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

DCX Systems Limited

Symbol: NSE:DCXINDIA

ISIN: INE0KL801015

387.15

As on 2024-07-24

235.30 (52W Low) 451.90 (52W High)

DCXINDIA's Today's Performance

DCX Systems Limited started the day by opening at 385.00 today 2024-07-24. Its shares reached a high of 394.00 and dipped to a low of 363.80 in intraday. When the markets closed, DCXINDIA’s stock price settled at ₹387.15 per share. Also check out its key support and resistance levels.

DCXINDIA Buy/Sell Targets

Tomorrow, buy DCXINDIA when its price reaches ₹ 387.15 with a stop-loss order at ₹ 372.57. You can set the target price as ₹ 401.73 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 DCXINDIA 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 DCXINDIA

Downside Targets Value in ₹
Tomorrow Down Target 1 400
Tomorrow Down Target 2 412
Tomorrow Down Target 3 430

Important Levels for DCXINDIA

Holding Levels Value in ₹
Tomorrow Up Target 1 369
Tomorrow Up Target 2 351
Tomorrow Up Target 3 339
Based on where the stock opens tomorrow, if DCXINDIA opens on a positive note, our first target will be ₹400. If Target 1 is achieved, we will aim for Target 2 which is ₹412.

But if DCXINDIA falls below the average value of ₹381.65, you can enter a sell side position with target number 1 - ₹369 and second target - ₹351 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 DCXINDIA

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

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

Tomorrow's Volume based share price Forecast for DCXINDIA

DCXINDIA'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 -5%.

Reversal detection for DCXINDIA

Predicted trend chart of DCXINDIA tomorrow for price forecast
DCXINDIA may trend may continue to be bullish since stock is making higher highs and we can get target of ₹382 in morning tomorrow
Target 1 tomorrow393
Target 2 tomorrow400
Target 3 tomorrow412
 

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 DCXINDIA'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 DCXINDIA opens on a positive note, our first target will be ₹399.50. If Target 1 is achieved, we will aim for Target 2 which is ₹411.85.

But if DCXINDIA falls below the average value of ₹381.65, you can enter a sell side position with target number 1 - ₹369.30 and second target - ₹351.45

DCXINDIA's Weekly Targets
1st Up Target 402.77
2nd Up Target 418.38
1st Down Target 367.67
2nd Down Target 348.18

As the week for DCXINDIA ended on bullish sentiments, we can expect further continuation of this sentiment. DCXINDIA's initial target will be 402.77 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 367.67 in the upcoming week.

Weekly OHLC Values
Open 380.00
High 398.90
Low 363.80
Close 387.15

Week for DCXINDIA started with an open price of 380.00, and the close was at 387.15. DCXINDIA reached the highest of 398.90 and dipped lowest up to 363.80 last week. This indicates a bullish sentiment for the week.

DCXINDIA full month swing targets
Monthly Up Target 1 437.87
Monthly Up Target 2 453.48
Monthly Down Target 1 332.57
Monthly Down Target 2 277.98

Targets of ₹437.87 can be expected to be reached in the coming month. Once DCXINDIA achieved this target, we can aim for the next upside target of ₹453.48.

DCXINDIA if fails to hold upside, down targets of ₹332.57 and ₹277.98 can be achieved by end of this month.

For complete three weeks if DCXINDIA 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

DCXINDIA is expected to reach the target of 399.50 in tomorrow's trading session.

After achieving the initial target in DCXINDIA, we will aim for higher targets of 411.85 tomorrow.

However, if DCXINDIA starts to trade below ₹381.65, then we will shift our focus to the sell side and aim for down targets of 369.30 and 351.45.