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

D B Realty Limited

Symbol: NSE:DBREALTY

ISIN: INE879I01012

201.69

As on 2024-06-13

69.15 (52W Low) 284.90 (52W High)

DBREALTY's Today's Performance

D B Realty Limited started the day by opening at 207.00 today 2024-06-13. Its shares reached a high of 207.29 and dipped to a low of 200.60 in intraday. When the markets closed, DBREALTY’s stock price settled at ₹201.69 per share. Also check out its key support and resistance levels.

DBREALTY Buy/Sell Targets

Tomorrow, sell DBREALTY when its price reaches ₹ 201.69 with a stop-loss order at ₹ 206.06. You can set the target price as ₹ 197.32 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 DBREALTY 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 DBREALTY

Downside Targets Value in ₹
Tomorrow Down Target 1 206
Tomorrow Down Target 2 210
Tomorrow Down Target 3 212

Important Levels for DBREALTY

Holding Levels Value in ₹
Tomorrow Up Target 1 199
Tomorrow Up Target 2 197
Tomorrow Up Target 3 192
Based on where the stock opens tomorrow, if DBREALTY opens on a positive note, our first target will be ₹206. If Target 1 is achieved, we will aim for Target 2 which is ₹210.

But if DBREALTY falls below the average value of ₹203.19, you can enter a sell side position with target number 1 - ₹199 and second target - ₹197 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 DBREALTY

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

Based on this, the predicted sentiment for DBREALTY is moderate bullish.

Tomorrow's Volume based share price Forecast for DBREALTY

DBREALTY's Volume is currently in a Decreasing 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 -58%.

Reversal detection for DBREALTY

Predicted trend chart of DBREALTY tomorrow for price forecast
DBREALTY may trend may continue to be bearish since stock is making lower low and we can get target of ₹203 in morning tomorrow
Target 1 tomorrow206
Target 2 tomorrow207
Target 3 tomorrow210
 

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 DBREALTY'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 DBREALTY opens on a positive note, our first target will be ₹205.79. If Target 1 is achieved, we will aim for Target 2 which is ₹209.88.

But if DBREALTY falls below the average value of ₹203.19, you can enter a sell side position with target number 1 - ₹199.10 and second target - ₹196.50

DBREALTY's Weekly Targets
1st Up Target 209.20
2nd Up Target 216.71
1st Down Target 192.27
2nd Down Target 182.85

As the week for DBREALTY ended on bullish sentiments, we can expect further continuation of this sentiment. DBREALTY's initial target will be 209.20 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 192.27 in the upcoming week.

Weekly OHLC Values
Open 198.05
High 207.29
Low 190.36
Close 201.69

Week for DBREALTY started with an open price of 198.05, and the close was at 201.69. DBREALTY reached the highest of 207.29 and dipped lowest up to 190.36 last week. This indicates a bullish sentiment for the week.

DBREALTY full month swing targets
Monthly Up Target 1 226.13
Monthly Up Target 2 233.64
Monthly Down Target 1 175.34
Monthly Down Target 2 148.99

Targets of ₹226.13 can be expected to be reached in the coming month. Once DBREALTY achieved this target, we can aim for the next upside target of ₹233.64.

DBREALTY if fails to hold upside, down targets of ₹175.34 and ₹148.99 can be achieved by end of this month.

For complete three weeks if DBREALTY 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 DBREALTY

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

DBREALTY is expected to reach the target of 205.79 in tomorrow's trading session.

After achieving the initial target in DBREALTY, we will aim for higher targets of 209.88 tomorrow.

However, if DBREALTY starts to trade below ₹203.19, then we will shift our focus to the sell side and aim for down targets of 199.10 and 196.50.