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

Creative Newtech Limited

Symbol: NSE:CREATIVE

ISIN: INE985W01018

758.90

As on 2024-04-16

358.30 (52W Low) 915.00 (52W High)

CREATIVE's Today's Performance

Creative Newtech Limited started the day by opening at 776.20 today 2024-04-16. Its shares reached a high of 788.80 and dipped to a low of 750.40 in intraday. When the markets closed, CREATIVE’s stock price settled at ₹758.90 per share. Also check out its key support and resistance levels.

CREATIVE Buy/Sell Targets

Tomorrow, sell CREATIVE when its price reaches ₹ 758.90 with a stop-loss order at ₹ 778.88. You can set the target price as ₹ 738.93 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 CREATIVE 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 CREATIVE

Resistance Levels Value in ₹
Tomorrow Resistance 1 782
Tomorrow Resistance 2 804
Tomorrow Resistance 3 820

Important Supports for CREATIVE

Support Levels Value in ₹
Tomorrow Support 1 743
Tomorrow Support 2 728
Tomorrow Support 3 705
Based on where the stock opens tomorrow, if CREATIVE opens on a positive note, our first target will be ₹782. If Target 1 is achieved, we will aim for Target 2 which is ₹804.

But if CREATIVE falls below the average value of ₹766.03, you can enter a sell side position with target number 1 - ₹743 and second target - ₹728 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 CREATIVE

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

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

Tomorrow's Volume based share price Forecast for CREATIVE

CREATIVE'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 89%.

Reversal detection for CREATIVE

Predicted trend chart of CREATIVE tomorrow for price forecast
CREATIVE may trend may continue to be bearish since stock is making lower low and we can get target of ₹776 in morning tomorrow
Target 1 tomorrow781
Target 2 tomorrow790
Target 3 tomorrow804
 

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 CREATIVE'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 CREATIVE opens on a positive note, our first target will be ₹781.67. If Target 1 is achieved, we will aim for Target 2 which is ₹804.43.

But if CREATIVE falls below the average value of ₹766.03, you can enter a sell side position with target number 1 - ₹743.27 and second target - ₹727.63

CREATIVE's Weekly Targets
1st Up Target 789.73
2nd Up Target 820.57
1st Down Target 737.08
2nd Down Target 715.27

As the week for CREATIVE ended on bullish sentiments, we can expect further continuation of this sentiment. CREATIVE's initial target will be 789.73 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 737.08 in the upcoming week.

Weekly OHLC Values
Open 748.50
High 798.75
Low 746.10
Close 758.90

Week for CREATIVE started with an open price of 748.50, and the close was at 758.90. CREATIVE reached the highest of 798.75 and dipped lowest up to 746.10 last week. This indicates a bullish sentiment for the week.

CREATIVE full month swing targets
Monthly Up Target 1 842.38
Monthly Up Target 2 873.22
Monthly Down Target 1 684.43
Monthly Down Target 2 609.97

Targets of ₹842.38 can be expected to be reached in the coming month. Once CREATIVE achieved this target, we can aim for the next upside target of ₹873.22.

CREATIVE if fails to hold upside, down targets of ₹684.43 and ₹609.97 can be achieved by end of this month.

For complete three weeks if CREATIVE 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 CREATIVE

Symbol Name Industry
TCS Tata Consultancy Services Limited Information Technology Services
INFY Infosys Limited Information Technology Services
CYIENTDLM Cyient DLM Limited Electronic Components
HCLTECH HCL Technologies Limited Information Technology Services
IDEAFORGE ideaForge Technology Limited Computer Hardware

Summary

CREATIVE is expected to reach the target of 781.67 in tomorrow's trading session.

After achieving the initial target in CREATIVE, we will aim for higher targets of 804.43 tomorrow.

However, if CREATIVE starts to trade below ₹766.03, then we will shift our focus to the sell side and aim for down targets of 743.27 and 727.63.