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

Bedmutha Industries Limited

Symbol: NSE:BEDMUTHA

ISIN: INE844K01012

199.10

As on 2024-04-24

53.60 (52W Low) 314.40 (52W High)

BEDMUTHA's Today's Performance

Bedmutha Industries Limited started the day by opening at 206.00 today 2024-04-24. Its shares reached a high of 206.00 and dipped to a low of 198.20 in intraday. When the markets closed, BEDMUTHA’s stock price settled at ₹199.10 per share. Also check out its key support and resistance levels.

BEDMUTHA Buy/Sell Targets

Tomorrow, sell BEDMUTHA when its price reaches ₹ 199.10 with a stop-loss order at ₹ 202.43. You can set the target price as ₹ 195.77 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 BEDMUTHA 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 BEDMUTHA

Downside Targets Value in ₹
Tomorrow Down Target 1 204
Tomorrow Down Target 2 209
Tomorrow Down Target 3 212

Important Levels for BEDMUTHA

Holding Levels Value in ₹
Tomorrow Up Target 1 196
Tomorrow Up Target 2 193
Tomorrow Up Target 3 188
Based on where the stock opens tomorrow, if BEDMUTHA opens on a positive note, our first target will be ₹204. If Target 1 is achieved, we will aim for Target 2 which is ₹209.

But if BEDMUTHA falls below the average value of ₹201.10, you can enter a sell side position with target number 1 - ₹196 and second target - ₹193 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 BEDMUTHA

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

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

Tomorrow's Volume based share price Forecast for BEDMUTHA

BEDMUTHA'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 67%.

Reversal detection for BEDMUTHA

Predicted trend chart of BEDMUTHA tomorrow for price forecast
BEDMUTHA may trend may continue to be bearish since stock is making lower low and we can get target of ₹202 in morning tomorrow
Target 1 tomorrow204
Target 2 tomorrow206
Target 3 tomorrow209
 

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 BEDMUTHA'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 BEDMUTHA opens on a positive note, our first target will be ₹204.00. If Target 1 is achieved, we will aim for Target 2 which is ₹208.90.

But if BEDMUTHA falls below the average value of ₹201.10, you can enter a sell side position with target number 1 - ₹196.20 and second target - ₹193.30

BEDMUTHA's Weekly Targets
1st Up Target 204.00
2nd Up Target 208.90
1st Down Target 196.20
2nd Down Target 193.30

As the week for BEDMUTHA ended on bearish sentiments, we can expect further continuation of this sentiment. BEDMUTHA's initial target will be 204.00 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 196.20 in the upcoming week.

Weekly OHLC Values
Open 202.00
High 206.00
Low 198.20
Close 199.10

Week for BEDMUTHA started with an open price of 202.00, and the close was at 199.10. BEDMUTHA reached the highest of 206.00 and dipped lowest up to 198.20 last week. This indicates a bearish sentiment for the week.

BEDMUTHA full month swing targets
Monthly Up Target 1 211.80
Monthly Up Target 2 216.70
Monthly Down Target 1 188.40
Monthly Down Target 2 177.70

Targets of ₹211.80 can be expected to be reached in the coming month. Once BEDMUTHA achieved this target, we can aim for the next upside target of ₹216.70.

BEDMUTHA if fails to hold upside, down targets of ₹188.40 and ₹177.70 can be achieved by end of this month.

For complete three weeks if BEDMUTHA 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

BEDMUTHA is expected to reach the target of 204.00 in tomorrow's trading session.

After achieving the initial target in BEDMUTHA, we will aim for higher targets of 208.90 tomorrow.

However, if BEDMUTHA starts to trade below ₹201.10, then we will shift our focus to the sell side and aim for down targets of 196.20 and 193.30.