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

Brigade Enterprises Limited

Symbol: NSE:BRIGADE

ISIN: INE791I01019

1,002.90

As on 2024-04-12

480.55 (52W Low) 1,108.00 (52W High)

BRIGADE's Today's Performance

Brigade Enterprises Limited started the day by opening at 982.00 today 2024-04-12. Its shares reached a high of 1,017.00 and dipped to a low of 981.15 in intraday. When the markets closed, BRIGADE’s stock price settled at ₹1,002.90 per share. Also check out its key support and resistance levels.

BRIGADE Buy/Sell Targets

Tomorrow, buy BRIGADE when its price reaches ₹ 1,002.90 with a stop-loss order at ₹ 987.38. You can set the target price as ₹ 1,018.43 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 BRIGADE 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 BRIGADE

Resistance Levels Value in ₹
Tomorrow Resistance 1 1,020
Tomorrow Resistance 2 1,036
Tomorrow Resistance 3 1,055

Important Supports for BRIGADE

Support Levels Value in ₹
Tomorrow Support 1 984
Tomorrow Support 2 965
Tomorrow Support 3 948
Based on where the stock opens tomorrow, if BRIGADE opens on a positive note, our first target will be ₹1,020. If Target 1 is achieved, we will aim for Target 2 which is ₹1,036.

But if BRIGADE falls below the average value of ₹1,000.35, you can enter a sell side position with target number 1 - ₹984 and second target - ₹965 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 BRIGADE

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

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

Tomorrow's Volume based share price Forecast for BRIGADE

BRIGADE'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 -43%.

Reversal detection for BRIGADE

Predicted trend chart of BRIGADE tomorrow for price forecast
BRIGADE may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹988 in morning tomorrow
Target 1 tomorrow1014
Target 2 tomorrow1023
Target 3 tomorrow1036
 

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 BRIGADE'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 BRIGADE opens on a positive note, our first target will be ₹1,019.55. If Target 1 is achieved, we will aim for Target 2 which is ₹1,036.20.

But if BRIGADE falls below the average value of ₹1,000.35, you can enter a sell side position with target number 1 - ₹983.70 and second target - ₹964.50

BRIGADE's Weekly Targets
1st Up Target 1,027.38
2nd Up Target 1,051.87
1st Down Target 968.03
2nd Down Target 933.17

As the week for BRIGADE ended on bullish sentiments, we can expect further continuation of this sentiment. BRIGADE's initial target will be 1,027.38 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 968.03 in the upcoming week.

Weekly OHLC Values
Open 978.65
High 1,017.00
Low 957.65
Close 1,002.90

Week for BRIGADE started with an open price of 978.65, and the close was at 1,002.90. BRIGADE reached the highest of 1,017.00 and dipped lowest up to 957.65 last week. This indicates a bullish sentiment for the week.

BRIGADE full month swing targets
Monthly Up Target 1 1,086.73
Monthly Up Target 2 1,111.22
Monthly Down Target 1 908.68
Monthly Down Target 2 814.47

Targets of ₹1,086.73 can be expected to be reached in the coming month. Once BRIGADE achieved this target, we can aim for the next upside target of ₹1,111.22.

BRIGADE if fails to hold upside, down targets of ₹908.68 and ₹814.47 can be achieved by end of this month.

For complete three weeks if BRIGADE 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 BRIGADE

Symbol Name Industry
DLF DLF Limited Real Estate - Development
LODHA Macrotech Developers Limited Real Estate - Development
GODREJPROP Godrej Properties Limited Real Estate - Development
OBEROIRLTY Oberoi Realty Limited Real Estate - Development
PHOENIXLTD The Phoenix Mills Limited Real Estate - Diversified

Summary

BRIGADE is expected to reach the target of 1,019.55 in tomorrow's trading session.

After achieving the initial target in BRIGADE, we will aim for higher targets of 1,036.20 tomorrow.

However, if BRIGADE starts to trade below ₹1,000.35, then we will shift our focus to the sell side and aim for down targets of 983.70 and 964.50.