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

Dreamfolks Services Limited

Symbol: NSE:DREAMFOLKS

ISIN: INE0JS101016

516.45

As on 2024-05-17

448.50 (52W Low) 847.00 (52W High)

DREAMFOLKS's Today's Performance

Dreamfolks Services Limited started the day by opening at 502.00 today 2024-05-17. Its shares reached a high of 524.90 and dipped to a low of 501.75 in intraday. When the markets closed, DREAMFOLKS’s stock price settled at ₹516.45 per share. Also check out its key support and resistance levels.

DREAMFOLKS Buy/Sell Targets

Tomorrow, buy DREAMFOLKS when its price reaches ₹ 516.45 with a stop-loss order at ₹ 508.48. You can set the target price as ₹ 524.42 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 DREAMFOLKS 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 DREAMFOLKS

Downside Targets Value in ₹
Tomorrow Down Target 1 527
Tomorrow Down Target 2 538
Tomorrow Down Target 3 550

Important Levels for DREAMFOLKS

Holding Levels Value in ₹
Tomorrow Up Target 1 504
Tomorrow Up Target 2 491
Tomorrow Up Target 3 481
Based on where the stock opens tomorrow, if DREAMFOLKS opens on a positive note, our first target will be ₹527. If Target 1 is achieved, we will aim for Target 2 which is ₹538.

But if DREAMFOLKS falls below the average value of ₹514.37, you can enter a sell side position with target number 1 - ₹504 and second target - ₹491 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 DREAMFOLKS

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

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

Tomorrow's Volume based share price Forecast for DREAMFOLKS

DREAMFOLKS's Volume is currently in a Increasing 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 -42%.

Reversal detection for DREAMFOLKS

Predicted trend chart of DREAMFOLKS tomorrow for price forecast
DREAMFOLKS may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹506 in morning tomorrow
Target 1 tomorrow523
Target 2 tomorrow529
Target 3 tomorrow538
 

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 DREAMFOLKS'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 DREAMFOLKS opens on a positive note, our first target will be ₹526.98. If Target 1 is achieved, we will aim for Target 2 which is ₹537.52.

But if DREAMFOLKS falls below the average value of ₹514.37, you can enter a sell side position with target number 1 - ₹503.83 and second target - ₹491.22

DREAMFOLKS's Weekly Targets
1st Up Target 527.50
2nd Up Target 538.55
1st Down Target 502.80
2nd Down Target 489.15

As the week for DREAMFOLKS ended on bullish sentiments, we can expect further continuation of this sentiment. DREAMFOLKS's initial target will be 527.50 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 502.80 in the upcoming week.

Weekly OHLC Values
Open 512.80
High 524.90
Low 500.20
Close 516.45

Week for DREAMFOLKS started with an open price of 512.80, and the close was at 516.45. DREAMFOLKS reached the highest of 524.90 and dipped lowest up to 500.20 last week. This indicates a bullish sentiment for the week.

DREAMFOLKS full month swing targets
Monthly Up Target 1 552.20
Monthly Up Target 2 563.25
Monthly Down Target 1 478.10
Monthly Down Target 2 439.75

Targets of ₹552.20 can be expected to be reached in the coming month. Once DREAMFOLKS achieved this target, we can aim for the next upside target of ₹563.25.

DREAMFOLKS if fails to hold upside, down targets of ₹478.10 and ₹439.75 can be achieved by end of this month.

For complete three weeks if DREAMFOLKS 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

DREAMFOLKS is expected to reach the target of 526.98 in tomorrow's trading session.

After achieving the initial target in DREAMFOLKS, we will aim for higher targets of 537.52 tomorrow.

However, if DREAMFOLKS starts to trade below ₹514.37, then we will shift our focus to the sell side and aim for down targets of 503.83 and 491.22.