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

Dharmaj Crop Guard Limited

Symbol: NSE:DHARMAJ

ISIN: INE00OQ01016

242.10

As on 2024-04-24

160.05 (52W Low) 290.00 (52W High)

DHARMAJ's Today's Performance

Dharmaj Crop Guard Limited started the day by opening at 239.75 today 2024-04-24. Its shares reached a high of 245.95 and dipped to a low of 237.55 in intraday. When the markets closed, DHARMAJ’s stock price settled at ₹242.10 per share. Also check out its key support and resistance levels.

DHARMAJ Buy/Sell Targets

Tomorrow, buy DHARMAJ when its price reaches ₹ 242.10 with a stop-loss order at ₹ 238.33. You can set the target price as ₹ 245.88 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 DHARMAJ 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 DHARMAJ

Downside Targets Value in ₹
Tomorrow Down Target 1 246
Tomorrow Down Target 2 250
Tomorrow Down Target 3 255

Important Levels for DHARMAJ

Holding Levels Value in ₹
Tomorrow Up Target 1 238
Tomorrow Up Target 2 233
Tomorrow Up Target 3 229
Based on where the stock opens tomorrow, if DHARMAJ opens on a positive note, our first target will be ₹246. If Target 1 is achieved, we will aim for Target 2 which is ₹250.

But if DHARMAJ falls below the average value of ₹241.87, you can enter a sell side position with target number 1 - ₹238 and second target - ₹233 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 DHARMAJ

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

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

Tomorrow's Volume based share price Forecast for DHARMAJ

DHARMAJ'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 37%.

Reversal detection for DHARMAJ

Predicted trend chart of DHARMAJ tomorrow for price forecast
DHARMAJ may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹240 in morning tomorrow
Target 1 tomorrow245
Target 2 tomorrow247
Target 3 tomorrow250
 

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 DHARMAJ'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 DHARMAJ opens on a positive note, our first target will be ₹246.18. If Target 1 is achieved, we will aim for Target 2 which is ₹250.27.

But if DHARMAJ falls below the average value of ₹241.87, you can enter a sell side position with target number 1 - ₹237.78 and second target - ₹233.47

DHARMAJ's Weekly Targets
1st Up Target 247.05
2nd Up Target 252.00
1st Down Target 236.05
2nd Down Target 230.00

As the week for DHARMAJ ended on bullish sentiments, we can expect further continuation of this sentiment. DHARMAJ's initial target will be 247.05 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 236.05 in the upcoming week.

Weekly OHLC Values
Open 237.65
High 245.95
Low 234.95
Close 242.10

Week for DHARMAJ started with an open price of 237.65, and the close was at 242.10. DHARMAJ reached the highest of 245.95 and dipped lowest up to 234.95 last week. This indicates a bullish sentiment for the week.

DHARMAJ full month swing targets
Monthly Up Target 1 258.05
Monthly Up Target 2 263.00
Monthly Down Target 1 225.05
Monthly Down Target 2 208.00

Targets of ₹258.05 can be expected to be reached in the coming month. Once DHARMAJ achieved this target, we can aim for the next upside target of ₹263.00.

DHARMAJ if fails to hold upside, down targets of ₹225.05 and ₹208.00 can be achieved by end of this month.

For complete three weeks if DHARMAJ 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

DHARMAJ is expected to reach the target of 246.18 in tomorrow's trading session.

After achieving the initial target in DHARMAJ, we will aim for higher targets of 250.27 tomorrow.

However, if DHARMAJ starts to trade below ₹241.87, then we will shift our focus to the sell side and aim for down targets of 237.78 and 233.47.