Price and trend forecast of BHAGCHEM for Tomorrow, Weekly, Monthly
Bhagiradha Chemicals & Industries Limited
Symbol: NSE:BHAGCHEM
ISIN: INE414D01019
366.10
As on 2024-10-17
BHAGCHEM's Today's Performance
Bhagiradha Chemicals & Industries Limited started the day by opening at 373.00 today 2024-10-17. Its shares reached a high of 374.00 and dipped to a low of 361.60 in intraday. When the markets closed, BHAGCHEM’s stock price settled at ₹366.10 per share. Also check out its key support and resistance levels.
BHAGCHEM Buy/Sell Targets
Tomorrow, sell BHAGCHEM when its price reaches ₹ 366.10 with a stop-loss order at ₹ 374.43. You can set the target price as ₹ 357.77 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 BHAGCHEM 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 BHAGCHEM
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 373 |
| Tomorrow Down Target 2 | 380 |
| Tomorrow Down Target 3 | 385 |
Important Levels for BHAGCHEM
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 360 |
| Tomorrow Up Target 2 | 355 |
| Tomorrow Up Target 3 | 348 |
Based on where the stock opens tomorrow, if BHAGCHEM opens on a positive note, our first target will be ₹373. If Target 1 is achieved, we will aim for Target 2 which is ₹380.
But if BHAGCHEM falls below the average value of ₹367.23, you can enter a sell side position with target number 1 - ₹360 and second target - ₹355 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 BHAGCHEM
Looking at BHAGCHEM, 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, BHAGCHEM has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for BHAGCHEM is moderate bullish.
Tomorrow's Volume based share price Forecast for BHAGCHEM
BHAGCHEM'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 -68%.
Reversal detection for BHAGCHEM
BHAGCHEM may trend may continue to be bearish since stock is making lower low and we can get target of ₹368 in morning tomorrow
| Target 1 tomorrow | 372 |
| Target 2 tomorrow | 375 |
| Target 3 tomorrow | 380 |
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 BHAGCHEM'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 BHAGCHEM opens on a positive note, our first target will be ₹372.87. If Target 1 is achieved, we will aim for Target 2 which is ₹379.63.
But if BHAGCHEM falls below the average value of ₹367.23, you can enter a sell side position with target number 1 - ₹360.47 and second target - ₹354.83
BHAGCHEM's Weekly Targets
| 1st Up Target | 379.73 |
| 2nd Up Target | 393.37 |
| 1st Down Target | 346.73 |
| 2nd Down Target | 327.37 |
As the week for BHAGCHEM ended on bullish sentiments, we can expect further continuation of this sentiment. BHAGCHEM's initial target will be 379.73 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 346.73 in the upcoming week.
Weekly OHLC Values
| Open | 348.00 |
| High | 374.00 |
| Low | 341.00 |
| Close | 366.10 |
Week for BHAGCHEM started with an open price of 348.00, and the close was at 366.10. BHAGCHEM reached the highest of 374.00 and dipped lowest up to 341.00 last week. This indicates a bullish sentiment for the week.
BHAGCHEM full month swing targets
| Monthly Up Target 1 | 412.73 |
| Monthly Up Target 2 | 426.37 |
| Monthly Down Target 1 | 313.73 |
| Monthly Down Target 2 | 261.37 |
Targets of ₹412.73 can be expected to be reached in the coming month. Once BHAGCHEM achieved this target, we can aim for the next upside target of ₹426.37.
BHAGCHEM if fails to hold upside, down targets of ₹313.73 and ₹261.37 can be achieved by end of this month.
For complete three weeks if BHAGCHEM 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 BHAGCHEM
| Symbol | Name | Industry |
|---|---|---|
| ULTRACEMCO | UltraTech Cement Limited | Building Materials |
| ASIANPAINT | Asian Paints Limited | Specialty Chemicals |
| JSWSTEEL | JSW Steel Limited | Steel |
| TATASTEEL | Tata Steel Limited | Steel |
| GRASIM | Grasim Industries Limited | Building Materials |
Summary
BHAGCHEM is expected to reach the target of 372.87 in tomorrow's trading session.
After achieving the initial target in BHAGCHEM, we will aim for higher targets of 379.63 tomorrow.
However, if BHAGCHEM starts to trade below ₹367.23, then we will shift our focus to the sell side and aim for down targets of 360.47 and 354.83.