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

Bosch Limited

Symbol: NSE:BOSCHLTD

ISIN: INE323A01026

29,849.40

As on 2024-04-12

17,931.15 (52W Low) 31,400.15 (52W High)

BOSCHLTD's Today's Performance

Bosch Limited started the day by opening at 29,951.35 today 2024-04-12. Its shares reached a high of 30,225.00 and dipped to a low of 29,800.00 in intraday. When the markets closed, BOSCHLTD’s stock price settled at ₹29,849.40 per share. Also check out its key support and resistance levels.

BOSCHLTD Buy/Sell Targets

Tomorrow, buy BOSCHLTD when its price reaches ₹ 29,849.40 with a stop-loss order at ₹ 29,387.73. You can set the target price as ₹ 30,311.07 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 BOSCHLTD 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 BOSCHLTD

Resistance Levels Value in ₹
Tomorrow Resistance 1 30,116
Tomorrow Resistance 2 30,383
Tomorrow Resistance 3 30,541

Important Supports for BOSCHLTD

Support Levels Value in ₹
Tomorrow Support 1 29,691
Tomorrow Support 2 29,533
Tomorrow Support 3 29,266
Based on where the stock opens tomorrow, if BOSCHLTD opens on a positive note, our first target will be ₹30,116. If Target 1 is achieved, we will aim for Target 2 which is ₹30,383.

But if BOSCHLTD falls below the average value of ₹29,958.13, you can enter a sell side position with target number 1 - ₹29,691 and second target - ₹29,533 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 BOSCHLTD

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

Based on this, the predicted sentiment for BOSCHLTD is strong bearish.

Tomorrow's Volume based share price Forecast for BOSCHLTD

BOSCHLTD's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 27%.

Reversal detection for BOSCHLTD

Predicted trend chart of BOSCHLTD tomorrow for price forecast
BOSCHLTD may trend may continue to be bullish since stock is making higher highs and we can get target of ₹29839 in morning tomorrow
Target 1 tomorrow30120
Target 2 tomorrow30221
Target 3 tomorrow30383
 

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 BOSCHLTD'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 BOSCHLTD opens on a positive note, our first target will be ₹30,116.27. If Target 1 is achieved, we will aim for Target 2 which is ₹30,383.13.

But if BOSCHLTD falls below the average value of ₹29,958.13, you can enter a sell side position with target number 1 - ₹29,691.27 and second target - ₹29,533.13

BOSCHLTD's Weekly Targets
1st Up Target 31,041.35
2nd Up Target 32,233.30
1st Down Target 29,016.25
2nd Down Target 28,183.10

As the week for BOSCHLTD ended on bearish sentiments, we can expect further continuation of this sentiment. BOSCHLTD's initial target will be 31,041.35 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 29,016.25 in the upcoming week.

Weekly OHLC Values
Open 30,980.00
High 31,400.15
Low 29,375.05
Close 29,849.40

Week for BOSCHLTD started with an open price of 30,980.00, and the close was at 29,849.40. BOSCHLTD reached the highest of 31,400.15 and dipped lowest up to 29,375.05 last week. This indicates a bearish sentiment for the week.

BOSCHLTD full month swing targets
Monthly Up Target 1 33,066.45
Monthly Up Target 2 34,258.40
Monthly Down Target 1 26,991.15
Monthly Down Target 2 24,132.90

Targets of ₹33,066.45 can be expected to be reached in the coming month. Once BOSCHLTD achieved this target, we can aim for the next upside target of ₹34,258.40.

BOSCHLTD if fails to hold upside, down targets of ₹26,991.15 and ₹24,132.90 can be achieved by end of this month.

For complete three weeks if BOSCHLTD 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 BOSCHLTD

Symbol Name Industry
MARUTI Maruti Suzuki India Limited Auto Manufacturers
TATAMTRDVR Tata Motors Limited Auto Manufacturers
TATAMOTORS Tata Motors Limited Auto Manufacturers
TITAN Titan Company Limited Luxury Goods
BAJAJ-AUTO Bajaj Auto Limited Auto Manufacturers

Summary

BOSCHLTD is expected to reach the target of 30,116.27 in tomorrow's trading session.

After achieving the initial target in BOSCHLTD, we will aim for higher targets of 30,383.13 tomorrow.

However, if BOSCHLTD starts to trade below ₹29,958.13, then we will shift our focus to the sell side and aim for down targets of 29,691.27 and 29,533.13.