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

CIE Automotive India Limited

Symbol: NSE:CIEINDIA

ISIN: INE536H01010

580.05

As on 2024-06-13

406.80 (52W Low) 586.90 (52W High)

CIEINDIA's Today's Performance

CIE Automotive India Limited started the day by opening at 581.00 today 2024-06-13. Its shares reached a high of 585.00 and dipped to a low of 575.00 in intraday. When the markets closed, CIEINDIA’s stock price settled at ₹580.05 per share. Also check out its key support and resistance levels.

CIEINDIA Buy/Sell Targets

Tomorrow, sell CIEINDIA when its price reaches ₹ 580.05 with a stop-loss order at ₹ 587.68. You can set the target price as ₹ 572.42 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 CIEINDIA 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 CIEINDIA

Downside Targets Value in ₹
Tomorrow Down Target 1 585
Tomorrow Down Target 2 590
Tomorrow Down Target 3 595

Important Levels for CIEINDIA

Holding Levels Value in ₹
Tomorrow Up Target 1 575
Tomorrow Up Target 2 570
Tomorrow Up Target 3 565
Based on where the stock opens tomorrow, if CIEINDIA opens on a positive note, our first target will be ₹585. If Target 1 is achieved, we will aim for Target 2 which is ₹590.

But if CIEINDIA falls below the average value of ₹580.02, you can enter a sell side position with target number 1 - ₹575 and second target - ₹570 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 CIEINDIA

Looking at CIEINDIA, we've seen a Increasing 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, CIEINDIA has been on a Upward path, giving us insights how its value changes in the market.

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

Tomorrow's Volume based share price Forecast for CIEINDIA

CIEINDIA's Volume is currently in a Increasing 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 -54%.

Reversal detection for CIEINDIA

Predicted trend chart of CIEINDIA tomorrow for price forecast
CIEINDIA may trend may continue to be bearish since stock is making lower low and we can get target of ₹577 in morning tomorrow
Target 1 tomorrow584
Target 2 tomorrow586
Target 3 tomorrow590
 

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 CIEINDIA'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 CIEINDIA opens on a positive note, our first target will be ₹585.03. If Target 1 is achieved, we will aim for Target 2 which is ₹590.02.

But if CIEINDIA falls below the average value of ₹580.02, you can enter a sell side position with target number 1 - ₹575.03 and second target - ₹570.02

CIEINDIA's Weekly Targets
1st Up Target 594.07
2nd Up Target 608.08
1st Down Target 558.87
2nd Down Target 537.68

As the week for CIEINDIA ended on bullish sentiments, we can expect further continuation of this sentiment. CIEINDIA's initial target will be 594.07 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 558.87 in the upcoming week.

Weekly OHLC Values
Open 553.30
High 586.90
Low 551.70
Close 580.05

Week for CIEINDIA started with an open price of 553.30, and the close was at 580.05. CIEINDIA reached the highest of 586.90 and dipped lowest up to 551.70 last week. This indicates a bullish sentiment for the week.

CIEINDIA full month swing targets
Monthly Up Target 1 629.27
Monthly Up Target 2 643.28
Monthly Down Target 1 523.67
Monthly Down Target 2 467.28

Targets of ₹629.27 can be expected to be reached in the coming month. Once CIEINDIA achieved this target, we can aim for the next upside target of ₹643.28.

CIEINDIA if fails to hold upside, down targets of ₹523.67 and ₹467.28 can be achieved by end of this month.

For complete three weeks if CIEINDIA 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 CIEINDIA

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

CIEINDIA is expected to reach the target of 585.03 in tomorrow's trading session.

After achieving the initial target in CIEINDIA, we will aim for higher targets of 590.02 tomorrow.

However, if CIEINDIA starts to trade below ₹580.02, then we will shift our focus to the sell side and aim for down targets of 575.03 and 570.02.