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

BGR Energy Systems Limited

Symbol: NSE:BGRENERGY

ISIN: INE661I01014

41.03

As on 2024-11-08

33.10 (52W Low) 119.50 (52W High)

BGRENERGY's Today's Performance

BGR Energy Systems Limited started the day by opening at 41.50 today 2024-11-08. Its shares reached a high of 42.51 and dipped to a low of 40.75 in intraday. When the markets closed, BGRENERGY’s stock price settled at ₹41.03 per share. Also check out its key support and resistance levels.

BGRENERGY Buy/Sell Targets

Tomorrow, sell BGRENERGY when its price reaches ₹ 41.03 with a stop-loss order at ₹ 41.83. You can set the target price as ₹ 40.23 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 BGRENERGY 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 BGRENERGY

Downside Targets Value in ₹
Tomorrow Down Target 1 42
Tomorrow Down Target 2 43
Tomorrow Down Target 3 44

Important Levels for BGRENERGY

Holding Levels Value in ₹
Tomorrow Up Target 1 40
Tomorrow Up Target 2 40
Tomorrow Up Target 3 39
Based on where the stock opens tomorrow, if BGRENERGY opens on a positive note, our first target will be ₹42. If Target 1 is achieved, we will aim for Target 2 which is ₹43.

But if BGRENERGY falls below the average value of ₹41.43, you can enter a sell side position with target number 1 - ₹40 and second target - ₹40 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 BGRENERGY

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

Based on this, the predicted sentiment for BGRENERGY is moderate bullish.

Tomorrow's Volume based share price Forecast for BGRENERGY

BGRENERGY's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is 134%.

Reversal detection for BGRENERGY

Predicted trend chart of BGRENERGY tomorrow for price forecast
BGRENERGY may trend may continue to be bearish since stock is making lower low and we can get target of ₹42 in morning tomorrow
Target 1 tomorrow42
Target 2 tomorrow43
Target 3 tomorrow43
 

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 BGRENERGY'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 BGRENERGY opens on a positive note, our first target will be ₹42.11. If Target 1 is achieved, we will aim for Target 2 which is ₹43.19.

But if BGRENERGY falls below the average value of ₹41.43, you can enter a sell side position with target number 1 - ₹40.35 and second target - ₹39.67

BGRENERGY's Weekly Targets
1st Up Target 43.34
2nd Up Target 45.64
1st Down Target 39.74
2nd Down Target 38.44

As the week for BGRENERGY ended on bearish sentiments, we can expect further continuation of this sentiment. BGRENERGY's initial target will be 43.34 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 39.74 in the upcoming week.

Weekly OHLC Values
Open 44.00
High 44.35
Low 40.75
Close 41.03

Week for BGRENERGY started with an open price of 44.00, and the close was at 41.03. BGRENERGY reached the highest of 44.35 and dipped lowest up to 40.75 last week. This indicates a bearish sentiment for the week.

BGRENERGY full month swing targets
Monthly Up Target 1 46.94
Monthly Up Target 2 49.24
Monthly Down Target 1 36.14
Monthly Down Target 2 31.24

Targets of ₹46.94 can be expected to be reached in the coming month. Once BGRENERGY achieved this target, we can aim for the next upside target of ₹49.24.

BGRENERGY if fails to hold upside, down targets of ₹36.14 and ₹31.24 can be achieved by end of this month.

For complete three weeks if BGRENERGY 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

BGRENERGY is expected to reach the target of 42.11 in tomorrow's trading session.

After achieving the initial target in BGRENERGY, we will aim for higher targets of 43.19 tomorrow.

However, if BGRENERGY starts to trade below ₹41.43, then we will shift our focus to the sell side and aim for down targets of 40.35 and 39.67.