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

Century Enka Limited

Symbol: NSE:CENTENKA

ISIN: INE485A01015

556.90

As on 2024-07-24

377.75 (52W Low) 666.00 (52W High)

CENTENKA's Today's Performance

Century Enka Limited started the day by opening at 548.00 today 2024-07-24. Its shares reached a high of 565.00 and dipped to a low of 545.55 in intraday. When the markets closed, CENTENKA’s stock price settled at ₹556.90 per share. Also check out its key support and resistance levels.

CENTENKA Buy/Sell Targets

Tomorrow, buy CENTENKA when its price reaches ₹ 556.90 with a stop-loss order at ₹ 547.08. You can set the target price as ₹ 566.72 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 CENTENKA 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 CENTENKA

Downside Targets Value in ₹
Tomorrow Down Target 1 566
Tomorrow Down Target 2 575
Tomorrow Down Target 3 586

Important Levels for CENTENKA

Holding Levels Value in ₹
Tomorrow Up Target 1 547
Tomorrow Up Target 2 536
Tomorrow Up Target 3 527
Based on where the stock opens tomorrow, if CENTENKA opens on a positive note, our first target will be ₹566. If Target 1 is achieved, we will aim for Target 2 which is ₹575.

But if CENTENKA falls below the average value of ₹555.82, you can enter a sell side position with target number 1 - ₹547 and second target - ₹536 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 CENTENKA

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

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

Tomorrow's Volume based share price Forecast for CENTENKA

CENTENKA'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 -50%.

Reversal detection for CENTENKA

Predicted trend chart of CENTENKA tomorrow for price forecast
CENTENKA may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹540 in morning tomorrow
Target 1 tomorrow563
Target 2 tomorrow568
Target 3 tomorrow575
 

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 CENTENKA'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 CENTENKA opens on a positive note, our first target will be ₹566.08. If Target 1 is achieved, we will aim for Target 2 which is ₹575.27.

But if CENTENKA falls below the average value of ₹555.82, you can enter a sell side position with target number 1 - ₹546.63 and second target - ₹536.37

CENTENKA's Weekly Targets
1st Up Target 572.02
2nd Up Target 587.13
1st Down Target 534.77
2nd Down Target 512.63

As the week for CENTENKA ended on bearish sentiments, we can expect further continuation of this sentiment. CENTENKA's initial target will be 572.02 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 534.77 in the upcoming week.

Weekly OHLC Values
Open 557.90
High 565.00
Low 527.75
Close 556.90

Week for CENTENKA started with an open price of 557.90, and the close was at 556.90. CENTENKA reached the highest of 565.00 and dipped lowest up to 527.75 last week. This indicates a bearish sentiment for the week.

CENTENKA full month swing targets
Monthly Up Target 1 609.27
Monthly Up Target 2 624.38
Monthly Down Target 1 497.52
Monthly Down Target 2 438.13

Targets of ₹609.27 can be expected to be reached in the coming month. Once CENTENKA achieved this target, we can aim for the next upside target of ₹624.38.

CENTENKA if fails to hold upside, down targets of ₹497.52 and ₹438.13 can be achieved by end of this month.

For complete three weeks if CENTENKA 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

CENTENKA is expected to reach the target of 566.08 in tomorrow's trading session.

After achieving the initial target in CENTENKA, we will aim for higher targets of 575.27 tomorrow.

However, if CENTENKA starts to trade below ₹555.82, then we will shift our focus to the sell side and aim for down targets of 546.63 and 536.37.