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

Career Point Limited

Symbol: NSE:CAREERP

ISIN: INE521J01018

315.90

As on 2024-04-19

174.80 (52W Low) 342.00 (52W High)

CAREERP's Today's Performance

Career Point Limited started the day by opening at 303.10 today 2024-04-19. Its shares reached a high of 320.00 and dipped to a low of 303.10 in intraday. When the markets closed, CAREERP’s stock price settled at ₹315.90 per share. Also check out its key support and resistance levels.

CAREERP Buy/Sell Targets

Tomorrow, sell CAREERP when its price reaches ₹ 315.90 with a stop-loss order at ₹ 322.25. You can set the target price as ₹ 309.55 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 CAREERP 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 CAREERP

Downside Targets Value in ₹
Tomorrow Down Target 1 323
Tomorrow Down Target 2 330
Tomorrow Down Target 3 340

Important Levels for CAREERP

Holding Levels Value in ₹
Tomorrow Up Target 1 306
Tomorrow Up Target 2 296
Tomorrow Up Target 3 289
Based on where the stock opens tomorrow, if CAREERP opens on a positive note, our first target will be ₹323. If Target 1 is achieved, we will aim for Target 2 which is ₹330.

But if CAREERP falls below the average value of ₹313.00, you can enter a sell side position with target number 1 - ₹306 and second target - ₹296 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 CAREERP

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

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

Tomorrow's Volume based share price Forecast for CAREERP

CAREERP'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 CAREERP

Predicted trend chart of CAREERP tomorrow for price forecast
CAREERP may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹317 in morning tomorrow
Target 1 tomorrow319
Target 2 tomorrow323
Target 3 tomorrow330
 

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 CAREERP'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 CAREERP opens on a positive note, our first target will be ₹322.90. If Target 1 is achieved, we will aim for Target 2 which is ₹329.90.

But if CAREERP falls below the average value of ₹313.00, you can enter a sell side position with target number 1 - ₹306.00 and second target - ₹296.10

CAREERP's Weekly Targets
1st Up Target 326.00
2nd Up Target 336.10
1st Down Target 304.45
2nd Down Target 293.00

As the week for CAREERP ended on bullish sentiments, we can expect further continuation of this sentiment. CAREERP's initial target will be 326.00 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 304.45 in the upcoming week.

Weekly OHLC Values
Open 311.40
High 324.65
Low 303.10
Close 315.90

Week for CAREERP started with an open price of 311.40, and the close was at 315.90. CAREERP reached the highest of 324.65 and dipped lowest up to 303.10 last week. This indicates a bullish sentiment for the week.

CAREERP full month swing targets
Monthly Up Target 1 347.55
Monthly Up Target 2 357.65
Monthly Down Target 1 282.90
Monthly Down Target 2 249.90

Targets of ₹347.55 can be expected to be reached in the coming month. Once CAREERP achieved this target, we can aim for the next upside target of ₹357.65.

CAREERP if fails to hold upside, down targets of ₹282.90 and ₹249.90 can be achieved by end of this month.

For complete three weeks if CAREERP 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

CAREERP is expected to reach the target of 322.90 in tomorrow's trading session.

After achieving the initial target in CAREERP, we will aim for higher targets of 329.90 tomorrow.

However, if CAREERP starts to trade below ₹313.00, then we will shift our focus to the sell side and aim for down targets of 306.00 and 296.10.