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

Emami Limited

Symbol: NSE:EMAMILTD

ISIN: INE548C01032

443.40

As on 2024-04-16

357.65 (52W Low) 588.60 (52W High)

EMAMILTD's Today's Performance

Emami Limited started the day by opening at 454.75 today 2024-04-16. Its shares reached a high of 455.80 and dipped to a low of 441.75 in intraday. When the markets closed, EMAMILTD’s stock price settled at ₹443.40 per share. Also check out its key support and resistance levels.

EMAMILTD Buy/Sell Targets

Tomorrow, sell EMAMILTD when its price reaches ₹ 443.40 with a stop-loss order at ₹ 450.53. You can set the target price as ₹ 436.28 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 EMAMILTD 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 EMAMILTD

Resistance Levels Value in ₹
Tomorrow Resistance 1 452
Tomorrow Resistance 2 461
Tomorrow Resistance 3 466

Important Supports for EMAMILTD

Support Levels Value in ₹
Tomorrow Support 1 438
Tomorrow Support 2 433
Tomorrow Support 3 424
Based on where the stock opens tomorrow, if EMAMILTD opens on a positive note, our first target will be ₹452. If Target 1 is achieved, we will aim for Target 2 which is ₹461.

But if EMAMILTD falls below the average value of ₹446.98, you can enter a sell side position with target number 1 - ₹438 and second target - ₹433 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 EMAMILTD

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

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

Tomorrow's Volume based share price Forecast for EMAMILTD

EMAMILTD'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 -14%.

Reversal detection for EMAMILTD

Predicted trend chart of EMAMILTD tomorrow for price forecast
EMAMILTD may trend may continue to be bearish since stock is making lower low and we can get target of ₹449 in morning tomorrow
Target 1 tomorrow452
Target 2 tomorrow456
Target 3 tomorrow461
 

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 EMAMILTD'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 EMAMILTD opens on a positive note, our first target will be ₹452.22. If Target 1 is achieved, we will aim for Target 2 which is ₹461.03.

But if EMAMILTD falls below the average value of ₹446.98, you can enter a sell side position with target number 1 - ₹438.17 and second target - ₹432.93

EMAMILTD's Weekly Targets
1st Up Target 453.60
2nd Up Target 463.80
1st Down Target 436.10
2nd Down Target 428.80

As the week for EMAMILTD ended on bearish sentiments, we can expect further continuation of this sentiment. EMAMILTD's initial target will be 453.60 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 436.10 in the upcoming week.

Weekly OHLC Values
Open 451.95
High 456.50
Low 439.00
Close 443.40

Week for EMAMILTD started with an open price of 451.95, and the close was at 443.40. EMAMILTD reached the highest of 456.50 and dipped lowest up to 439.00 last week. This indicates a bearish sentiment for the week.

EMAMILTD full month swing targets
Monthly Up Target 1 471.10
Monthly Up Target 2 481.30
Monthly Down Target 1 418.60
Monthly Down Target 2 393.80

Targets of ₹471.10 can be expected to be reached in the coming month. Once EMAMILTD achieved this target, we can aim for the next upside target of ₹481.30.

EMAMILTD if fails to hold upside, down targets of ₹418.60 and ₹393.80 can be achieved by end of this month.

For complete three weeks if EMAMILTD 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

EMAMILTD is expected to reach the target of 452.22 in tomorrow's trading session.

After achieving the initial target in EMAMILTD, we will aim for higher targets of 461.03 tomorrow.

However, if EMAMILTD starts to trade below ₹446.98, then we will shift our focus to the sell side and aim for down targets of 438.17 and 432.93.