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

Fineotex Chemical Limited

Symbol: NSE:FCL

ISIN: INE045J01026

368.00

As on 2024-07-24

275.00 (52W Low) 458.85 (52W High)

FCL's Today's Performance

Fineotex Chemical Limited started the day by opening at 361.20 today 2024-07-24. Its shares reached a high of 374.70 and dipped to a low of 361.20 in intraday. When the markets closed, FCL’s stock price settled at ₹368.00 per share. Also check out its key support and resistance levels.

FCL Buy/Sell Targets

Tomorrow, buy FCL when its price reaches ₹ 368.00 with a stop-loss order at ₹ 361.04. You can set the target price as ₹ 374.96 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 FCL 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 FCL

Downside Targets Value in ₹
Tomorrow Down Target 1 375
Tomorrow Down Target 2 381
Tomorrow Down Target 3 388

Important Levels for FCL

Holding Levels Value in ₹
Tomorrow Up Target 1 361
Tomorrow Up Target 2 354
Tomorrow Up Target 3 348
Based on where the stock opens tomorrow, if FCL opens on a positive note, our first target will be ₹375. If Target 1 is achieved, we will aim for Target 2 which is ₹381.

But if FCL falls below the average value of ₹367.97, you can enter a sell side position with target number 1 - ₹361 and second target - ₹354 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 FCL

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

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

Tomorrow's Volume based share price Forecast for FCL

FCL's Volume is currently in a Decreasing 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 FCL

Predicted trend chart of FCL tomorrow for price forecast
FCL may trend may continue to be bullish since stock is making higher highs and we can get target of ₹358 in morning tomorrow
Target 1 tomorrow373
Target 2 tomorrow376
Target 3 tomorrow381
 

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 FCL'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 FCL opens on a positive note, our first target will be ₹374.73. If Target 1 is achieved, we will aim for Target 2 which is ₹381.47.

But if FCL falls below the average value of ₹367.97, you can enter a sell side position with target number 1 - ₹361.23 and second target - ₹354.47

FCL's Weekly Targets
1st Up Target 379.85
2nd Up Target 391.70
1st Down Target 351.00
2nd Down Target 334.00

As the week for FCL ended on bullish sentiments, we can expect further continuation of this sentiment. FCL's initial target will be 379.85 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 351.00 in the upcoming week.

Weekly OHLC Values
Open 360.05
High 374.70
Low 345.85
Close 368.00

Week for FCL started with an open price of 360.05, and the close was at 368.00. FCL reached the highest of 374.70 and dipped lowest up to 345.85 last week. This indicates a bullish sentiment for the week.

FCL full month swing targets
Monthly Up Target 1 408.70
Monthly Up Target 2 420.55
Monthly Down Target 1 322.15
Monthly Down Target 2 276.30

Targets of ₹408.70 can be expected to be reached in the coming month. Once FCL achieved this target, we can aim for the next upside target of ₹420.55.

FCL if fails to hold upside, down targets of ₹322.15 and ₹276.30 can be achieved by end of this month.

For complete three weeks if FCL 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.

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GRASIM Grasim Industries Limited Building Materials

Summary

FCL is expected to reach the target of 374.73 in tomorrow's trading session.

After achieving the initial target in FCL, we will aim for higher targets of 381.47 tomorrow.

However, if FCL starts to trade below ₹367.97, then we will shift our focus to the sell side and aim for down targets of 361.23 and 354.47.