Stock Information Portal

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

Euro India Fresh Foods Limited

Symbol: NSE:EIFFL

ISIN: INE546V01010

136.15

As on 2024-04-24

124.00 (52W Low) 192.00 (52W High)

EIFFL's Today's Performance

Euro India Fresh Foods Limited started the day by opening at 134.85 today 2024-04-24. Its shares reached a high of 137.40 and dipped to a low of 134.60 in intraday. When the markets closed, EIFFL’s stock price settled at ₹136.15 per share. Also check out its key support and resistance levels.

EIFFL Buy/Sell Targets

Tomorrow, buy EIFFL when its price reaches ₹ 136.15 with a stop-loss order at ₹ 133.05. You can set the target price as ₹ 139.25 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 EIFFL 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 EIFFL

Downside Targets Value in ₹
Tomorrow Down Target 1 138
Tomorrow Down Target 2 139
Tomorrow Down Target 3 140

Important Levels for EIFFL

Holding Levels Value in ₹
Tomorrow Up Target 1 135
Tomorrow Up Target 2 133
Tomorrow Up Target 3 132
Based on where the stock opens tomorrow, if EIFFL opens on a positive note, our first target will be ₹138. If Target 1 is achieved, we will aim for Target 2 which is ₹139.

But if EIFFL falls below the average value of ₹136.05, you can enter a sell side position with target number 1 - ₹135 and second target - ₹133 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 EIFFL

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

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

Tomorrow's Volume based share price Forecast for EIFFL

EIFFL'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 27%.

Reversal detection for EIFFL

Predicted trend chart of EIFFL tomorrow for price forecast
EIFFL may trend may continue to be bullish since stock is making higher highs and we can get target of ₹136 in morning tomorrow
Target 1 tomorrow137
Target 2 tomorrow138
Target 3 tomorrow139
 

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 EIFFL'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 EIFFL opens on a positive note, our first target will be ₹137.50. If Target 1 is achieved, we will aim for Target 2 which is ₹138.85.

But if EIFFL falls below the average value of ₹136.05, you can enter a sell side position with target number 1 - ₹134.70 and second target - ₹133.25

EIFFL's Weekly Targets
1st Up Target 141.93
2nd Up Target 147.72
1st Down Target 130.63
2nd Down Target 125.12

As the week for EIFFL ended on bullish sentiments, we can expect further continuation of this sentiment. EIFFL's initial target will be 141.93 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 130.63 in the upcoming week.

Weekly OHLC Values
Open 130.90
High 142.20
Low 130.90
Close 136.15

Week for EIFFL started with an open price of 130.90, and the close was at 136.15. EIFFL reached the highest of 142.20 and dipped lowest up to 130.90 last week. This indicates a bullish sentiment for the week.

EIFFL full month swing targets
Monthly Up Target 1 153.23
Monthly Up Target 2 159.02
Monthly Down Target 1 119.33
Monthly Down Target 2 102.52

Targets of ₹153.23 can be expected to be reached in the coming month. Once EIFFL achieved this target, we can aim for the next upside target of ₹159.02.

EIFFL if fails to hold upside, down targets of ₹119.33 and ₹102.52 can be achieved by end of this month.

For complete three weeks if EIFFL 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 EIFFL

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

EIFFL is expected to reach the target of 137.50 in tomorrow's trading session.

After achieving the initial target in EIFFL, we will aim for higher targets of 138.85 tomorrow.

However, if EIFFL starts to trade below ₹136.05, then we will shift our focus to the sell side and aim for down targets of 134.70 and 133.25.