Stock Information Portal

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

Eldeco Housing And Industries Limited

Symbol: NSE:ELDEHSG

ISIN: INE668G01021

944.45

As on 2024-07-19

668.60 (52W Low) 1,175.00 (52W High)

ELDEHSG's Today's Performance

Eldeco Housing And Industries Limited started the day by opening at 980.10 today 2024-07-19. Its shares reached a high of 989.95 and dipped to a low of 930.00 in intraday. When the markets closed, ELDEHSG’s stock price settled at ₹944.45 per share. Also check out its key support and resistance levels.

ELDEHSG Buy/Sell Targets

Tomorrow, sell ELDEHSG when its price reaches ₹ 944.45 with a stop-loss order at ₹ 975.27. You can set the target price as ₹ 913.63 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 ELDEHSG 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 ELDEHSG

Downside Targets Value in ₹
Tomorrow Down Target 1 980
Tomorrow Down Target 2 1,015
Tomorrow Down Target 3 1,040

Important Levels for ELDEHSG

Holding Levels Value in ₹
Tomorrow Up Target 1 920
Tomorrow Up Target 2 895
Tomorrow Up Target 3 860
Based on where the stock opens tomorrow, if ELDEHSG opens on a positive note, our first target will be ₹980. If Target 1 is achieved, we will aim for Target 2 which is ₹1,015.

But if ELDEHSG falls below the average value of ₹954.80, you can enter a sell side position with target number 1 - ₹920 and second target - ₹895 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 ELDEHSG

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

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

Tomorrow's Volume based share price Forecast for ELDEHSG

ELDEHSG'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 -5%.

Reversal detection for ELDEHSG

Predicted trend chart of ELDEHSG tomorrow for price forecast
ELDEHSG may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹998 in morning tomorrow
Target 1 tomorrow978
Target 2 tomorrow992
Target 3 tomorrow1015
 

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 ELDEHSG'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 ELDEHSG opens on a positive note, our first target will be ₹979.60. If Target 1 is achieved, we will aim for Target 2 which is ₹1,014.75.

But if ELDEHSG falls below the average value of ₹954.80, you can enter a sell side position with target number 1 - ₹919.65 and second target - ₹894.85

ELDEHSG's Weekly Targets
1st Up Target 1,018.97
2nd Up Target 1,093.48
1st Down Target 899.97
2nd Down Target 855.48

As the week for ELDEHSG ended on bearish sentiments, we can expect further continuation of this sentiment. ELDEHSG's initial target will be 1,018.97 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 899.97 in the upcoming week.

Weekly OHLC Values
Open 978.95
High 1,049.00
Low 930.00
Close 944.45

Week for ELDEHSG started with an open price of 978.95, and the close was at 944.45. ELDEHSG reached the highest of 1,049.00 and dipped lowest up to 930.00 last week. This indicates a bearish sentiment for the week.

ELDEHSG full month swing targets
Monthly Up Target 1 1,137.97
Monthly Up Target 2 1,212.48
Monthly Down Target 1 780.97
Monthly Down Target 2 617.48

Targets of ₹1,137.97 can be expected to be reached in the coming month. Once ELDEHSG achieved this target, we can aim for the next upside target of ₹1,212.48.

ELDEHSG if fails to hold upside, down targets of ₹780.97 and ₹617.48 can be achieved by end of this month.

For complete three weeks if ELDEHSG 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 ELDEHSG

Symbol Name Industry
DLF DLF Limited Real Estate - Development
LODHA Macrotech Developers Limited Real Estate - Development
GODREJPROP Godrej Properties Limited Real Estate - Development
OBEROIRLTY Oberoi Realty Limited Real Estate - Development
PHOENIXLTD The Phoenix Mills Limited Real Estate - Diversified

Summary

ELDEHSG is expected to reach the target of 979.60 in tomorrow's trading session.

After achieving the initial target in ELDEHSG, we will aim for higher targets of 1,014.75 tomorrow.

However, if ELDEHSG starts to trade below ₹954.80, then we will shift our focus to the sell side and aim for down targets of 919.65 and 894.85.