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

Bombay Super Hybrid Seeds Limited

Symbol: NSE:BSHSL

ISIN: INE032Z01020

223.05

As on 2024-04-12

186.70 (52W Low) 402.50 (52W High)

BSHSL's Today's Performance

Bombay Super Hybrid Seeds Limited started the day by opening at 228.95 today 2024-04-12. Its shares reached a high of 228.95 and dipped to a low of 221.35 in intraday. When the markets closed, BSHSL’s stock price settled at ₹223.05 per share. Also check out its key support and resistance levels.

BSHSL Buy/Sell Targets

Tomorrow, sell BSHSL when its price reaches ₹ 223.05 with a stop-loss order at ₹ 229.03. You can set the target price as ₹ 217.08 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 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 BSHSL

Resistance Levels Value in ₹
Tomorrow Resistance 1 228
Tomorrow Resistance 2 232
Tomorrow Resistance 3 235

Important Supports for BSHSL

Support Levels Value in ₹
Tomorrow Support 1 220
Tomorrow Support 2 217
Tomorrow Support 3 212
Based on where the stock opens tomorrow, if BSHSL opens on a positive note, our first target will be ₹228. If Target 1 is achieved, we will aim for Target 2 which is ₹232.

But if BSHSL falls below the average value of ₹224.45, you can enter a sell side position with target number 1 - ₹220 and second target - ₹217 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 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, 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 Decreasing 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 trend may continue to be bearish since stock is making lower low and we can get target of ₹228 in morning tomorrow
Target 1 tomorrow227
Target 2 tomorrow229
Target 3 tomorrow232
 

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 ₹227.55. If Target 1 is achieved, we will aim for Target 2 which is ₹232.05.

But if BSHSL falls below the average value of ₹224.45, you can enter a sell side position with target number 1 - ₹219.95 and second target - ₹216.85

BSHSL's Weekly Targets
1st Up Target 238.58
2nd Up Target 254.12
1st Down Target 214.43
2nd Down Target 205.82

As the week for BSHSL ended on bearish sentiments, we can expect further continuation of this sentiment. BSHSL's initial target will be 238.58 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 214.43 in the upcoming week.

Weekly OHLC Values
Open 239.70
High 245.50
Low 221.35
Close 223.05

Week for BSHSL started with an open price of 239.70, and the close was at 223.05. BSHSL reached the highest of 245.50 and dipped lowest up to 221.35 last week. This indicates a bearish sentiment for the week.

BSHSL full month swing targets
Monthly Up Target 1 262.73
Monthly Up Target 2 278.27
Monthly Down Target 1 190.28
Monthly Down Target 2 157.52

Targets of ₹262.73 can be expected to be reached in the coming month. Once BSHSL achieved this target, we can aim for the next upside target of ₹278.27.

BSHSL if fails to hold upside, down targets of ₹190.28 and ₹157.52 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 227.55 in tomorrow's trading session.

After achieving the initial target in BSHSL, we will aim for higher targets of 232.05 tomorrow.

However, if BSHSL starts to trade below ₹224.45, then we will shift our focus to the sell side and aim for down targets of 219.95 and 216.85.