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

B&B Triplewall Containers Limited

Symbol: NSE:BBTCL

ISIN: INE01EE01011

265.65

As on 2024-04-16

213.85 (52W Low) 314.30 (52W High)

BBTCL's Today's Performance

B&B Triplewall Containers Limited started the day by opening at 270.00 today 2024-04-16. Its shares reached a high of 270.00 and dipped to a low of 261.05 in intraday. When the markets closed, BBTCL’s stock price settled at ₹265.65 per share. Also check out its key support and resistance levels.

BBTCL Buy/Sell Targets

Tomorrow, sell BBTCL when its price reaches ₹ 265.65 with a stop-loss order at ₹ 270.32. You can set the target price as ₹ 260.98 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 BBTCL 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 BBTCL

Resistance Levels Value in ₹
Tomorrow Resistance 1 270
Tomorrow Resistance 2 275
Tomorrow Resistance 3 279

Important Supports for BBTCL

Support Levels Value in ₹
Tomorrow Support 1 261
Tomorrow Support 2 257
Tomorrow Support 3 252
Based on where the stock opens tomorrow, if BBTCL opens on a positive note, our first target will be ₹270. If Target 1 is achieved, we will aim for Target 2 which is ₹275.

But if BBTCL falls below the average value of ₹265.57, you can enter a sell side position with target number 1 - ₹261 and second target - ₹257 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 BBTCL

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

Based on this, the predicted sentiment for BBTCL is strong bearish.

Tomorrow's Volume based share price Forecast for BBTCL

BBTCL's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 64%.

Reversal detection for BBTCL

Predicted trend chart of BBTCL tomorrow for price forecast
BBTCL may trend may continue to be bearish since stock is making lower low and we can get target of ₹264 in morning tomorrow
Target 1 tomorrow269
Target 2 tomorrow271
Target 3 tomorrow275
 

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 BBTCL'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 BBTCL opens on a positive note, our first target will be ₹270.08. If Target 1 is achieved, we will aim for Target 2 which is ₹274.52.

But if BBTCL falls below the average value of ₹265.57, you can enter a sell side position with target number 1 - ₹261.13 and second target - ₹256.62

BBTCL's Weekly Targets
1st Up Target 272.47
2nd Up Target 279.28
1st Down Target 256.37
2nd Down Target 247.08

As the week for BBTCL ended on bullish sentiments, we can expect further continuation of this sentiment. BBTCL's initial target will be 272.47 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 256.37 in the upcoming week.

Weekly OHLC Values
Open 261.55
High 270.00
Low 253.90
Close 265.65

Week for BBTCL started with an open price of 261.55, and the close was at 265.65. BBTCL reached the highest of 270.00 and dipped lowest up to 253.90 last week. This indicates a bullish sentiment for the week.

BBTCL full month swing targets
Monthly Up Target 1 288.57
Monthly Up Target 2 295.38
Monthly Down Target 1 240.27
Monthly Down Target 2 214.88

Targets of ₹288.57 can be expected to be reached in the coming month. Once BBTCL achieved this target, we can aim for the next upside target of ₹295.38.

BBTCL if fails to hold upside, down targets of ₹240.27 and ₹214.88 can be achieved by end of this month.

For complete three weeks if BBTCL 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.

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Summary

BBTCL is expected to reach the target of 270.08 in tomorrow's trading session.

After achieving the initial target in BBTCL, we will aim for higher targets of 274.52 tomorrow.

However, if BBTCL starts to trade below ₹265.57, then we will shift our focus to the sell side and aim for down targets of 261.13 and 256.62.