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

Emkay Global Financial Services Limited

Symbol: NSE:EMKAY

ISIN: INE296H01011

163.40

As on 2024-04-12

65.75 (52W Low) 183.00 (52W High)

EMKAY's Today's Performance

Emkay Global Financial Services Limited started the day by opening at 172.00 today 2024-04-12. Its shares reached a high of 173.55 and dipped to a low of 161.35 in intraday. When the markets closed, EMKAY’s stock price settled at ₹163.40 per share. Also check out its key support and resistance levels.

EMKAY Buy/Sell Targets

Tomorrow, sell EMKAY when its price reaches ₹ 163.40 with a stop-loss order at ₹ 174.16. You can set the target price as ₹ 152.64 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 EMKAY 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 EMKAY

Resistance Levels Value in ₹
Tomorrow Resistance 1 171
Tomorrow Resistance 2 178
Tomorrow Resistance 3 183

Important Supports for EMKAY

Support Levels Value in ₹
Tomorrow Support 1 159
Tomorrow Support 2 154
Tomorrow Support 3 146
Based on where the stock opens tomorrow, if EMKAY opens on a positive note, our first target will be ₹171. If Target 1 is achieved, we will aim for Target 2 which is ₹178.

But if EMKAY falls below the average value of ₹166.10, you can enter a sell side position with target number 1 - ₹159 and second target - ₹154 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 EMKAY

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

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

Tomorrow's Volume based share price Forecast for EMKAY

EMKAY'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 -33%.

Reversal detection for EMKAY

Predicted trend chart of EMKAY tomorrow for price forecast
EMKAY may trend may continue to be bearish since stock is making lower low and we can get target of ₹172 in morning tomorrow
Target 1 tomorrow171
Target 2 tomorrow174
Target 3 tomorrow178
 

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 EMKAY'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 EMKAY opens on a positive note, our first target will be ₹170.85. If Target 1 is achieved, we will aim for Target 2 which is ₹178.30.

But if EMKAY falls below the average value of ₹166.10, you can enter a sell side position with target number 1 - ₹158.65 and second target - ₹153.90

EMKAY's Weekly Targets
1st Up Target 189.53
2nd Up Target 215.67
1st Down Target 130.73
2nd Down Target 98.07

As the week for EMKAY ended on bullish sentiments, we can expect further continuation of this sentiment. EMKAY's initial target will be 189.53 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 130.73 in the upcoming week.

Weekly OHLC Values
Open 125.15
High 183.00
Low 124.20
Close 163.40

Week for EMKAY started with an open price of 125.15, and the close was at 163.40. EMKAY reached the highest of 183.00 and dipped lowest up to 124.20 last week. This indicates a bullish sentiment for the week.

EMKAY full month swing targets
Monthly Up Target 1 248.33
Monthly Up Target 2 274.47
Monthly Down Target 1 71.93
Monthly Down Target 2 -19.53

Targets of ₹248.33 can be expected to be reached in the coming month. Once EMKAY achieved this target, we can aim for the next upside target of ₹274.47.

EMKAY if fails to hold upside, down targets of ₹71.93 and ₹-19.53 can be achieved by end of this month.

For complete three weeks if EMKAY 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 EMKAY

Symbol Name Industry
HDFCBANK HDFC Bank Limited Banks - Regional
ICICIBANK ICICI Bank Limited Banks - Regional
SBIN State Bank of India Banks - Regional
LICI Life Insurance Corporation Of India Insurance - Life
BAJFINANCE Bajaj Finance Limited Credit Services

Summary

EMKAY is expected to reach the target of 170.85 in tomorrow's trading session.

After achieving the initial target in EMKAY, we will aim for higher targets of 178.30 tomorrow.

However, if EMKAY starts to trade below ₹166.10, then we will shift our focus to the sell side and aim for down targets of 158.65 and 153.90.