Price and trend forecast of BALPHARMA for Tomorrow, Weekly, Monthly
Bal Pharma Limited
Symbol: NSE:BALPHARMA
ISIN: INE083D01012
108.28
As on 2025-01-22
BALPHARMA's Today's Performance
Bal Pharma Limited started the day by opening at 116.92 today 2025-01-22. Its shares reached a high of 116.98 and dipped to a low of 105.41 in intraday. When the markets closed, BALPHARMA’s stock price settled at ₹108.28 per share. Also check out its key support and resistance levels.
BALPHARMA Buy/Sell Targets
Tomorrow, sell BALPHARMA when its price reaches ₹ 108.28 with a stop-loss order at ₹ 111.56. You can set the target price as ₹ 105.00 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 BALPHARMA 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 BALPHARMA
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 115 |
| Tomorrow Down Target 2 | 122 |
| Tomorrow Down Target 3 | 127 |
Important Levels for BALPHARMA
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 103 |
| Tomorrow Up Target 2 | 99 |
| Tomorrow Up Target 3 | 92 |
Based on where the stock opens tomorrow, if BALPHARMA opens on a positive note, our first target will be ₹115. If Target 1 is achieved, we will aim for Target 2 which is ₹122.
But if BALPHARMA falls below the average value of ₹110.22, you can enter a sell side position with target number 1 - ₹103 and second target - ₹99 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 BALPHARMA
Looking at BALPHARMA, 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, BALPHARMA has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for BALPHARMA is moderate bearish.
Tomorrow's Volume based share price Forecast for BALPHARMA
BALPHARMA's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is 42%.
Reversal detection for BALPHARMA
BALPHARMA may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹117 in morning tomorrow
| Target 1 tomorrow | 115 |
| Target 2 tomorrow | 117 |
| Target 3 tomorrow | 122 |
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 BALPHARMA'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 BALPHARMA opens on a positive note, our first target will be ₹115.04. If Target 1 is achieved, we will aim for Target 2 which is ₹121.79.
But if BALPHARMA falls below the average value of ₹110.22, you can enter a sell side position with target number 1 - ₹103.47 and second target - ₹98.65
BALPHARMA's Weekly Targets
| 1st Up Target | 116.38 |
| 2nd Up Target | 124.49 |
| 1st Down Target | 102.79 |
| 2nd Down Target | 97.31 |
As the week for BALPHARMA ended on bearish sentiments, we can expect further continuation of this sentiment. BALPHARMA's initial target will be 116.38 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 102.79 in the upcoming week.
Weekly OHLC Values
| Open | 115.99 |
| High | 119.00 |
| Low | 105.41 |
| Close | 108.28 |
Week for BALPHARMA started with an open price of 115.99, and the close was at 108.28. BALPHARMA reached the highest of 119.00 and dipped lowest up to 105.41 last week. This indicates a bearish sentiment for the week.
BALPHARMA full month swing targets
| Monthly Up Target 1 | 129.97 |
| Monthly Up Target 2 | 138.08 |
| Monthly Down Target 1 | 89.20 |
| Monthly Down Target 2 | 70.13 |
Targets of ₹129.97 can be expected to be reached in the coming month. Once BALPHARMA achieved this target, we can aim for the next upside target of ₹138.08.
BALPHARMA if fails to hold upside, down targets of ₹89.20 and ₹70.13 can be achieved by end of this month.
For complete three weeks if BALPHARMA 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 BALPHARMA
| 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
BALPHARMA is expected to reach the target of 115.04 in tomorrow's trading session.
After achieving the initial target in BALPHARMA, we will aim for higher targets of 121.79 tomorrow.
However, if BALPHARMA starts to trade below ₹110.22, then we will shift our focus to the sell side and aim for down targets of 103.47 and 98.65.