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

Entertainment Network (India) Limited

Symbol: NSE:ENIL

ISIN: INE265F01028

266.10

As on 2024-04-12

114.35 (52W Low) 358.80 (52W High)

ENIL's Today's Performance

Entertainment Network (India) Limited started the day by opening at 272.00 today 2024-04-12. Its shares reached a high of 272.95 and dipped to a low of 265.05 in intraday. When the markets closed, ENIL’s stock price settled at ₹266.10 per share. Also check out its key support and resistance levels.

ENIL Buy/Sell Targets

Tomorrow, sell ENIL when its price reaches ₹ 266.10 with a stop-loss order at ₹ 270.71. You can set the target price as ₹ 261.49 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 ENIL 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 ENIL

Resistance Levels Value in ₹
Tomorrow Resistance 1 271
Tomorrow Resistance 2 276
Tomorrow Resistance 3 279

Important Supports for ENIL

Support Levels Value in ₹
Tomorrow Support 1 263
Tomorrow Support 2 260
Tomorrow Support 3 255
Based on where the stock opens tomorrow, if ENIL opens on a positive note, our first target will be ₹271. If Target 1 is achieved, we will aim for Target 2 which is ₹276.

But if ENIL falls below the average value of ₹268.03, you can enter a sell side position with target number 1 - ₹263 and second target - ₹260 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 ENIL

Looking at ENIL, we've seen a Decreasing 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, ENIL has been on a Downward path, giving us insights how its value changes in the market.

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

Tomorrow's Volume based share price Forecast for ENIL

ENIL's Volume is currently in a Decreasing 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 -9%.

Reversal detection for ENIL

Predicted trend chart of ENIL tomorrow for price forecast
ENIL may trend may continue to be bearish since stock is making lower low and we can get target of ₹270 in morning tomorrow
Target 1 tomorrow271
Target 2 tomorrow273
Target 3 tomorrow276
 

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 ENIL'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 ENIL opens on a positive note, our first target will be ₹271.02. If Target 1 is achieved, we will aim for Target 2 which is ₹275.93.

But if ENIL falls below the average value of ₹268.03, you can enter a sell side position with target number 1 - ₹263.12 and second target - ₹260.13

ENIL's Weekly Targets
1st Up Target 278.88
2nd Up Target 291.67
1st Down Target 258.83
2nd Down Target 251.57

As the week for ENIL ended on bearish sentiments, we can expect further continuation of this sentiment. ENIL's initial target will be 278.88 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 258.83 in the upcoming week.

Weekly OHLC Values
Open 278.05
High 284.40
Low 264.35
Close 266.10

Week for ENIL started with an open price of 278.05, and the close was at 266.10. ENIL reached the highest of 284.40 and dipped lowest up to 264.35 last week. This indicates a bearish sentiment for the week.

ENIL full month swing targets
Monthly Up Target 1 298.93
Monthly Up Target 2 311.72
Monthly Down Target 1 238.78
Monthly Down Target 2 211.47

Targets of ₹298.93 can be expected to be reached in the coming month. Once ENIL achieved this target, we can aim for the next upside target of ₹311.72.

ENIL if fails to hold upside, down targets of ₹238.78 and ₹211.47 can be achieved by end of this month.

For complete three weeks if ENIL 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 ENIL

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NAUKRI Info Edge (India) Limited Internet Content & Information
IDEA Vodafone Idea Limited Telecom Services
TATACOMM Tata Communications Limited Telecom Services

Summary

ENIL is expected to reach the target of 271.02 in tomorrow's trading session.

After achieving the initial target in ENIL, we will aim for higher targets of 275.93 tomorrow.

However, if ENIL starts to trade below ₹268.03, then we will shift our focus to the sell side and aim for down targets of 263.12 and 260.13.