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

DIC India Limited

Symbol: NSE:DICIND

ISIN: INE303A01010

517.00

As on 2024-07-24

410.50 (52W Low) 579.00 (52W High)

DICIND's Today's Performance

DIC India Limited started the day by opening at 513.95 today 2024-07-24. Its shares reached a high of 530.00 and dipped to a low of 513.95 in intraday. When the markets closed, DICIND’s stock price settled at ₹517.00 per share. Also check out its key support and resistance levels.

DICIND Buy/Sell Targets

Tomorrow, buy DICIND when its price reaches ₹ 517.00 with a stop-loss order at ₹ 506.84. You can set the target price as ₹ 527.16 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 DICIND 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 DICIND

Downside Targets Value in ₹
Tomorrow Down Target 1 527
Tomorrow Down Target 2 536
Tomorrow Down Target 3 543

Important Levels for DICIND

Holding Levels Value in ₹
Tomorrow Up Target 1 511
Tomorrow Up Target 2 504
Tomorrow Up Target 3 495
Based on where the stock opens tomorrow, if DICIND opens on a positive note, our first target will be ₹527. If Target 1 is achieved, we will aim for Target 2 which is ₹536.

But if DICIND falls below the average value of ₹520.32, you can enter a sell side position with target number 1 - ₹511 and second target - ₹504 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 DICIND

Looking at DICIND, we've seen a Increasing 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, DICIND has been on a Upward path, giving us insights how its value changes in the market.

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

Tomorrow's Volume based share price Forecast for DICIND

DICIND's Volume is currently in a Increasing 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 -43%.

Reversal detection for DICIND

Predicted trend chart of DICIND tomorrow for price forecast
DICIND may trend may continue to be bullish since stock is making higher highs and we can get target of ₹514 in morning tomorrow
Target 1 tomorrow526
Target 2 tomorrow530
Target 3 tomorrow536
 

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 DICIND'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 DICIND opens on a positive note, our first target will be ₹526.68. If Target 1 is achieved, we will aim for Target 2 which is ₹536.37.

But if DICIND falls below the average value of ₹520.32, you can enter a sell side position with target number 1 - ₹510.63 and second target - ₹504.27

DICIND's Weekly Targets
1st Up Target 535.57
2nd Up Target 554.13
1st Down Target 501.77
2nd Down Target 486.53

As the week for DICIND ended on bearish sentiments, we can expect further continuation of this sentiment. DICIND's initial target will be 535.57 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 501.77 in the upcoming week.

Weekly OHLC Values
Open 521.90
High 538.90
Low 505.10
Close 517.00

Week for DICIND started with an open price of 521.90, and the close was at 517.00. DICIND reached the highest of 538.90 and dipped lowest up to 505.10 last week. This indicates a bearish sentiment for the week.

DICIND full month swing targets
Monthly Up Target 1 569.37
Monthly Up Target 2 587.93
Monthly Down Target 1 467.97
Monthly Down Target 2 418.93

Targets of ₹569.37 can be expected to be reached in the coming month. Once DICIND achieved this target, we can aim for the next upside target of ₹587.93.

DICIND if fails to hold upside, down targets of ₹467.97 and ₹418.93 can be achieved by end of this month.

For complete three weeks if DICIND 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

DICIND is expected to reach the target of 526.68 in tomorrow's trading session.

After achieving the initial target in DICIND, we will aim for higher targets of 536.37 tomorrow.

However, if DICIND starts to trade below ₹520.32, then we will shift our focus to the sell side and aim for down targets of 510.63 and 504.27.