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

Century Plyboards (India) Limited

Symbol: NSE:CENTURYPLY

ISIN: INE348B01021

679.65

As on 2024-06-13

594.00 (52W Low) 849.50 (52W High)

CENTURYPLY's Today's Performance

Century Plyboards (India) Limited started the day by opening at 687.00 today 2024-06-13. Its shares reached a high of 687.95 and dipped to a low of 673.35 in intraday. When the markets closed, CENTURYPLY’s stock price settled at ₹679.65 per share. Also check out its key support and resistance levels.

CENTURYPLY Buy/Sell Targets

Tomorrow, sell CENTURYPLY when its price reaches ₹ 679.65 with a stop-loss order at ₹ 686.98. You can set the target price as ₹ 672.33 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 CENTURYPLY 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 CENTURYPLY

Downside Targets Value in ₹
Tomorrow Down Target 1 687
Tomorrow Down Target 2 695
Tomorrow Down Target 3 702

Important Levels for CENTURYPLY

Holding Levels Value in ₹
Tomorrow Up Target 1 673
Tomorrow Up Target 2 666
Tomorrow Up Target 3 658
Based on where the stock opens tomorrow, if CENTURYPLY opens on a positive note, our first target will be ₹687. If Target 1 is achieved, we will aim for Target 2 which is ₹695.

But if CENTURYPLY falls below the average value of ₹680.32, you can enter a sell side position with target number 1 - ₹673 and second target - ₹666 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 CENTURYPLY

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

Based on this, the predicted sentiment for CENTURYPLY is unclear.

Tomorrow's Volume based share price Forecast for CENTURYPLY

CENTURYPLY's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a unclear trend. Volume trend strength over the last month compared to the last week is -0%.

Reversal detection for CENTURYPLY

Predicted trend chart of CENTURYPLY tomorrow for price forecast
CENTURYPLY may trend may continue to be bearish since stock is making lower low and we can get target of ₹684 in morning tomorrow
Target 1 tomorrow686
Target 2 tomorrow689
Target 3 tomorrow695
 

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 CENTURYPLY'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 CENTURYPLY opens on a positive note, our first target will be ₹687.28. If Target 1 is achieved, we will aim for Target 2 which is ₹694.92.

But if CENTURYPLY falls below the average value of ₹680.32, you can enter a sell side position with target number 1 - ₹672.68 and second target - ₹665.72

CENTURYPLY's Weekly Targets
1st Up Target 701.98
2nd Up Target 724.32
1st Down Target 665.33
2nd Down Target 651.02

As the week for CENTURYPLY ended on bearish sentiments, we can expect further continuation of this sentiment. CENTURYPLY's initial target will be 701.98 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 665.33 in the upcoming week.

Weekly OHLC Values
Open 690.10
High 710.00
Low 673.35
Close 679.65

Week for CENTURYPLY started with an open price of 690.10, and the close was at 679.65. CENTURYPLY reached the highest of 710.00 and dipped lowest up to 673.35 last week. This indicates a bearish sentiment for the week.

CENTURYPLY full month swing targets
Monthly Up Target 1 738.63
Monthly Up Target 2 760.97
Monthly Down Target 1 628.68
Monthly Down Target 2 577.72

Targets of ₹738.63 can be expected to be reached in the coming month. Once CENTURYPLY achieved this target, we can aim for the next upside target of ₹760.97.

CENTURYPLY if fails to hold upside, down targets of ₹628.68 and ₹577.72 can be achieved by end of this month.

For complete three weeks if CENTURYPLY 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 CENTURYPLY

Symbol Name Industry
ULTRACEMCO UltraTech Cement Limited Building Materials
ASIANPAINT Asian Paints Limited Specialty Chemicals
JSWSTEEL JSW Steel Limited Steel
TATASTEEL Tata Steel Limited Steel
GRASIM Grasim Industries Limited Building Materials

Summary

CENTURYPLY is expected to reach the target of 687.28 in tomorrow's trading session.

After achieving the initial target in CENTURYPLY, we will aim for higher targets of 694.92 tomorrow.

However, if CENTURYPLY starts to trade below ₹680.32, then we will shift our focus to the sell side and aim for down targets of 672.68 and 665.72.