Price and trend forecast of CROMPTON for Tomorrow, Weekly, Monthly
Crompton Greaves Consumer Electricals Limited
Symbol: NSE:CROMPTON
ISIN: INE299U01018
463.40
As on 2024-09-06
CROMPTON's Today's Performance
Crompton Greaves Consumer Electricals Limited started the day by opening at 470.00 today 2024-09-06. Its shares reached a high of 472.70 and dipped to a low of 461.15 in intraday. When the markets closed, CROMPTON’s stock price settled at ₹463.40 per share. Also check out its key support and resistance levels.
CROMPTON Buy/Sell Targets
Tomorrow, sell CROMPTON when its price reaches ₹ 463.40 with a stop-loss order at ₹ 468.97. You can set the target price as ₹ 457.83 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 CROMPTON 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 CROMPTON
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 470 |
| Tomorrow Down Target 2 | 477 |
| Tomorrow Down Target 3 | 482 |
Important Levels for CROMPTON
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 459 |
| Tomorrow Up Target 2 | 454 |
| Tomorrow Up Target 3 | 447 |
Based on where the stock opens tomorrow, if CROMPTON opens on a positive note, our first target will be ₹470. If Target 1 is achieved, we will aim for Target 2 which is ₹477.
But if CROMPTON falls below the average value of ₹465.75, you can enter a sell side position with target number 1 - ₹459 and second target - ₹454 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 CROMPTON
Looking at CROMPTON, 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, CROMPTON has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for CROMPTON is moderate bullish.
Tomorrow's Volume based share price Forecast for CROMPTON
CROMPTON'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 -57%.
Reversal detection for CROMPTON
CROMPTON may trend may continue to be bearish since stock is making lower low and we can get target of ₹469 in morning tomorrow
| Target 1 tomorrow | 470 |
| Target 2 tomorrow | 473 |
| Target 3 tomorrow | 477 |
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 CROMPTON'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 CROMPTON opens on a positive note, our first target will be ₹470.35. If Target 1 is achieved, we will aim for Target 2 which is ₹477.30.
But if CROMPTON falls below the average value of ₹465.75, you can enter a sell side position with target number 1 - ₹458.80 and second target - ₹454.20
CROMPTON's Weekly Targets
| 1st Up Target | 478.00 |
| 2nd Up Target | 492.60 |
| 1st Down Target | 454.80 |
| 2nd Down Target | 446.20 |
As the week for CROMPTON ended on bearish sentiments, we can expect further continuation of this sentiment. CROMPTON's initial target will be 478.00 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 454.80 in the upcoming week.
Weekly OHLC Values
| Open | 481.00 |
| High | 484.00 |
| Low | 460.80 |
| Close | 463.40 |
Week for CROMPTON started with an open price of 481.00, and the close was at 463.40. CROMPTON reached the highest of 484.00 and dipped lowest up to 460.80 last week. This indicates a bearish sentiment for the week.
CROMPTON full month swing targets
| Monthly Up Target 1 | 501.20 |
| Monthly Up Target 2 | 515.80 |
| Monthly Down Target 1 | 431.60 |
| Monthly Down Target 2 | 399.80 |
Targets of ₹501.20 can be expected to be reached in the coming month. Once CROMPTON achieved this target, we can aim for the next upside target of ₹515.80.
CROMPTON if fails to hold upside, down targets of ₹431.60 and ₹399.80 can be achieved by end of this month.
For complete three weeks if CROMPTON 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 CROMPTON
| 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
CROMPTON is expected to reach the target of 470.35 in tomorrow's trading session.
After achieving the initial target in CROMPTON, we will aim for higher targets of 477.30 tomorrow.
However, if CROMPTON starts to trade below ₹465.75, then we will shift our focus to the sell side and aim for down targets of 458.80 and 454.20.