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

Fineotex Chemical Limited

Symbol: NSE:FCL

ISIN: INE045J01026

366.75

As on 2024-04-19

233.10 (52W Low) 458.85 (52W High)

FCL's Today's Performance

Fineotex Chemical Limited started the day by opening at 366.00 today 2024-04-19. Its shares reached a high of 369.00 and dipped to a low of 359.10 in intraday. When the markets closed, FCL’s stock price settled at ₹366.75 per share. Also check out its key support and resistance levels.

FCL Buy/Sell Targets

Tomorrow, sell FCL when its price reaches ₹ 366.75 with a stop-loss order at ₹ 371.39. You can set the target price as ₹ 362.11 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 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 1 371
Tomorrow Down Target 2 375
Tomorrow Down Target 3 381

Important Levels for FCL

Holding Levels Value in ₹
Tomorrow Up Target 1 361
Tomorrow Up Target 2 355
Tomorrow Up Target 3 351
Based on where the stock opens tomorrow, if FCL opens on a positive note, our first target will be ₹371. If Target 1 is achieved, we will aim for Target 2 which is ₹375.

But if FCL falls below the average value of ₹364.95, you can enter a sell side position with target number 1 - ₹361 and second target - ₹355 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

Predicted trend chart of FCL tomorrow for price forecast
FCL may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹375 in morning tomorrow
Target 1 tomorrow369
Target 2 tomorrow371
Target 3 tomorrow375
 

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 ₹370.80. If Target 1 is achieved, we will aim for Target 2 which is ₹374.85.

But if FCL falls below the average value of ₹364.95, you can enter a sell side position with target number 1 - ₹360.90 and second target - ₹355.05

FCL's Weekly Targets
1st Up Target 381.47
2nd Up Target 396.18
1st Down Target 355.57
2nd Down Target 344.38

As the week for FCL ended on bearish sentiments, we can expect further continuation of this sentiment. FCL's initial target will be 381.47 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 355.57 in the upcoming week.

Weekly OHLC Values
Open 385.00
High 385.00
Low 359.10
Close 366.75

Week for FCL started with an open price of 385.00, and the close was at 366.75. FCL reached the highest of 385.00 and dipped lowest up to 359.10 last week. This indicates a bearish sentiment for the week.

FCL full month swing targets
Monthly Up Target 1 407.37
Monthly Up Target 2 422.08
Monthly Down Target 1 329.67
Monthly Down Target 2 292.58

Targets of ₹407.37 can be expected to be reached in the coming month. Once FCL achieved this target, we can aim for the next upside target of ₹422.08.

FCL if fails to hold upside, down targets of ₹329.67 and ₹292.58 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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Summary

FCL is expected to reach the target of 370.80 in tomorrow's trading session.

After achieving the initial target in FCL, we will aim for higher targets of 374.85 tomorrow.

However, if FCL starts to trade below ₹364.95, then we will shift our focus to the sell side and aim for down targets of 360.90 and 355.05.