Price and trend forecast of DHAMPURSUG for Tomorrow, Weekly, Monthly
Dhampur Sugar Mills Limited
Symbol: NSE:DHAMPURSUG
ISIN: INE041A01016
186.96
As on 2024-12-06
DHAMPURSUG's Today's Performance
Dhampur Sugar Mills Limited started the day by opening at 187.98 today 2024-12-06. Its shares reached a high of 189.31 and dipped to a low of 186.26 in intraday. When the markets closed, DHAMPURSUG’s stock price settled at ₹186.96 per share. Also check out its key support and resistance levels.
DHAMPURSUG Buy/Sell Targets
Tomorrow, sell DHAMPURSUG when its price reaches ₹ 186.96 with a stop-loss order at ₹ 188.40. You can set the target price as ₹ 185.52 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 DHAMPURSUG 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 DHAMPURSUG
Downside Targets | Value in ₹ |
---|---|
Tomorrow Down Target 1 | 189 |
Tomorrow Down Target 2 | 191 |
Tomorrow Down Target 3 | 192 |
Important Levels for DHAMPURSUG
Holding Levels | Value in ₹ |
---|---|
Tomorrow Up Target 1 | 186 |
Tomorrow Up Target 2 | 184 |
Tomorrow Up Target 3 | 183 |
Based on where the stock opens tomorrow, if DHAMPURSUG opens on a positive note, our first target will be ₹189. If Target 1 is achieved, we will aim for Target 2 which is ₹191.
But if DHAMPURSUG falls below the average value of ₹187.51, you can enter a sell side position with target number 1 - ₹186 and second target - ₹184 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 DHAMPURSUG
Looking at DHAMPURSUG, 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, DHAMPURSUG has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for DHAMPURSUG is moderate bullish.
Tomorrow's Volume based share price Forecast for DHAMPURSUG
DHAMPURSUG'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 25%.
Reversal detection for DHAMPURSUG
DHAMPURSUG may trend may continue to be bearish since stock is making lower low and we can get target of ₹188 in morning tomorrow
Target 1 tomorrow | 189 |
Target 2 tomorrow | 189 |
Target 3 tomorrow | 191 |
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 DHAMPURSUG'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 DHAMPURSUG opens on a positive note, our first target will be ₹188.76. If Target 1 is achieved, we will aim for Target 2 which is ₹190.56.
But if DHAMPURSUG falls below the average value of ₹187.51, you can enter a sell side position with target number 1 - ₹185.71 and second target - ₹184.46
DHAMPURSUG's Weekly Targets
1st Up Target | 189.53 |
2nd Up Target | 192.10 |
1st Down Target | 184.45 |
2nd Down Target | 181.94 |
As the week for DHAMPURSUG ended on bearish sentiments, we can expect further continuation of this sentiment. DHAMPURSUG's initial target will be 189.53 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 184.45 in the upcoming week.
Weekly OHLC Values
Open | 188.00 |
High | 189.59 |
Low | 184.51 |
Close | 186.96 |
Week for DHAMPURSUG started with an open price of 188.00, and the close was at 186.96. DHAMPURSUG reached the highest of 189.59 and dipped lowest up to 184.51 last week. This indicates a bearish sentiment for the week.
DHAMPURSUG full month swing targets
Monthly Up Target 1 | 194.61 |
Monthly Up Target 2 | 197.18 |
Monthly Down Target 1 | 179.37 |
Monthly Down Target 2 | 171.78 |
Targets of ₹194.61 can be expected to be reached in the coming month. Once DHAMPURSUG achieved this target, we can aim for the next upside target of ₹197.18.
DHAMPURSUG if fails to hold upside, down targets of ₹179.37 and ₹171.78 can be achieved by end of this month.
For complete three weeks if DHAMPURSUG 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 DHAMPURSUG
Symbol | Name | Industry |
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ITC | ITC Limited | Tobacco |
HINDUNILVR | Hindustan Unilever Limited | Household & Personal Products |
DMART | Avenue Supermarts Limited | Discount Stores |
NESTLEIND | Nestle India Limited | Packaged Foods |
VBL | Varun Beverages Limited | Beverages - Non-Alcoholic |
Summary
DHAMPURSUG is expected to reach the target of 188.76 in tomorrow's trading session.
After achieving the initial target in DHAMPURSUG, we will aim for higher targets of 190.56 tomorrow.
However, if DHAMPURSUG starts to trade below ₹187.51, then we will shift our focus to the sell side and aim for down targets of 185.71 and 184.46.