Stock Information Portal

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

Bhageria Industries Limited

Symbol: NSE:BHAGERIA

ISIN: INE354C01027

167.25

As on 2024-04-12

122.45 (52W Low) 204.85 (52W High)

BHAGERIA's Today's Performance

Bhageria Industries Limited started the day by opening at 171.25 today 2024-04-12. Its shares reached a high of 174.85 and dipped to a low of 165.60 in intraday. When the markets closed, BHAGERIA’s stock price settled at ₹167.25 per share. Also check out its key support and resistance levels.

BHAGERIA Buy/Sell Targets

Tomorrow, sell BHAGERIA when its price reaches ₹ 167.25 with a stop-loss order at ₹ 170.78. You can set the target price as ₹ 163.72 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 BHAGERIA 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 BHAGERIA

Resistance Levels Value in ₹
Tomorrow Resistance 1 173
Tomorrow Resistance 2 178
Tomorrow Resistance 3 182

Important Supports for BHAGERIA

Support Levels Value in ₹
Tomorrow Support 1 164
Tomorrow Support 2 160
Tomorrow Support 3 154
Based on where the stock opens tomorrow, if BHAGERIA opens on a positive note, our first target will be ₹173. If Target 1 is achieved, we will aim for Target 2 which is ₹178.

But if BHAGERIA falls below the average value of ₹169.23, you can enter a sell side position with target number 1 - ₹164 and second target - ₹160 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 BHAGERIA

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

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

Tomorrow's Volume based share price Forecast for BHAGERIA

BHAGERIA's Volume is currently in a Increasing 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 -41%.

Reversal detection for BHAGERIA

Predicted trend chart of BHAGERIA tomorrow for price forecast
BHAGERIA may trend may continue to be bearish since stock is making lower low and we can get target of ₹172 in morning tomorrow
Target 1 tomorrow173
Target 2 tomorrow175
Target 3 tomorrow178
 

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 BHAGERIA'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 BHAGERIA opens on a positive note, our first target will be ₹172.87. If Target 1 is achieved, we will aim for Target 2 which is ₹178.48.

But if BHAGERIA falls below the average value of ₹169.23, you can enter a sell side position with target number 1 - ₹163.62 and second target - ₹159.98

BHAGERIA's Weekly Targets
1st Up Target 175.33
2nd Up Target 183.42
1st Down Target 162.38
2nd Down Target 157.52

As the week for BHAGERIA ended on bearish sentiments, we can expect further continuation of this sentiment. BHAGERIA's initial target will be 175.33 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 162.38 in the upcoming week.

Weekly OHLC Values
Open 173.45
High 178.55
Low 165.60
Close 167.25

Week for BHAGERIA started with an open price of 173.45, and the close was at 167.25. BHAGERIA reached the highest of 178.55 and dipped lowest up to 165.60 last week. This indicates a bearish sentiment for the week.

BHAGERIA full month swing targets
Monthly Up Target 1 188.28
Monthly Up Target 2 196.37
Monthly Down Target 1 149.43
Monthly Down Target 2 131.62

Targets of ₹188.28 can be expected to be reached in the coming month. Once BHAGERIA achieved this target, we can aim for the next upside target of ₹196.37.

BHAGERIA if fails to hold upside, down targets of ₹149.43 and ₹131.62 can be achieved by end of this month.

For complete three weeks if BHAGERIA 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 BHAGERIA

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

BHAGERIA is expected to reach the target of 172.87 in tomorrow's trading session.

After achieving the initial target in BHAGERIA, we will aim for higher targets of 178.48 tomorrow.

However, if BHAGERIA starts to trade below ₹169.23, then we will shift our focus to the sell side and aim for down targets of 163.62 and 159.98.