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

Fedbank Financial Services Limited

Symbol: NSE:FEDFINA

ISIN: N/A

122.25

As on 2024-04-19

108.75 (52W Low) 153.60 (52W High)

FEDFINA's Today's Performance

Fedbank Financial Services Limited started the day by opening at 123.00 today 2024-04-19. Its shares reached a high of 124.00 and dipped to a low of 120.60 in intraday. When the markets closed, FEDFINA’s stock price settled at ₹122.25 per share. Also check out its key support and resistance levels.

FEDFINA Buy/Sell Targets

Tomorrow, sell FEDFINA when its price reaches ₹ 122.25 with a stop-loss order at ₹ 124.54. You can set the target price as ₹ 119.96 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 FEDFINA 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 FEDFINA

Downside Targets Value in ₹
Tomorrow Down Target 1 124
Tomorrow Down Target 2 126
Tomorrow Down Target 3 127

Important Levels for FEDFINA

Holding Levels Value in ₹
Tomorrow Up Target 1 121
Tomorrow Up Target 2 119
Tomorrow Up Target 3 117
Based on where the stock opens tomorrow, if FEDFINA opens on a positive note, our first target will be ₹124. If Target 1 is achieved, we will aim for Target 2 which is ₹126.

But if FEDFINA falls below the average value of ₹122.28, you can enter a sell side position with target number 1 - ₹121 and second target - ₹119 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 FEDFINA

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

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

Tomorrow's Volume based share price Forecast for FEDFINA

FEDFINA'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 283%.

Reversal detection for FEDFINA

Predicted trend chart of FEDFINA tomorrow for price forecast
FEDFINA may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹124 in morning tomorrow
Target 1 tomorrow124
Target 2 tomorrow124
Target 3 tomorrow126
 

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 FEDFINA'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 FEDFINA opens on a positive note, our first target will be ₹123.97. If Target 1 is achieved, we will aim for Target 2 which is ₹125.68.

But if FEDFINA falls below the average value of ₹122.28, you can enter a sell side position with target number 1 - ₹120.57 and second target - ₹118.88

FEDFINA's Weekly Targets
1st Up Target 126.60
2nd Up Target 130.95
1st Down Target 118.30
2nd Down Target 114.35

As the week for FEDFINA ended on bullish sentiments, we can expect further continuation of this sentiment. FEDFINA's initial target will be 126.60 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 118.30 in the upcoming week.

Weekly OHLC Values
Open 120.95
High 127.00
Low 118.70
Close 122.25

Week for FEDFINA started with an open price of 120.95, and the close was at 122.25. FEDFINA reached the highest of 127.00 and dipped lowest up to 118.70 last week. This indicates a bullish sentiment for the week.

FEDFINA full month swing targets
Monthly Up Target 1 134.90
Monthly Up Target 2 139.25
Monthly Down Target 1 110.00
Monthly Down Target 2 97.75

Targets of ₹134.90 can be expected to be reached in the coming month. Once FEDFINA achieved this target, we can aim for the next upside target of ₹139.25.

FEDFINA if fails to hold upside, down targets of ₹110.00 and ₹97.75 can be achieved by end of this month.

For complete three weeks if FEDFINA 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 FEDFINA

Symbol Name Industry
HDFCBANK HDFC Bank Limited Banks - Regional
ICICIBANK ICICI Bank Limited Banks - Regional
SBIN State Bank of India Banks - Regional
LICI Life Insurance Corporation Of India Insurance - Life
BAJFINANCE Bajaj Finance Limited Credit Services

Summary

FEDFINA is expected to reach the target of 123.97 in tomorrow's trading session.

After achieving the initial target in FEDFINA, we will aim for higher targets of 125.68 tomorrow.

However, if FEDFINA starts to trade below ₹122.28, then we will shift our focus to the sell side and aim for down targets of 120.57 and 118.88.