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

Cantabil Retail India Limited

Symbol: NSE:CANTABIL

ISIN: INE068L01016

219.20

As on 2024-04-24

180.55 (52W Low) 1,188.60 (52W High)

CANTABIL's Today's Performance

Cantabil Retail India Limited started the day by opening at 218.15 today 2024-04-24. Its shares reached a high of 221.50 and dipped to a low of 212.00 in intraday. When the markets closed, CANTABIL’s stock price settled at ₹219.20 per share. Also check out its key support and resistance levels.

CANTABIL Buy/Sell Targets

Tomorrow, buy CANTABIL when its price reaches ₹ 219.20 with a stop-loss order at ₹ 215.47. You can set the target price as ₹ 222.93 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 CANTABIL 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 CANTABIL

Downside Targets Value in ₹
Tomorrow Down Target 1 223
Tomorrow Down Target 2 227
Tomorrow Down Target 3 233

Important Levels for CANTABIL

Holding Levels Value in ₹
Tomorrow Up Target 1 214
Tomorrow Up Target 2 208
Tomorrow Up Target 3 204
Based on where the stock opens tomorrow, if CANTABIL opens on a positive note, our first target will be ₹223. If Target 1 is achieved, we will aim for Target 2 which is ₹227.

But if CANTABIL falls below the average value of ₹217.57, you can enter a sell side position with target number 1 - ₹214 and second target - ₹208 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 CANTABIL

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

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

Tomorrow's Volume based share price Forecast for CANTABIL

CANTABIL'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 -45%.

Reversal detection for CANTABIL

Predicted trend chart of CANTABIL tomorrow for price forecast
CANTABIL may trend may continue to be bullish since stock is making higher highs and we can get target of ₹216 in morning tomorrow
Target 1 tomorrow221
Target 2 tomorrow223
Target 3 tomorrow227
 

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 CANTABIL'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 CANTABIL opens on a positive note, our first target will be ₹223.13. If Target 1 is achieved, we will aim for Target 2 which is ₹227.07.

But if CANTABIL falls below the average value of ₹217.57, you can enter a sell side position with target number 1 - ₹213.63 and second target - ₹208.07

CANTABIL's Weekly Targets
1st Up Target 223.28
2nd Up Target 227.37
1st Down Target 213.33
2nd Down Target 207.47

As the week for CANTABIL ended on bullish sentiments, we can expect further continuation of this sentiment. CANTABIL's initial target will be 223.28 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 213.33 in the upcoming week.

Weekly OHLC Values
Open 215.40
High 221.50
Low 211.55
Close 219.20

Week for CANTABIL started with an open price of 215.40, and the close was at 219.20. CANTABIL reached the highest of 221.50 and dipped lowest up to 211.55 last week. This indicates a bullish sentiment for the week.

CANTABIL full month swing targets
Monthly Up Target 1 233.23
Monthly Up Target 2 237.32
Monthly Down Target 1 203.38
Monthly Down Target 2 187.57

Targets of ₹233.23 can be expected to be reached in the coming month. Once CANTABIL achieved this target, we can aim for the next upside target of ₹237.32.

CANTABIL if fails to hold upside, down targets of ₹203.38 and ₹187.57 can be achieved by end of this month.

For complete three weeks if CANTABIL 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 CANTABIL

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

CANTABIL is expected to reach the target of 223.13 in tomorrow's trading session.

After achieving the initial target in CANTABIL, we will aim for higher targets of 227.07 tomorrow.

However, if CANTABIL starts to trade below ₹217.57, then we will shift our focus to the sell side and aim for down targets of 213.63 and 208.07.