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

Consolidated Finvest & Holdings Limited

Symbol: NSE:CONSOFINVT

ISIN: INE025A01027

243.20

As on 2024-04-12

103.10 (52W Low) 346.95 (52W High)

CONSOFINVT's Today's Performance

Consolidated Finvest & Holdings Limited started the day by opening at 253.00 today 2024-04-12. Its shares reached a high of 253.00 and dipped to a low of 242.00 in intraday. When the markets closed, CONSOFINVT’s stock price settled at ₹243.20 per share. Also check out its key support and resistance levels.

CONSOFINVT Buy/Sell Targets

Tomorrow, sell CONSOFINVT when its price reaches ₹ 243.20 with a stop-loss order at ₹ 248.94. You can set the target price as ₹ 237.46 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 CONSOFINVT 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 CONSOFINVT

Resistance Levels Value in ₹
Tomorrow Resistance 1 250
Tomorrow Resistance 2 257
Tomorrow Resistance 3 261

Important Supports for CONSOFINVT

Support Levels Value in ₹
Tomorrow Support 1 239
Tomorrow Support 2 235
Tomorrow Support 3 228
Based on where the stock opens tomorrow, if CONSOFINVT opens on a positive note, our first target will be ₹250. If Target 1 is achieved, we will aim for Target 2 which is ₹257.

But if CONSOFINVT falls below the average value of ₹246.07, you can enter a sell side position with target number 1 - ₹239 and second target - ₹235 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 CONSOFINVT

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

Based on this, the predicted sentiment for CONSOFINVT is moderate bearish.

Tomorrow's Volume based share price Forecast for CONSOFINVT

CONSOFINVT's Volume is currently in a Decreasing 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 160%.

Reversal detection for CONSOFINVT

Predicted trend chart of CONSOFINVT tomorrow for price forecast
CONSOFINVT may trend may continue to be bearish since stock is making lower low and we can get target of ₹245 in morning tomorrow
Target 1 tomorrow250
Target 2 tomorrow253
Target 3 tomorrow257
 

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 CONSOFINVT'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 CONSOFINVT opens on a positive note, our first target will be ₹250.13. If Target 1 is achieved, we will aim for Target 2 which is ₹257.07.

But if CONSOFINVT falls below the average value of ₹246.07, you can enter a sell side position with target number 1 - ₹239.13 and second target - ₹235.07

CONSOFINVT's Weekly Targets
1st Up Target 255.25
2nd Up Target 267.30
1st Down Target 235.60
2nd Down Target 228.00

As the week for CONSOFINVT ended on bearish sentiments, we can expect further continuation of this sentiment. CONSOFINVT's initial target will be 255.25 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 235.60 in the upcoming week.

Weekly OHLC Values
Open 259.70
High 259.70
Low 240.05
Close 243.20

Week for CONSOFINVT started with an open price of 259.70, and the close was at 243.20. CONSOFINVT reached the highest of 259.70 and dipped lowest up to 240.05 last week. This indicates a bearish sentiment for the week.

CONSOFINVT full month swing targets
Monthly Up Target 1 274.90
Monthly Up Target 2 286.95
Monthly Down Target 1 215.95
Monthly Down Target 2 188.70

Targets of ₹274.90 can be expected to be reached in the coming month. Once CONSOFINVT achieved this target, we can aim for the next upside target of ₹286.95.

CONSOFINVT if fails to hold upside, down targets of ₹215.95 and ₹188.70 can be achieved by end of this month.

For complete three weeks if CONSOFINVT 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

CONSOFINVT is expected to reach the target of 250.13 in tomorrow's trading session.

After achieving the initial target in CONSOFINVT, we will aim for higher targets of 257.07 tomorrow.

However, if CONSOFINVT starts to trade below ₹246.07, then we will shift our focus to the sell side and aim for down targets of 239.13 and 235.07.