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

Aditya Birla Money Limited

Symbol: NSE:BIRLAMONEY

ISIN: INE865C01022

163.78

As on 2024-07-23

59.30 (52W Low) 189.08 (52W High)

BIRLAMONEY's Today's Performance

Aditya Birla Money Limited started the day by opening at 164.90 today 2024-07-23. Its shares reached a high of 166.75 and dipped to a low of 155.10 in intraday. When the markets closed, BIRLAMONEY’s stock price settled at ₹163.78 per share. Also check out its key support and resistance levels.

BIRLAMONEY Buy/Sell Targets

Tomorrow, sell BIRLAMONEY when its price reaches ₹ 163.78 with a stop-loss order at ₹ 170.40. You can set the target price as ₹ 157.16 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 BIRLAMONEY 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 BIRLAMONEY

Downside Targets Value in ₹
Tomorrow Down Target 1 169
Tomorrow Down Target 2 174
Tomorrow Down Target 3 180

Important Levels for BIRLAMONEY

Holding Levels Value in ₹
Tomorrow Up Target 1 157
Tomorrow Up Target 2 150
Tomorrow Up Target 3 145
Based on where the stock opens tomorrow, if BIRLAMONEY opens on a positive note, our first target will be ₹169. If Target 1 is achieved, we will aim for Target 2 which is ₹174.

But if BIRLAMONEY falls below the average value of ₹161.88, you can enter a sell side position with target number 1 - ₹157 and second target - ₹150 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 BIRLAMONEY

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

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

Tomorrow's Volume based share price Forecast for BIRLAMONEY

BIRLAMONEY'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 -38%.

Reversal detection for BIRLAMONEY

Predicted trend chart of BIRLAMONEY tomorrow for price forecast
BIRLAMONEY may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹167 in morning tomorrow
Target 1 tomorrow166
Target 2 tomorrow169
Target 3 tomorrow174
 

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 BIRLAMONEY'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 BIRLAMONEY opens on a positive note, our first target will be ₹168.65. If Target 1 is achieved, we will aim for Target 2 which is ₹173.53.

But if BIRLAMONEY falls below the average value of ₹161.88, you can enter a sell side position with target number 1 - ₹157.00 and second target - ₹150.23

BIRLAMONEY's Weekly Targets
1st Up Target 172.35
2nd Up Target 180.93
1st Down Target 155.15
2nd Down Target 146.53

As the week for BIRLAMONEY ended on bearish sentiments, we can expect further continuation of this sentiment. BIRLAMONEY's initial target will be 172.35 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 155.15 in the upcoming week.

Weekly OHLC Values
Open 169.70
High 172.30
Low 155.10
Close 163.78

Week for BIRLAMONEY started with an open price of 169.70, and the close was at 163.78. BIRLAMONEY reached the highest of 172.30 and dipped lowest up to 155.10 last week. This indicates a bearish sentiment for the week.

BIRLAMONEY full month swing targets
Monthly Up Target 1 189.55
Monthly Up Target 2 198.13
Monthly Down Target 1 137.95
Monthly Down Target 2 112.13

Targets of ₹189.55 can be expected to be reached in the coming month. Once BIRLAMONEY achieved this target, we can aim for the next upside target of ₹198.13.

BIRLAMONEY if fails to hold upside, down targets of ₹137.95 and ₹112.13 can be achieved by end of this month.

For complete three weeks if BIRLAMONEY 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 BIRLAMONEY

Symbol Name Industry
HDFCBANK HDFC Bank Limited Banks - Regional
ICICIBANK ICICI Bank Limited Banks - Regional
SBIN State Bank of India Banks - Regional
LICI Life Insurance Corporation Of India Insurance - Life
BAJFINANCE Bajaj Finance Limited Credit Services

Summary

BIRLAMONEY is expected to reach the target of 168.65 in tomorrow's trading session.

After achieving the initial target in BIRLAMONEY, we will aim for higher targets of 173.53 tomorrow.

However, if BIRLAMONEY starts to trade below ₹161.88, then we will shift our focus to the sell side and aim for down targets of 157.00 and 150.23.