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

Fertilizers and Chemicals Travancore Limited

Symbol: NSE:FACT

ISIN: INE188A01015

691.75

As on 2024-05-17

294.00 (52W Low) 908.00 (52W High)

FACT's Today's Performance

Fertilizers and Chemicals Travancore Limited started the day by opening at 675.90 today 2024-05-17. Its shares reached a high of 696.50 and dipped to a low of 670.10 in intraday. When the markets closed, FACT’s stock price settled at ₹691.75 per share. Also check out its key support and resistance levels.

FACT Buy/Sell Targets

Tomorrow, buy FACT when its price reaches ₹ 691.75 with a stop-loss order at ₹ 671.58. You can set the target price as ₹ 711.92 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 FACT 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 FACT

Downside Targets Value in ₹
Tomorrow Down Target 1 702
Tomorrow Down Target 2 713
Tomorrow Down Target 3 729

Important Levels for FACT

Holding Levels Value in ₹
Tomorrow Up Target 1 676
Tomorrow Up Target 2 660
Tomorrow Up Target 3 649
Based on where the stock opens tomorrow, if FACT opens on a positive note, our first target will be ₹702. If Target 1 is achieved, we will aim for Target 2 which is ₹713.

But if FACT falls below the average value of ₹686.12, you can enter a sell side position with target number 1 - ₹676 and second target - ₹660 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 FACT

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

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

Tomorrow's Volume based share price Forecast for FACT

FACT'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 212%.

Reversal detection for FACT

Predicted trend chart of FACT tomorrow for price forecast
FACT may trend may continue to be bullish since stock is making higher highs and we can get target of ₹677 in morning tomorrow
Target 1 tomorrow696
Target 2 tomorrow702
Target 3 tomorrow713
 

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 FACT'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 FACT opens on a positive note, our first target will be ₹702.13. If Target 1 is achieved, we will aim for Target 2 which is ₹712.52.

But if FACT falls below the average value of ₹686.12, you can enter a sell side position with target number 1 - ₹675.73 and second target - ₹659.72

FACT's Weekly Targets
1st Up Target 723.15
2nd Up Target 754.55
1st Down Target 646.20
2nd Down Target 600.65

As the week for FACT ended on bullish sentiments, we can expect further continuation of this sentiment. FACT's initial target will be 723.15 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 646.20 in the upcoming week.

Weekly OHLC Values
Open 663.75
High 709.00
Low 632.05
Close 691.75

Week for FACT started with an open price of 663.75, and the close was at 691.75. FACT reached the highest of 709.00 and dipped lowest up to 632.05 last week. This indicates a bullish sentiment for the week.

FACT full month swing targets
Monthly Up Target 1 800.10
Monthly Up Target 2 831.50
Monthly Down Target 1 569.25
Monthly Down Target 2 446.75

Targets of ₹800.10 can be expected to be reached in the coming month. Once FACT achieved this target, we can aim for the next upside target of ₹831.50.

FACT if fails to hold upside, down targets of ₹569.25 and ₹446.75 can be achieved by end of this month.

For complete three weeks if FACT 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 FACT

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TATASTEEL Tata Steel Limited Steel
GRASIM Grasim Industries Limited Building Materials

Summary

FACT is expected to reach the target of 702.13 in tomorrow's trading session.

After achieving the initial target in FACT, we will aim for higher targets of 712.52 tomorrow.

However, if FACT starts to trade below ₹686.12, then we will shift our focus to the sell side and aim for down targets of 675.73 and 659.72.