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

Bombay Super Hybrid Seeds Limited

Symbol: NSE:BSHSL

ISIN: INE032Z01020

195.73

As on 2024-07-23

183.00 (52W Low) 304.90 (52W High)

BSHSL's Today's Performance

Bombay Super Hybrid Seeds Limited started the day by opening at 196.01 today 2024-07-23. Its shares reached a high of 208.00 and dipped to a low of 190.64 in intraday. When the markets closed, BSHSL’s stock price settled at ₹195.73 per share. Also check out its key support and resistance levels.

BSHSL Buy/Sell Targets

Tomorrow, sell BSHSL when its price reaches ₹ 195.73 with a stop-loss order at ₹ 200.42. You can set the target price as ₹ 191.04 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 BSHSL 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 BSHSL

Downside Targets Value in ₹
Tomorrow Down Target 1 206
Tomorrow Down Target 2 215
Tomorrow Down Target 3 223

Important Levels for BSHSL

Holding Levels Value in ₹
Tomorrow Up Target 1 188
Tomorrow Up Target 2 181
Tomorrow Up Target 3 171
Based on where the stock opens tomorrow, if BSHSL opens on a positive note, our first target will be ₹206. If Target 1 is achieved, we will aim for Target 2 which is ₹215.

But if BSHSL falls below the average value of ₹198.12, you can enter a sell side position with target number 1 - ₹188 and second target - ₹181 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 BSHSL

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

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

Tomorrow's Volume based share price Forecast for BSHSL

BSHSL's Volume is currently in a Increasing 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 -44%.

Reversal detection for BSHSL

Predicted trend chart of BSHSL tomorrow for price forecast
BSHSL may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹197 in morning tomorrow
Target 1 tomorrow205
Target 2 tomorrow209
Target 3 tomorrow215
 

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 BSHSL'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 BSHSL opens on a positive note, our first target will be ₹205.61. If Target 1 is achieved, we will aim for Target 2 which is ₹215.48.

But if BSHSL falls below the average value of ₹198.12, you can enter a sell side position with target number 1 - ₹188.25 and second target - ₹180.76

BSHSL's Weekly Targets
1st Up Target 205.61
2nd Up Target 215.48
1st Down Target 188.25
2nd Down Target 180.76

As the week for BSHSL ended on bearish sentiments, we can expect further continuation of this sentiment. BSHSL's initial target will be 205.61 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 188.25 in the upcoming week.

Weekly OHLC Values
Open 199.00
High 208.00
Low 190.64
Close 195.73

Week for BSHSL started with an open price of 199.00, and the close was at 195.73. BSHSL reached the highest of 208.00 and dipped lowest up to 190.64 last week. This indicates a bearish sentiment for the week.

BSHSL full month swing targets
Monthly Up Target 1 222.97
Monthly Up Target 2 232.84
Monthly Down Target 1 170.89
Monthly Down Target 2 146.04

Targets of ₹222.97 can be expected to be reached in the coming month. Once BSHSL achieved this target, we can aim for the next upside target of ₹232.84.

BSHSL if fails to hold upside, down targets of ₹170.89 and ₹146.04 can be achieved by end of this month.

For complete three weeks if BSHSL 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.

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Summary

BSHSL is expected to reach the target of 205.61 in tomorrow's trading session.

After achieving the initial target in BSHSL, we will aim for higher targets of 215.48 tomorrow.

However, if BSHSL starts to trade below ₹198.12, then we will shift our focus to the sell side and aim for down targets of 188.25 and 180.76.