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

Dishman Carbogen Amcis Limited

Symbol: NSE:DCAL

ISIN: INE385W01011

193.45

As on 2024-05-17

113.10 (52W Low) 283.00 (52W High)

DCAL's Today's Performance

Dishman Carbogen Amcis Limited started the day by opening at 199.00 today 2024-05-17. Its shares reached a high of 200.60 and dipped to a low of 192.60 in intraday. When the markets closed, DCAL’s stock price settled at ₹193.45 per share. Also check out its key support and resistance levels.

DCAL Buy/Sell Targets

Tomorrow, sell DCAL when its price reaches ₹ 193.45 with a stop-loss order at ₹ 198.77. You can set the target price as ₹ 188.13 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 DCAL 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 DCAL

Downside Targets Value in ₹
Tomorrow Down Target 1 199
Tomorrow Down Target 2 204
Tomorrow Down Target 3 207

Important Levels for DCAL

Holding Levels Value in ₹
Tomorrow Up Target 1 191
Tomorrow Up Target 2 188
Tomorrow Up Target 3 183
Based on where the stock opens tomorrow, if DCAL opens on a positive note, our first target will be ₹199. If Target 1 is achieved, we will aim for Target 2 which is ₹204.

But if DCAL falls below the average value of ₹195.55, you can enter a sell side position with target number 1 - ₹191 and second target - ₹188 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 DCAL

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

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

Tomorrow's Volume based share price Forecast for DCAL

DCAL'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 -29%.

Reversal detection for DCAL

Predicted trend chart of DCAL tomorrow for price forecast
DCAL may trend may continue to be bearish since stock is making lower low and we can get target of ₹196 in morning tomorrow
Target 1 tomorrow199
Target 2 tomorrow200
Target 3 tomorrow204
 

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 DCAL'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 DCAL opens on a positive note, our first target will be ₹198.50. If Target 1 is achieved, we will aim for Target 2 which is ₹203.55.

But if DCAL falls below the average value of ₹195.55, you can enter a sell side position with target number 1 - ₹190.50 and second target - ₹187.55

DCAL's Weekly Targets
1st Up Target 203.10
2nd Up Target 212.75
1st Down Target 187.10
2nd Down Target 180.75

As the week for DCAL ended on bearish sentiments, we can expect further continuation of this sentiment. DCAL's initial target will be 203.10 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 187.10 in the upcoming week.

Weekly OHLC Values
Open 198.40
High 206.40
Low 190.40
Close 193.45

Week for DCAL started with an open price of 198.40, and the close was at 193.45. DCAL reached the highest of 206.40 and dipped lowest up to 190.40 last week. This indicates a bearish sentiment for the week.

DCAL full month swing targets
Monthly Up Target 1 219.10
Monthly Up Target 2 228.75
Monthly Down Target 1 171.10
Monthly Down Target 2 148.75

Targets of ₹219.10 can be expected to be reached in the coming month. Once DCAL achieved this target, we can aim for the next upside target of ₹228.75.

DCAL if fails to hold upside, down targets of ₹171.10 and ₹148.75 can be achieved by end of this month.

For complete three weeks if DCAL 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

DCAL is expected to reach the target of 198.50 in tomorrow's trading session.

After achieving the initial target in DCAL, we will aim for higher targets of 203.55 tomorrow.

However, if DCAL starts to trade below ₹195.55, then we will shift our focus to the sell side and aim for down targets of 190.50 and 187.55.