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

Capri Global Capital Limited

Symbol: NSE:CGCL

ISIN: INE180C01026

239.25

As on 2024-04-16

195.55 (52W Low) 524.50 (52W High)

CGCL's Today's Performance

Capri Global Capital Limited started the day by opening at 240.00 today 2024-04-16. Its shares reached a high of 244.75 and dipped to a low of 225.00 in intraday. When the markets closed, CGCL’s stock price settled at ₹239.25 per share. Also check out its key support and resistance levels.

CGCL Buy/Sell Targets

Tomorrow, sell CGCL when its price reaches ₹ 239.25 with a stop-loss order at ₹ 251.07. You can set the target price as ₹ 227.43 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 CGCL 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 CGCL

Resistance Levels Value in ₹
Tomorrow Resistance 1 248
Tomorrow Resistance 2 256
Tomorrow Resistance 3 267

Important Supports for CGCL

Support Levels Value in ₹
Tomorrow Support 1 228
Tomorrow Support 2 217
Tomorrow Support 3 208
Based on where the stock opens tomorrow, if CGCL opens on a positive note, our first target will be ₹248. If Target 1 is achieved, we will aim for Target 2 which is ₹256.

But if CGCL falls below the average value of ₹236.33, you can enter a sell side position with target number 1 - ₹228 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 CGCL

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

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

Tomorrow's Volume based share price Forecast for CGCL

CGCL'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 -42%.

Reversal detection for CGCL

Predicted trend chart of CGCL tomorrow for price forecast
CGCL may trend may continue to be bearish since stock is making lower low and we can get target of ₹234 in morning tomorrow
Target 1 tomorrow244
Target 2 tomorrow249
Target 3 tomorrow256
 

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 CGCL'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 CGCL opens on a positive note, our first target will be ₹247.67. If Target 1 is achieved, we will aim for Target 2 which is ₹256.08.

But if CGCL falls below the average value of ₹236.33, you can enter a sell side position with target number 1 - ₹227.92 and second target - ₹216.58

CGCL's Weekly Targets
1st Up Target 257.33
2nd Up Target 275.42
1st Down Target 215.58
2nd Down Target 191.92

As the week for CGCL ended on bullish sentiments, we can expect further continuation of this sentiment. CGCL's initial target will be 257.33 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 215.58 in the upcoming week.

Weekly OHLC Values
Open 210.35
High 251.75
Low 210.00
Close 239.25

Week for CGCL started with an open price of 210.35, and the close was at 239.25. CGCL reached the highest of 251.75 and dipped lowest up to 210.00 last week. This indicates a bullish sentiment for the week.

CGCL full month swing targets
Monthly Up Target 1 299.08
Monthly Up Target 2 317.17
Monthly Down Target 1 173.83
Monthly Down Target 2 108.42

Targets of ₹299.08 can be expected to be reached in the coming month. Once CGCL achieved this target, we can aim for the next upside target of ₹317.17.

CGCL if fails to hold upside, down targets of ₹173.83 and ₹108.42 can be achieved by end of this month.

For complete three weeks if CGCL 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

CGCL is expected to reach the target of 247.67 in tomorrow's trading session.

After achieving the initial target in CGCL, we will aim for higher targets of 256.08 tomorrow.

However, if CGCL starts to trade below ₹236.33, then we will shift our focus to the sell side and aim for down targets of 227.92 and 216.58.