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

Dhampur Sugar Mills Limited

Symbol: NSE:DHAMPURSUG

ISIN: INE041A01016

219.51

As on 2024-07-23

191.10 (52W Low) 325.75 (52W High)

DHAMPURSUG's Today's Performance

Dhampur Sugar Mills Limited started the day by opening at 220.00 today 2024-07-23. Its shares reached a high of 223.64 and dipped to a low of 212.00 in intraday. When the markets closed, DHAMPURSUG’s stock price settled at ₹219.51 per share. Also check out its key support and resistance levels.

DHAMPURSUG Buy/Sell Targets

Tomorrow, sell DHAMPURSUG when its price reaches ₹ 219.51 with a stop-loss order at ₹ 223.58. You can set the target price as ₹ 215.45 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 1 225
Tomorrow Down Target 2 230
Tomorrow Down Target 3 236

Important Levels for DHAMPURSUG

Holding Levels Value in ₹
Tomorrow Up Target 1 213
Tomorrow Up Target 2 207
Tomorrow Up Target 3 201
Based on where the stock opens tomorrow, if DHAMPURSUG opens on a positive note, our first target will be ₹225. If Target 1 is achieved, we will aim for Target 2 which is ₹230.

But if DHAMPURSUG falls below the average value of ₹218.38, you can enter a sell side position with target number 1 - ₹213 and second target - ₹207 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 Downward path, giving us insights how its value changes in the market.

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

Tomorrow's Volume based share price Forecast for DHAMPURSUG

DHAMPURSUG'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 25%.

Reversal detection for DHAMPURSUG

Predicted trend chart of DHAMPURSUG tomorrow for price forecast
DHAMPURSUG may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹220 in morning tomorrow
Target 1 tomorrow223
Target 2 tomorrow226
Target 3 tomorrow230
 

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 ₹224.77. If Target 1 is achieved, we will aim for Target 2 which is ₹230.02.

But if DHAMPURSUG falls below the average value of ₹218.38, you can enter a sell side position with target number 1 - ₹213.13 and second target - ₹206.74

DHAMPURSUG's Weekly Targets
1st Up Target 224.77
2nd Up Target 230.02
1st Down Target 213.13
2nd Down Target 206.74

As the week for DHAMPURSUG ended on bullish sentiments, we can expect further continuation of this sentiment. DHAMPURSUG's initial target will be 224.77 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 213.13 in the upcoming week.

Weekly OHLC Values
Open 219.50
High 223.64
Low 212.00
Close 219.51

Week for DHAMPURSUG started with an open price of 219.50, and the close was at 219.51. DHAMPURSUG reached the highest of 223.64 and dipped lowest up to 212.00 last week. This indicates a bullish sentiment for the week.

DHAMPURSUG full month swing targets
Monthly Up Target 1 236.41
Monthly Up Target 2 241.66
Monthly Down Target 1 201.49
Monthly Down Target 2 183.46

Targets of ₹236.41 can be expected to be reached in the coming month. Once DHAMPURSUG achieved this target, we can aim for the next upside target of ₹241.66.

DHAMPURSUG if fails to hold upside, down targets of ₹201.49 and ₹183.46 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.

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Summary

DHAMPURSUG is expected to reach the target of 224.77 in tomorrow's trading session.

After achieving the initial target in DHAMPURSUG, we will aim for higher targets of 230.02 tomorrow.

However, if DHAMPURSUG starts to trade below ₹218.38, then we will shift our focus to the sell side and aim for down targets of 213.13 and 206.74.