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

Emami Realty Limited

Symbol: NSE:EMAMIREAL

ISIN: INE778K01012

118.10

As on 2024-04-12

64.00 (52W Low) 152.15 (52W High)

EMAMIREAL's Today's Performance

Emami Realty Limited started the day by opening at 116.15 today 2024-04-12. Its shares reached a high of 122.45 and dipped to a low of 115.00 in intraday. When the markets closed, EMAMIREAL’s stock price settled at ₹118.10 per share. Also check out its key support and resistance levels.

EMAMIREAL Buy/Sell Targets

Tomorrow, buy EMAMIREAL when its price reaches ₹ 118.10 with a stop-loss order at ₹ 114.70. You can set the target price as ₹ 121.50 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 EMAMIREAL 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 EMAMIREAL

Resistance Levels Value in ₹
Tomorrow Resistance 1 122
Tomorrow Resistance 2 126
Tomorrow Resistance 3 129

Important Supports for EMAMIREAL

Support Levels Value in ₹
Tomorrow Support 1 115
Tomorrow Support 2 111
Tomorrow Support 3 107
Based on where the stock opens tomorrow, if EMAMIREAL opens on a positive note, our first target will be ₹122. If Target 1 is achieved, we will aim for Target 2 which is ₹126.

But if EMAMIREAL falls below the average value of ₹118.52, you can enter a sell side position with target number 1 - ₹115 and second target - ₹111 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 EMAMIREAL

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

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

Tomorrow's Volume based share price Forecast for EMAMIREAL

EMAMIREAL'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 -22%.

Reversal detection for EMAMIREAL

Predicted trend chart of EMAMIREAL tomorrow for price forecast
EMAMIREAL may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹111 in morning tomorrow
Target 1 tomorrow121
Target 2 tomorrow123
Target 3 tomorrow126
 

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 EMAMIREAL'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 EMAMIREAL opens on a positive note, our first target will be ₹122.03. If Target 1 is achieved, we will aim for Target 2 which is ₹125.97.

But if EMAMIREAL falls below the average value of ₹118.52, you can enter a sell side position with target number 1 - ₹114.58 and second target - ₹111.07

EMAMIREAL's Weekly Targets
1st Up Target 126.03
2nd Up Target 133.97
1st Down Target 106.58
2nd Down Target 95.07

As the week for EMAMIREAL ended on bullish sentiments, we can expect further continuation of this sentiment. EMAMIREAL's initial target will be 126.03 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 106.58 in the upcoming week.

Weekly OHLC Values
Open 107.00
High 122.45
Low 103.00
Close 118.10

Week for EMAMIREAL started with an open price of 107.00, and the close was at 118.10. EMAMIREAL reached the highest of 122.45 and dipped lowest up to 103.00 last week. This indicates a bullish sentiment for the week.

EMAMIREAL full month swing targets
Monthly Up Target 1 145.48
Monthly Up Target 2 153.42
Monthly Down Target 1 87.13
Monthly Down Target 2 56.17

Targets of ₹145.48 can be expected to be reached in the coming month. Once EMAMIREAL achieved this target, we can aim for the next upside target of ₹153.42.

EMAMIREAL if fails to hold upside, down targets of ₹87.13 and ₹56.17 can be achieved by end of this month.

For complete three weeks if EMAMIREAL 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 EMAMIREAL

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

EMAMIREAL is expected to reach the target of 122.03 in tomorrow's trading session.

After achieving the initial target in EMAMIREAL, we will aim for higher targets of 125.97 tomorrow.

However, if EMAMIREAL starts to trade below ₹118.52, then we will shift our focus to the sell side and aim for down targets of 114.58 and 111.07.