM | Tata Communications Limited | Telecom Services |
Summary
BALAJITELE is expected to reach the target of 85.52 in tomorrow's trading session.
After achieving the initial target in BALAJITELE, we will aim for higher targets of 91.24 tomorrow.
However, if BALAJITELE starts to trade below ₹82.23, then we will shift our focus to the sell side and aim for down targets of 76.51 and 73.22.