Price and trend forecast of CIEINDIA for Tomorrow, Weekly, Monthly
CIE Automotive India Limited
Symbol: NSE:CIEINDIA
ISIN: INE536H01010
589.00
As on 2024-07-26
CIEINDIA's Today's Performance
CIE Automotive India Limited started the day by opening at 587.00 today 2024-07-26. Its shares reached a high of 599.00 and dipped to a low of 580.00 in intraday. When the markets closed, CIEINDIA’s stock price settled at ₹589.00 per share. Also check out its key support and resistance levels.
CIEINDIA Buy/Sell Targets
Tomorrow, buy CIEINDIA when its price reaches ₹ 589.00 with a stop-loss order at ₹ 582.36. You can set the target price as ₹ 595.64 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 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 | 599 |
| Tomorrow Down Target 2 | 608 |
| Tomorrow Down Target 3 | 618 |
Important Levels for CIEINDIA
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 580 |
| Tomorrow Up Target 2 | 570 |
| Tomorrow Up Target 3 | 561 |
Based on where the stock opens tomorrow, if CIEINDIA opens on a positive note, our first target will be ₹599. If Target 1 is achieved, we will aim for Target 2 which is ₹608.
But if CIEINDIA falls below the average value of ₹589.33, you can enter a sell side position with target number 1 - ₹580 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 Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for CIEINDIA is moderate bearish.
Tomorrow's Volume based share price Forecast for CIEINDIA
CIEINDIA's Volume is currently in a Increasing 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 -54%.
Reversal detection for CIEINDIA
CIEINDIA may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹585 in morning tomorrow
| Target 1 tomorrow | 597 |
| Target 2 tomorrow | 601 |
| Target 3 tomorrow | 608 |
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 ₹598.67. If Target 1 is achieved, we will aim for Target 2 which is ₹608.33.
But if CIEINDIA falls below the average value of ₹589.33, you can enter a sell side position with target number 1 - ₹579.67 and second target - ₹570.33
CIEINDIA's Weekly Targets
| 1st Up Target | 607.00 |
| 2nd Up Target | 625.00 |
| 1st Down Target | 563.00 |
| 2nd Down Target | 537.00 |
As the week for CIEINDIA ended on bullish sentiments, we can expect further continuation of this sentiment. CIEINDIA's initial target will be 607.00 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 563.00 in the upcoming week.
Weekly OHLC Values
| Open | 582.00 |
| High | 599.00 |
| Low | 555.00 |
| Close | 589.00 |
Week for CIEINDIA started with an open price of 582.00, and the close was at 589.00. CIEINDIA reached the highest of 599.00 and dipped lowest up to 555.00 last week. This indicates a bullish sentiment for the week.
CIEINDIA full month swing targets
| Monthly Up Target 1 | 651.00 |
| Monthly Up Target 2 | 669.00 |
| Monthly Down Target 1 | 519.00 |
| Monthly Down Target 2 | 449.00 |
Targets of ₹651.00 can be expected to be reached in the coming month. Once CIEINDIA achieved this target, we can aim for the next upside target of ₹669.00.
CIEINDIA if fails to hold upside, down targets of ₹519.00 and ₹449.00 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 598.67 in tomorrow's trading session.
After achieving the initial target in CIEINDIA, we will aim for higher targets of 608.33 tomorrow.
However, if CIEINDIA starts to trade below ₹589.33, then we will shift our focus to the sell side and aim for down targets of 579.67 and 570.33.