Price and trend forecast of FCL for Tomorrow, Weekly, Monthly
Fineotex Chemical Limited
Symbol: NSE:FCL
ISIN: INE045J01026
366.50
As on 2024-09-06
FCL's Today's Performance
Fineotex Chemical Limited started the day by opening at 372.05 today 2024-09-06. Its shares reached a high of 377.80 and dipped to a low of 362.20 in intraday. When the markets closed, FCL’s stock price settled at ₹366.50 per share. Also check out its key support and resistance levels.
FCL Buy/Sell Targets
Tomorrow, buy FCL when its price reaches ₹ 366.50 with a stop-loss order at ₹ 362.21. You can set the target price as ₹ 370.79 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 | 384 |
| Tomorrow Down Target 3 | 391 |
Important Levels for FCL
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 360 |
| Tomorrow Up Target 2 | 353 |
| Tomorrow Up Target 3 | 344 |
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 ₹384.
But if FCL falls below the average value of ₹368.83, you can enter a sell side position with target number 1 - ₹360 and second target - ₹353 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 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, FCL has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for FCL is moderate bearish.
Tomorrow's Volume based share price Forecast for FCL
FCL's Volume is currently in a Increasing 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 -22%.
Reversal detection for FCL
FCL may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹364 in morning tomorrow
| Target 1 tomorrow | 375 |
| Target 2 tomorrow | 378 |
| Target 3 tomorrow | 384 |
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 ₹375.47. If Target 1 is achieved, we will aim for Target 2 which is ₹384.43.
But if FCL falls below the average value of ₹368.83, you can enter a sell side position with target number 1 - ₹359.87 and second target - ₹353.23
FCL's Weekly Targets
| 1st Up Target | 377.18 |
| 2nd Up Target | 387.87 |
| 1st Down Target | 356.43 |
| 2nd Down Target | 346.37 |
As the week for FCL ended on bearish sentiments, we can expect further continuation of this sentiment. FCL's initial target will be 377.18 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 356.43 in the upcoming week.
Weekly OHLC Values
| Open | 374.00 |
| High | 377.80 |
| Low | 357.05 |
| Close | 366.50 |
Week for FCL started with an open price of 374.00, and the close was at 366.50. FCL reached the highest of 377.80 and dipped lowest up to 357.05 last week. This indicates a bearish sentiment for the week.
FCL full month swing targets
| Monthly Up Target 1 | 397.93 |
| Monthly Up Target 2 | 408.62 |
| Monthly Down Target 1 | 335.68 |
| Monthly Down Target 2 | 304.87 |
Targets of ₹397.93 can be expected to be reached in the coming month. Once FCL achieved this target, we can aim for the next upside target of ₹408.62.
FCL if fails to hold upside, down targets of ₹335.68 and ₹304.87 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.
Related Stocks in the Same Sector as FCL
| Symbol | Name | Industry |
|---|---|---|
| ULTRACEMCO | UltraTech Cement Limited | Building Materials |
| ASIANPAINT | Asian Paints Limited | Specialty Chemicals |
| JSWSTEEL | JSW Steel Limited | Steel |
| TATASTEEL | Tata Steel Limited | Steel |
| GRASIM | Grasim Industries Limited | Building Materials |
Summary
FCL is expected to reach the target of 375.47 in tomorrow's trading session.
After achieving the initial target in FCL, we will aim for higher targets of 384.43 tomorrow.
However, if FCL starts to trade below ₹368.83, then we will shift our focus to the sell side and aim for down targets of 359.87 and 353.23.