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

D-Link (India) Limited

Symbol: NSE:DLINKINDIA

ISIN: INE250K01012

301.85

As on 2024-04-16

224.00 (52W Low) 364.95 (52W High)

DLINKINDIA's Today's Performance

D-Link (India) Limited started the day by opening at 298.80 today 2024-04-16. Its shares reached a high of 307.35 and dipped to a low of 294.90 in intraday. When the markets closed, DLINKINDIA’s stock price settled at ₹301.85 per share. Also check out its key support and resistance levels.

DLINKINDIA Buy/Sell Targets

Tomorrow, sell DLINKINDIA when its price reaches ₹ 301.85 with a stop-loss order at ₹ 308.47. You can set the target price as ₹ 295.23 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 DLINKINDIA for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for DLINKINDIA

Resistance Levels Value in ₹
Tomorrow Resistance 1 308
Tomorrow Resistance 2 314
Tomorrow Resistance 3 320

Important Supports for DLINKINDIA

Support Levels Value in ₹
Tomorrow Support 1 295
Tomorrow Support 2 289
Tomorrow Support 3 283
Based on where the stock opens tomorrow, if DLINKINDIA opens on a positive note, our first target will be ₹308. If Target 1 is achieved, we will aim for Target 2 which is ₹314.

But if DLINKINDIA falls below the average value of ₹301.37, you can enter a sell side position with target number 1 - ₹295 and second target - ₹289 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 DLINKINDIA

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

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

Tomorrow's Volume based share price Forecast for DLINKINDIA

DLINKINDIA'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 -68%.

Reversal detection for DLINKINDIA

Predicted trend chart of DLINKINDIA tomorrow for price forecast
DLINKINDIA may trend may continue to be bearish since stock is making lower low and we can get target of ₹304 in morning tomorrow
Target 1 tomorrow306
Target 2 tomorrow309
Target 3 tomorrow314
 

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 DLINKINDIA'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 DLINKINDIA opens on a positive note, our first target will be ₹307.83. If Target 1 is achieved, we will aim for Target 2 which is ₹313.82.

But if DLINKINDIA falls below the average value of ₹301.37, you can enter a sell side position with target number 1 - ₹295.38 and second target - ₹288.92

DLINKINDIA's Weekly Targets
1st Up Target 311.57
2nd Up Target 321.28
1st Down Target 293.42
2nd Down Target 284.98

As the week for DLINKINDIA ended on bearish sentiments, we can expect further continuation of this sentiment. DLINKINDIA's initial target will be 311.57 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 293.42 in the upcoming week.

Weekly OHLC Values
Open 306.45
High 312.85
Low 294.70
Close 301.85

Week for DLINKINDIA started with an open price of 306.45, and the close was at 301.85. DLINKINDIA reached the highest of 312.85 and dipped lowest up to 294.70 last week. This indicates a bearish sentiment for the week.

DLINKINDIA full month swing targets
Monthly Up Target 1 329.72
Monthly Up Target 2 339.43
Monthly Down Target 1 275.27
Monthly Down Target 2 248.68

Targets of ₹329.72 can be expected to be reached in the coming month. Once DLINKINDIA achieved this target, we can aim for the next upside target of ₹339.43.

DLINKINDIA if fails to hold upside, down targets of ₹275.27 and ₹248.68 can be achieved by end of this month.

For complete three weeks if DLINKINDIA 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

DLINKINDIA is expected to reach the target of 307.83 in tomorrow's trading session.

After achieving the initial target in DLINKINDIA, we will aim for higher targets of 313.82 tomorrow.

However, if DLINKINDIA starts to trade below ₹301.37, then we will shift our focus to the sell side and aim for down targets of 295.38 and 288.92.