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

Electronics Mart India Limited

Symbol: NSE:EMIL

ISIN: INE02YR01019

224.05

As on 2024-05-17

70.15 (52W Low) 244.55 (52W High)

EMIL's Today's Performance

Electronics Mart India Limited started the day by opening at 217.80 today 2024-05-17. Its shares reached a high of 225.50 and dipped to a low of 216.15 in intraday. When the markets closed, EMIL’s stock price settled at ₹224.05 per share. Also check out its key support and resistance levels.

EMIL Buy/Sell Targets

Tomorrow, buy EMIL when its price reaches ₹ 224.05 with a stop-loss order at ₹ 219.43. You can set the target price as ₹ 228.68 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 EMIL 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 EMIL

Downside Targets Value in ₹
Tomorrow Down Target 1 228
Tomorrow Down Target 2 231
Tomorrow Down Target 3 237

Important Levels for EMIL

Holding Levels Value in ₹
Tomorrow Up Target 1 218
Tomorrow Up Target 2 213
Tomorrow Up Target 3 209
Based on where the stock opens tomorrow, if EMIL opens on a positive note, our first target will be ₹228. If Target 1 is achieved, we will aim for Target 2 which is ₹231.

But if EMIL falls below the average value of ₹221.90, you can enter a sell side position with target number 1 - ₹218 and second target - ₹213 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 EMIL

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

Based on this, the predicted sentiment for EMIL is strong bullish.

Tomorrow's Volume based share price Forecast for EMIL

EMIL's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 32%.

Reversal detection for EMIL

Predicted trend chart of EMIL tomorrow for price forecast
EMIL may trend may continue to be bullish since stock is making higher highs and we can get target of ₹217 in morning tomorrow
Target 1 tomorrow225
Target 2 tomorrow228
Target 3 tomorrow231
 

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 EMIL'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 EMIL opens on a positive note, our first target will be ₹227.65. If Target 1 is achieved, we will aim for Target 2 which is ₹231.25.

But if EMIL falls below the average value of ₹221.90, you can enter a sell side position with target number 1 - ₹218.30 and second target - ₹212.55

EMIL's Weekly Targets
1st Up Target 230.85
2nd Up Target 237.65
1st Down Target 211.90
2nd Down Target 199.75

As the week for EMIL ended on bullish sentiments, we can expect further continuation of this sentiment. EMIL's initial target will be 230.85 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 211.90 in the upcoming week.

Weekly OHLC Values
Open 216.00
High 225.50
Low 206.55
Close 224.05

Week for EMIL started with an open price of 216.00, and the close was at 224.05. EMIL reached the highest of 225.50 and dipped lowest up to 206.55 last week. This indicates a bullish sentiment for the week.

EMIL full month swing targets
Monthly Up Target 1 249.80
Monthly Up Target 2 256.60
Monthly Down Target 1 192.95
Monthly Down Target 2 161.85

Targets of ₹249.80 can be expected to be reached in the coming month. Once EMIL achieved this target, we can aim for the next upside target of ₹256.60.

EMIL if fails to hold upside, down targets of ₹192.95 and ₹161.85 can be achieved by end of this month.

For complete three weeks if EMIL 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 EMIL

Symbol Name Industry
MARUTI Maruti Suzuki India Limited Auto Manufacturers
TATAMTRDVR Tata Motors Limited Auto Manufacturers
TATAMOTORS Tata Motors Limited Auto Manufacturers
TITAN Titan Company Limited Luxury Goods
BAJAJ-AUTO Bajaj Auto Limited Auto Manufacturers

Summary

EMIL is expected to reach the target of 227.65 in tomorrow's trading session.

After achieving the initial target in EMIL, we will aim for higher targets of 231.25 tomorrow.

However, if EMIL starts to trade below ₹221.90, then we will shift our focus to the sell side and aim for down targets of 218.30 and 212.55.