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

Bigbloc Construction Limited

Symbol: NSE:BIGBLOC

ISIN: INE412U01025

233.75

As on 2024-04-24

127.55 (52W Low) 267.00 (52W High)

BIGBLOC's Today's Performance

Bigbloc Construction Limited started the day by opening at 235.60 today 2024-04-24. Its shares reached a high of 240.95 and dipped to a low of 231.00 in intraday. When the markets closed, BIGBLOC’s stock price settled at ₹233.75 per share. Also check out its key support and resistance levels.

BIGBLOC Buy/Sell Targets

Tomorrow, sell BIGBLOC when its price reaches ₹ 233.75 with a stop-loss order at ₹ 242.25. You can set the target price as ₹ 225.25 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 BIGBLOC 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 BIGBLOC

Downside Targets Value in ₹
Tomorrow Down Target 1 239
Tomorrow Down Target 2 245
Tomorrow Down Target 3 249

Important Levels for BIGBLOC

Holding Levels Value in ₹
Tomorrow Up Target 1 230
Tomorrow Up Target 2 225
Tomorrow Up Target 3 220
Based on where the stock opens tomorrow, if BIGBLOC opens on a positive note, our first target will be ₹239. If Target 1 is achieved, we will aim for Target 2 which is ₹245.

But if BIGBLOC falls below the average value of ₹235.23, you can enter a sell side position with target number 1 - ₹230 and second target - ₹225 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 BIGBLOC

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

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

Tomorrow's Volume based share price Forecast for BIGBLOC

BIGBLOC'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 -17%.

Reversal detection for BIGBLOC

Predicted trend chart of BIGBLOC tomorrow for price forecast
BIGBLOC may trend may continue to be bearish since stock is making lower low and we can get target of ₹238 in morning tomorrow
Target 1 tomorrow239
Target 2 tomorrow241
Target 3 tomorrow245
 

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 BIGBLOC'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 BIGBLOC opens on a positive note, our first target will be ₹239.47. If Target 1 is achieved, we will aim for Target 2 which is ₹245.18.

But if BIGBLOC falls below the average value of ₹235.23, you can enter a sell side position with target number 1 - ₹229.52 and second target - ₹225.28

BIGBLOC's Weekly Targets
1st Up Target 249.43
2nd Up Target 265.12
1st Down Target 218.03
2nd Down Target 202.32

As the week for BIGBLOC ended on bullish sentiments, we can expect further continuation of this sentiment. BIGBLOC's initial target will be 249.43 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 218.03 in the upcoming week.

Weekly OHLC Values
Open 218.00
High 249.40
Low 218.00
Close 233.75

Week for BIGBLOC started with an open price of 218.00, and the close was at 233.75. BIGBLOC reached the highest of 249.40 and dipped lowest up to 218.00 last week. This indicates a bullish sentiment for the week.

BIGBLOC full month swing targets
Monthly Up Target 1 280.83
Monthly Up Target 2 296.52
Monthly Down Target 1 186.63
Monthly Down Target 2 139.52

Targets of ₹280.83 can be expected to be reached in the coming month. Once BIGBLOC achieved this target, we can aim for the next upside target of ₹296.52.

BIGBLOC if fails to hold upside, down targets of ₹186.63 and ₹139.52 can be achieved by end of this month.

For complete three weeks if BIGBLOC 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 BIGBLOC

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LT Larsen & Toubro Limited Engineering & Construction
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HAL Hindustan Aeronautics Limited Aerospace & Defense
SIEMENS Siemens Limited Specialty Industrial Machinery
BEL Bharat Electronics Limited Aerospace & Defense

Summary

BIGBLOC is expected to reach the target of 239.47 in tomorrow's trading session.

After achieving the initial target in BIGBLOC, we will aim for higher targets of 245.18 tomorrow.

However, if BIGBLOC starts to trade below ₹235.23, then we will shift our focus to the sell side and aim for down targets of 229.52 and 225.28.