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

DCM Shriram Industries Limited

Symbol: NSE:DCMSRIND

ISIN: INE843D01027

173.19

As on 2025-02-06

154.00 (52W Low) 242.50 (52W High)

DCMSRIND's Today's Performance

DCM Shriram Industries Limited started the day by opening at 173.30 today 2025-02-06. Its shares reached a high of 174.00 and dipped to a low of 171.05 in intraday. When the markets closed, DCMSRIND’s stock price settled at ₹173.19 per share. Also check out its key support and resistance levels.

DCMSRIND Buy/Sell Targets

Tomorrow, buy DCMSRIND when its price reaches ₹ 173.19 with a stop-loss order at ₹ 170.76. You can set the target price as ₹ 175.62 to capture potential gains. This buy 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 DCMSRIND 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 DCMSRIND

Downside Targets Value in ₹
Tomorrow Down Target 1 174
Tomorrow Down Target 2 176
Tomorrow Down Target 3 177

Important Levels for DCMSRIND

Holding Levels Value in ₹
Tomorrow Up Target 1 171
Tomorrow Up Target 2 170
Tomorrow Up Target 3 169
Based on where the stock opens tomorrow, if DCMSRIND opens on a positive note, our first target will be ₹174. If Target 1 is achieved, we will aim for Target 2 which is ₹176.

But if DCMSRIND falls below the average value of ₹172.75, you can enter a sell side position with target number 1 - ₹171 and second target - ₹170 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 DCMSRIND

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

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

Tomorrow's Volume based share price Forecast for DCMSRIND

DCMSRIND'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 95%.

Reversal detection for DCMSRIND

Predicted trend chart of DCMSRIND tomorrow for price forecast
DCMSRIND may trend may continue to be bullish since stock is making higher highs and we can get target of ₹172 in morning tomorrow
Target 1 tomorrow174
Target 2 tomorrow175
Target 3 tomorrow176
 

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 DCMSRIND'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 DCMSRIND opens on a positive note, our first target will be ₹174.44. If Target 1 is achieved, we will aim for Target 2 which is ₹175.70.

But if DCMSRIND falls below the average value of ₹172.75, you can enter a sell side position with target number 1 - ₹171.49 and second target - ₹169.80

DCMSRIND's Weekly Targets
1st Up Target 176.56
2nd Up Target 179.94
1st Down Target 167.64
2nd Down Target 162.10

As the week for DCMSRIND ended on bearish sentiments, we can expect further continuation of this sentiment. DCMSRIND's initial target will be 176.56 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 167.64 in the upcoming week.

Weekly OHLC Values
Open 174.39
High 174.39
Low 165.47
Close 173.19

Week for DCMSRIND started with an open price of 174.39, and the close was at 173.19. DCMSRIND reached the highest of 174.39 and dipped lowest up to 165.47 last week. This indicates a bearish sentiment for the week.

DCMSRIND full month swing targets
Monthly Up Target 1 185.48
Monthly Up Target 2 188.86
Monthly Down Target 1 158.72
Monthly Down Target 2 144.26

Targets of ₹185.48 can be expected to be reached in the coming month. Once DCMSRIND achieved this target, we can aim for the next upside target of ₹188.86.

DCMSRIND if fails to hold upside, down targets of ₹158.72 and ₹144.26 can be achieved by end of this month.

For complete three weeks if DCMSRIND 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

DCMSRIND is expected to reach the target of 174.44 in tomorrow's trading session.

After achieving the initial target in DCMSRIND, we will aim for higher targets of 175.70 tomorrow.

However, if DCMSRIND starts to trade below ₹172.75, then we will shift our focus to the sell side and aim for down targets of 171.49 and 169.80.