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

Brooks Laboratories Limited

Symbol: NSE:BROOKS

ISIN: INE650L01011

105.40

As on 2024-04-12

57.50 (52W Low) 185.70 (52W High)

BROOKS's Today's Performance

Brooks Laboratories Limited started the day by opening at 107.00 today 2024-04-12. Its shares reached a high of 107.00 and dipped to a low of 105.40 in intraday. When the markets closed, BROOKS’s stock price settled at ₹105.40 per share. Also check out its key support and resistance levels.

BROOKS Buy/Sell Targets

Tomorrow, sell BROOKS when its price reaches ₹ 105.40 with a stop-loss order at ₹ 105.67. You can set the target price as ₹ 105.13 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 BROOKS 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 BROOKS

Resistance Levels Value in ₹
Tomorrow Resistance 1 106
Tomorrow Resistance 2 108
Tomorrow Resistance 3 108

Important Supports for BROOKS

Support Levels Value in ₹
Tomorrow Support 1 105
Tomorrow Support 2 104
Tomorrow Support 3 103
Based on where the stock opens tomorrow, if BROOKS opens on a positive note, our first target will be ₹106. If Target 1 is achieved, we will aim for Target 2 which is ₹108.

But if BROOKS falls below the average value of ₹105.93, you can enter a sell side position with target number 1 - ₹105 and second target - ₹104 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 BROOKS

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

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

Tomorrow's Volume based share price Forecast for BROOKS

BROOKS's Volume is currently in a Decreasing 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 -65%.

Reversal detection for BROOKS

Predicted trend chart of BROOKS tomorrow for price forecast
BROOKS may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹108 in morning tomorrow
Target 1 tomorrow107
Target 2 tomorrow107
Target 3 tomorrow108
 

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 BROOKS'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 BROOKS opens on a positive note, our first target will be ₹106.47. If Target 1 is achieved, we will aim for Target 2 which is ₹107.53.

But if BROOKS falls below the average value of ₹105.93, you can enter a sell side position with target number 1 - ₹104.87 and second target - ₹104.33

BROOKS's Weekly Targets
1st Up Target 111.07
2nd Up Target 116.73
1st Down Target 102.57
2nd Down Target 99.73

As the week for BROOKS ended on bearish sentiments, we can expect further continuation of this sentiment. BROOKS's initial target will be 111.07 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 102.57 in the upcoming week.

Weekly OHLC Values
Open 111.95
High 113.90
Low 105.40
Close 105.40

Week for BROOKS started with an open price of 111.95, and the close was at 105.40. BROOKS reached the highest of 113.90 and dipped lowest up to 105.40 last week. This indicates a bearish sentiment for the week.

BROOKS full month swing targets
Monthly Up Target 1 119.57
Monthly Up Target 2 125.23
Monthly Down Target 1 94.07
Monthly Down Target 2 82.73

Targets of ₹119.57 can be expected to be reached in the coming month. Once BROOKS achieved this target, we can aim for the next upside target of ₹125.23.

BROOKS if fails to hold upside, down targets of ₹94.07 and ₹82.73 can be achieved by end of this month.

For complete three weeks if BROOKS 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 BROOKS

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

BROOKS is expected to reach the target of 106.47 in tomorrow's trading session.

After achieving the initial target in BROOKS, we will aim for higher targets of 107.53 tomorrow.

However, if BROOKS starts to trade below ₹105.93, then we will shift our focus to the sell side and aim for down targets of 104.87 and 104.33.