Price and trend forecast of DIAMONDYD for Tomorrow, Weekly, Monthly
Prataap Snacks Limited
Symbol: NSE:DIAMONDYD
ISIN: INE393P01035
824.60
As on 2024-09-06
DIAMONDYD's Today's Performance
Prataap Snacks Limited started the day by opening at 820.60 today 2024-09-06. Its shares reached a high of 835.40 and dipped to a low of 815.15 in intraday. When the markets closed, DIAMONDYD’s stock price settled at ₹824.60 per share. Also check out its key support and resistance levels.
DIAMONDYD Buy/Sell Targets
Tomorrow, buy DIAMONDYD when its price reaches ₹ 824.60 with a stop-loss order at ₹ 812.40. You can set the target price as ₹ 836.80 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 DIAMONDYD 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 DIAMONDYD
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 835 |
| Tomorrow Down Target 2 | 845 |
| Tomorrow Down Target 3 | 855 |
Important Levels for DIAMONDYD
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 815 |
| Tomorrow Up Target 2 | 805 |
| Tomorrow Up Target 3 | 794 |
Based on where the stock opens tomorrow, if DIAMONDYD opens on a positive note, our first target will be ₹835. If Target 1 is achieved, we will aim for Target 2 which is ₹845.
But if DIAMONDYD falls below the average value of ₹825.05, you can enter a sell side position with target number 1 - ₹815 and second target - ₹805 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 DIAMONDYD
Looking at DIAMONDYD, 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, DIAMONDYD has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for DIAMONDYD is moderate bearish.
Tomorrow's Volume based share price Forecast for DIAMONDYD
DIAMONDYD'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 48%.
Reversal detection for DIAMONDYD
DIAMONDYD may trend may continue to be bullish since stock is making higher highs and we can get target of ₹819 in morning tomorrow
| Target 1 tomorrow | 833 |
| Target 2 tomorrow | 838 |
| Target 3 tomorrow | 845 |
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 DIAMONDYD'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 DIAMONDYD opens on a positive note, our first target will be ₹834.95. If Target 1 is achieved, we will aim for Target 2 which is ₹845.30.
But if DIAMONDYD falls below the average value of ₹825.05, you can enter a sell side position with target number 1 - ₹814.70 and second target - ₹804.80
DIAMONDYD's Weekly Targets
| 1st Up Target | 856.53 |
| 2nd Up Target | 888.47 |
| 1st Down Target | 801.33 |
| 2nd Down Target | 778.07 |
As the week for DIAMONDYD ended on bearish sentiments, we can expect further continuation of this sentiment. DIAMONDYD's initial target will be 856.53 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 801.33 in the upcoming week.
Weekly OHLC Values
| Open | 864.00 |
| High | 865.20 |
| Low | 810.00 |
| Close | 824.60 |
Week for DIAMONDYD started with an open price of 864.00, and the close was at 824.60. DIAMONDYD reached the highest of 865.20 and dipped lowest up to 810.00 last week. This indicates a bearish sentiment for the week.
DIAMONDYD full month swing targets
| Monthly Up Target 1 | 911.73 |
| Monthly Up Target 2 | 943.67 |
| Monthly Down Target 1 | 746.13 |
| Monthly Down Target 2 | 667.67 |
Targets of ₹911.73 can be expected to be reached in the coming month. Once DIAMONDYD achieved this target, we can aim for the next upside target of ₹943.67.
DIAMONDYD if fails to hold upside, down targets of ₹746.13 and ₹667.67 can be achieved by end of this month.
For complete three weeks if DIAMONDYD 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 DIAMONDYD
| Symbol | Name | Industry |
|---|---|---|
| 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
DIAMONDYD is expected to reach the target of 834.95 in tomorrow's trading session.
After achieving the initial target in DIAMONDYD, we will aim for higher targets of 845.30 tomorrow.
However, if DIAMONDYD starts to trade below ₹825.05, then we will shift our focus to the sell side and aim for down targets of 814.70 and 804.80.