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

Bliss GVS Pharma Limited

Symbol: NSE:BLISSGVS

ISIN: INE416D01022

115.80

As on 2024-04-24

70.85 (52W Low) 149.60 (52W High)

BLISSGVS's Today's Performance

Bliss GVS Pharma Limited started the day by opening at 114.90 today 2024-04-24. Its shares reached a high of 117.10 and dipped to a low of 113.55 in intraday. When the markets closed, BLISSGVS’s stock price settled at ₹115.80 per share. Also check out its key support and resistance levels.

BLISSGVS Buy/Sell Targets

Tomorrow, buy BLISSGVS when its price reaches ₹ 115.80 with a stop-loss order at ₹ 113.66. You can set the target price as ₹ 117.94 to capture potential gains. This buy 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 BLISSGVS 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 BLISSGVS

Downside Targets Value in ₹
Tomorrow Down Target 1 117
Tomorrow Down Target 2 119
Tomorrow Down Target 3 121

Important Levels for BLISSGVS

Holding Levels Value in ₹
Tomorrow Up Target 1 114
Tomorrow Up Target 2 112
Tomorrow Up Target 3 110
Based on where the stock opens tomorrow, if BLISSGVS opens on a positive note, our first target will be ₹117. If Target 1 is achieved, we will aim for Target 2 which is ₹119.

But if BLISSGVS falls below the average value of ₹115.48, you can enter a sell side position with target number 1 - ₹114 and second target - ₹112 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 BLISSGVS

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

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

Tomorrow's Volume based share price Forecast for BLISSGVS

BLISSGVS'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 -88%.

Reversal detection for BLISSGVS

Predicted trend chart of BLISSGVS tomorrow for price forecast
BLISSGVS may trend may continue to be bullish since stock is making higher highs and we can get target of ₹115 in morning tomorrow
Target 1 tomorrow117
Target 2 tomorrow118
Target 3 tomorrow119
 

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 BLISSGVS'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 BLISSGVS opens on a positive note, our first target will be ₹117.42. If Target 1 is achieved, we will aim for Target 2 which is ₹119.03.

But if BLISSGVS falls below the average value of ₹115.48, you can enter a sell side position with target number 1 - ₹113.87 and second target - ₹111.93

BLISSGVS's Weekly Targets
1st Up Target 118.18
2nd Up Target 120.57
1st Down Target 112.33
2nd Down Target 108.87

As the week for BLISSGVS ended on bullish sentiments, we can expect further continuation of this sentiment. BLISSGVS's initial target will be 118.18 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 112.33 in the upcoming week.

Weekly OHLC Values
Open 111.85
High 117.10
Low 111.25
Close 115.80

Week for BLISSGVS started with an open price of 111.85, and the close was at 115.80. BLISSGVS reached the highest of 117.10 and dipped lowest up to 111.25 last week. This indicates a bullish sentiment for the week.

BLISSGVS full month swing targets
Monthly Up Target 1 124.03
Monthly Up Target 2 126.42
Monthly Down Target 1 106.48
Monthly Down Target 2 97.17

Targets of ₹124.03 can be expected to be reached in the coming month. Once BLISSGVS achieved this target, we can aim for the next upside target of ₹126.42.

BLISSGVS if fails to hold upside, down targets of ₹106.48 and ₹97.17 can be achieved by end of this month.

For complete three weeks if BLISSGVS 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 BLISSGVS

Symbol Name Industry
SUNPHARMA Sun Pharmaceutical Industries Limited Drug Manufacturers - Specialty & Generic
CIPLA Cipla Limited Drug Manufacturers - General
DRREDDY Dr. Reddy's Laboratories Limited Drug Manufacturers - Specialty & Generic
ZYDUSLIFE Zydus Lifesciences Limited Drug Manufacturers - Specialty & Generic
APOLLOHOSP Apollo Hospitals Enterprise Limited Medical Care Facilities

Summary

BLISSGVS is expected to reach the target of 117.42 in tomorrow's trading session.

After achieving the initial target in BLISSGVS, we will aim for higher targets of 119.03 tomorrow.

However, if BLISSGVS starts to trade below ₹115.48, then we will shift our focus to the sell side and aim for down targets of 113.87 and 111.93.