Stock Information Portal

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

Brightcom Group Limited

Symbol: NSE:BCG

ISIN: INE425B01027

14.85

As on 2024-04-16

9.35 (52W Low) 36.45 (52W High)

BCG's Today's Performance

Brightcom Group Limited started the day by opening at 14.50 today 2024-04-16. Its shares reached a high of 15.25 and dipped to a low of 14.50 in intraday. When the markets closed, BCG’s stock price settled at ₹14.85 per share. Also check out its key support and resistance levels.

BCG Buy/Sell Targets

Tomorrow, sell BCG when its price reaches ₹ 14.85 with a stop-loss order at ₹ 15.16. You can set the target price as ₹ 14.54 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 BCG 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 BCG

Resistance Levels Value in ₹
Tomorrow Resistance 1 15
Tomorrow Resistance 2 16
Tomorrow Resistance 3 16

Important Supports for BCG

Support Levels Value in ₹
Tomorrow Support 1 14
Tomorrow Support 2 14
Tomorrow Support 3 14
Based on where the stock opens tomorrow, if BCG opens on a positive note, our first target will be ₹15. If Target 1 is achieved, we will aim for Target 2 which is ₹16.

But if BCG falls below the average value of ₹14.87, you can enter a sell side position with target number 1 - ₹14 and second target - ₹14 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 BCG

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

Based on this, the predicted sentiment for BCG is moderate bearish.

Tomorrow's Volume based share price Forecast for BCG

BCG'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 -13%.

Reversal detection for BCG

Predicted trend chart of BCG tomorrow for price forecast
BCG may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹15 in morning tomorrow
Target 1 tomorrow15
Target 2 tomorrow15
Target 3 tomorrow16
 

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 BCG'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 BCG opens on a positive note, our first target will be ₹15.23. If Target 1 is achieved, we will aim for Target 2 which is ₹15.62.

But if BCG falls below the average value of ₹14.87, you can enter a sell side position with target number 1 - ₹14.48 and second target - ₹14.12

BCG's Weekly Targets
1st Up Target 15.50
2nd Up Target 16.15
1st Down Target 14.35
2nd Down Target 13.85

As the week for BCG ended on bearish sentiments, we can expect further continuation of this sentiment. BCG's initial target will be 15.50 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 14.35 in the upcoming week.

Weekly OHLC Values
Open 15.60
High 15.65
Low 14.50
Close 14.85

Week for BCG started with an open price of 15.60, and the close was at 14.85. BCG reached the highest of 15.65 and dipped lowest up to 14.50 last week. This indicates a bearish sentiment for the week.

BCG full month swing targets
Monthly Up Target 1 16.65
Monthly Up Target 2 17.30
Monthly Down Target 1 13.20
Monthly Down Target 2 11.55

Targets of ₹16.65 can be expected to be reached in the coming month. Once BCG achieved this target, we can aim for the next upside target of ₹17.30.

BCG if fails to hold upside, down targets of ₹13.20 and ₹11.55 can be achieved by end of this month.

For complete three weeks if BCG 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 BCG

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

BCG is expected to reach the target of 15.23 in tomorrow's trading session.

After achieving the initial target in BCG, we will aim for higher targets of 15.62 tomorrow.

However, if BCG starts to trade below ₹14.87, then we will shift our focus to the sell side and aim for down targets of 14.48 and 14.12.