Price and trend forecast of BBOX for Tomorrow, Weekly, Monthly
Black Box Limited
Symbol: NSE:BBOX
ISIN: INE676A01027
450.55
As on 2024-07-26
BBOX's Today's Performance
Black Box Limited started the day by opening at 457.10 today 2024-07-26. Its shares reached a high of 457.10 and dipped to a low of 440.10 in intraday. When the markets closed, BBOX’s stock price settled at ₹450.55 per share. Also check out its key support and resistance levels.
BBOX Buy/Sell Targets
Tomorrow, buy BBOX when its price reaches ₹ 450.55 with a stop-loss order at ₹ 442.23. You can set the target price as ₹ 458.88 to capture potential gains. This buy 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 BBOX 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 BBOX
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 458 |
| Tomorrow Down Target 2 | 466 |
| Tomorrow Down Target 3 | 475 |
Important Levels for BBOX
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 441 |
| Tomorrow Up Target 2 | 432 |
| Tomorrow Up Target 3 | 424 |
Based on where the stock opens tomorrow, if BBOX opens on a positive note, our first target will be ₹458. If Target 1 is achieved, we will aim for Target 2 which is ₹466.
But if BBOX falls below the average value of ₹449.25, you can enter a sell side position with target number 1 - ₹441 and second target - ₹432 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 BBOX
Looking at BBOX, 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, BBOX has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for BBOX is strong bullish.
Tomorrow's Volume based share price Forecast for BBOX
BBOX'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 120%.
Reversal detection for BBOX
BBOX may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹430 in morning tomorrow
| Target 1 tomorrow | 456 |
| Target 2 tomorrow | 460 |
| Target 3 tomorrow | 466 |
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 BBOX'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 BBOX opens on a positive note, our first target will be ₹458.40. If Target 1 is achieved, we will aim for Target 2 which is ₹466.25.
But if BBOX falls below the average value of ₹449.25, you can enter a sell side position with target number 1 - ₹441.40 and second target - ₹432.25
BBOX's Weekly Targets
| 1st Up Target | 479.37 |
| 2nd Up Target | 508.18 |
| 1st Down Target | 399.47 |
| 2nd Down Target | 348.38 |
As the week for BBOX ended on bullish sentiments, we can expect further continuation of this sentiment. BBOX's initial target will be 479.37 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 399.47 in the upcoming week.
Weekly OHLC Values
| Open | 387.70 |
| High | 457.10 |
| Low | 377.20 |
| Close | 450.55 |
Week for BBOX started with an open price of 387.70, and the close was at 450.55. BBOX reached the highest of 457.10 and dipped lowest up to 377.20 last week. This indicates a bullish sentiment for the week.
BBOX full month swing targets
| Monthly Up Target 1 | 559.27 |
| Monthly Up Target 2 | 588.08 |
| Monthly Down Target 1 | 319.57 |
| Monthly Down Target 2 | 188.58 |
Targets of ₹559.27 can be expected to be reached in the coming month. Once BBOX achieved this target, we can aim for the next upside target of ₹588.08.
BBOX if fails to hold upside, down targets of ₹319.57 and ₹188.58 can be achieved by end of this month.
For complete three weeks if BBOX 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 BBOX
| Symbol | Name | Industry |
|---|---|---|
| TCS | Tata Consultancy Services Limited | Information Technology Services |
| INFY | Infosys Limited | Information Technology Services |
| CYIENTDLM | Cyient DLM Limited | Electronic Components |
| HCLTECH | HCL Technologies Limited | Information Technology Services |
| IDEAFORGE | ideaForge Technology Limited | Computer Hardware |
Summary
BBOX is expected to reach the target of 458.40 in tomorrow's trading session.
After achieving the initial target in BBOX, we will aim for higher targets of 466.25 tomorrow.
However, if BBOX starts to trade below ₹449.25, then we will shift our focus to the sell side and aim for down targets of 441.40 and 432.25.