Price and trend forecast of CINELINE for Tomorrow, Weekly, Monthly
Cineline India Limited
Symbol: NSE:CINELINE
ISIN: INE704H01022
128.15
As on 2024-07-26
CINELINE's Today's Performance
Cineline India Limited started the day by opening at 120.30 today 2024-07-26. Its shares reached a high of 132.98 and dipped to a low of 120.30 in intraday. When the markets closed, CINELINE’s stock price settled at ₹128.15 per share. Also check out its key support and resistance levels.
CINELINE Buy/Sell Targets
Tomorrow, buy CINELINE when its price reaches ₹ 128.15 with a stop-loss order at ₹ 124.31. You can set the target price as ₹ 131.99 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 CINELINE 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 CINELINE
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 134 |
| Tomorrow Down Target 2 | 140 |
| Tomorrow Down Target 3 | 147 |
Important Levels for CINELINE
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 121 |
| Tomorrow Up Target 2 | 114 |
| Tomorrow Up Target 3 | 109 |
Based on where the stock opens tomorrow, if CINELINE opens on a positive note, our first target will be ₹134. If Target 1 is achieved, we will aim for Target 2 which is ₹140.
But if CINELINE falls below the average value of ₹127.14, you can enter a sell side position with target number 1 - ₹121 and second target - ₹114 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 CINELINE
Looking at CINELINE, 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, CINELINE has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for CINELINE is moderate bearish.
Tomorrow's Volume based share price Forecast for CINELINE
CINELINE'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 -20%.
Reversal detection for CINELINE
CINELINE may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹127 in morning tomorrow
| Target 1 tomorrow | 132 |
| Target 2 tomorrow | 135 |
| Target 3 tomorrow | 140 |
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 CINELINE'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 CINELINE opens on a positive note, our first target will be ₹133.99. If Target 1 is achieved, we will aim for Target 2 which is ₹139.82.
But if CINELINE falls below the average value of ₹127.14, you can enter a sell side position with target number 1 - ₹121.31 and second target - ₹114.46
CINELINE's Weekly Targets
| 1st Up Target | 139.22 |
| 2nd Up Target | 150.29 |
| 1st Down Target | 112.04 |
| 2nd Down Target | 95.93 |
As the week for CINELINE ended on bearish sentiments, we can expect further continuation of this sentiment. CINELINE's initial target will be 139.22 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 112.04 in the upcoming week.
Weekly OHLC Values
| Open | 131.40 |
| High | 134.18 |
| Low | 107.00 |
| Close | 128.15 |
Week for CINELINE started with an open price of 131.40, and the close was at 128.15. CINELINE reached the highest of 134.18 and dipped lowest up to 107.00 last week. This indicates a bearish sentiment for the week.
CINELINE full month swing targets
| Monthly Up Target 1 | 166.40 |
| Monthly Up Target 2 | 177.47 |
| Monthly Down Target 1 | 84.86 |
| Monthly Down Target 2 | 41.57 |
Targets of ₹166.40 can be expected to be reached in the coming month. Once CINELINE achieved this target, we can aim for the next upside target of ₹177.47.
CINELINE if fails to hold upside, down targets of ₹84.86 and ₹41.57 can be achieved by end of this month.
For complete three weeks if CINELINE 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 CINELINE
| Symbol | Name | Industry |
|---|---|---|
| DLF | DLF Limited | Real Estate - Development |
| LODHA | Macrotech Developers Limited | Real Estate - Development |
| GODREJPROP | Godrej Properties Limited | Real Estate - Development |
| OBEROIRLTY | Oberoi Realty Limited | Real Estate - Development |
| PHOENIXLTD | The Phoenix Mills Limited | Real Estate - Diversified |
Summary
CINELINE is expected to reach the target of 133.99 in tomorrow's trading session.
After achieving the initial target in CINELINE, we will aim for higher targets of 139.82 tomorrow.
However, if CINELINE starts to trade below ₹127.14, then we will shift our focus to the sell side and aim for down targets of 121.31 and 114.46.