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

Filatex India Limited

Symbol: NSE:FILATEX

ISIN: INE816B01035

58.74

As on 2024-07-24

37.75 (52W Low) 78.00 (52W High)

FILATEX's Today's Performance

Filatex India Limited started the day by opening at 57.91 today 2024-07-24. Its shares reached a high of 60.25 and dipped to a low of 57.68 in intraday. When the markets closed, FILATEX’s stock price settled at ₹58.74 per share. Also check out its key support and resistance levels.

FILATEX Buy/Sell Targets

Tomorrow, buy FILATEX when its price reaches ₹ 58.74 with a stop-loss order at ₹ 55.96. You can set the target price as ₹ 61.52 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 FILATEX 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 FILATEX

Downside Targets Value in ₹
Tomorrow Down Target 1 60
Tomorrow Down Target 2 61
Tomorrow Down Target 3 63

Important Levels for FILATEX

Holding Levels Value in ₹
Tomorrow Up Target 1 58
Tomorrow Up Target 2 56
Tomorrow Up Target 3 55
Based on where the stock opens tomorrow, if FILATEX opens on a positive note, our first target will be ₹60. If Target 1 is achieved, we will aim for Target 2 which is ₹61.

But if FILATEX falls below the average value of ₹58.89, you can enter a sell side position with target number 1 - ₹58 and second target - ₹56 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 FILATEX

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

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

Tomorrow's Volume based share price Forecast for FILATEX

FILATEX'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 129%.

Reversal detection for FILATEX

Predicted trend chart of FILATEX tomorrow for price forecast
FILATEX may trend may continue to be bullish since stock is making higher highs and we can get target of ₹58 in morning tomorrow
Target 1 tomorrow60
Target 2 tomorrow60
Target 3 tomorrow61
 

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 FILATEX'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 FILATEX opens on a positive note, our first target will be ₹60.10. If Target 1 is achieved, we will aim for Target 2 which is ₹61.46.

But if FILATEX falls below the average value of ₹58.89, you can enter a sell side position with target number 1 - ₹57.53 and second target - ₹56.32

FILATEX's Weekly Targets
1st Up Target 62.29
2nd Up Target 65.85
1st Down Target 54.64
2nd Down Target 50.55

As the week for FILATEX ended on bullish sentiments, we can expect further continuation of this sentiment. FILATEX's initial target will be 62.29 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 54.64 in the upcoming week.

Weekly OHLC Values
Open 54.90
High 61.75
Low 54.10
Close 58.74

Week for FILATEX started with an open price of 54.90, and the close was at 58.74. FILATEX reached the highest of 61.75 and dipped lowest up to 54.10 last week. This indicates a bullish sentiment for the week.

FILATEX full month swing targets
Monthly Up Target 1 69.94
Monthly Up Target 2 73.50
Monthly Down Target 1 46.99
Monthly Down Target 2 35.25

Targets of ₹69.94 can be expected to be reached in the coming month. Once FILATEX achieved this target, we can aim for the next upside target of ₹73.50.

FILATEX if fails to hold upside, down targets of ₹46.99 and ₹35.25 can be achieved by end of this month.

For complete three weeks if FILATEX 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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BAJAJ-AUTO Bajaj Auto Limited Auto Manufacturers

Summary

FILATEX is expected to reach the target of 60.10 in tomorrow's trading session.

After achieving the initial target in FILATEX, we will aim for higher targets of 61.46 tomorrow.

However, if FILATEX starts to trade below ₹58.89, then we will shift our focus to the sell side and aim for down targets of 57.53 and 56.32.