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

Finolex Industries Limited

Symbol: NSE:FINPIPE

ISIN: INE183A01024

252.05

As on 2024-04-19

161.50 (52W Low) 264.80 (52W High)

FINPIPE's Today's Performance

Finolex Industries Limited started the day by opening at 249.50 today 2024-04-19. Its shares reached a high of 255.90 and dipped to a low of 246.10 in intraday. When the markets closed, FINPIPE’s stock price settled at ₹252.05 per share. Also check out its key support and resistance levels.

FINPIPE Buy/Sell Targets

Tomorrow, sell FINPIPE when its price reaches ₹ 252.05 with a stop-loss order at ₹ 257.18. You can set the target price as ₹ 246.93 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 FINPIPE 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 FINPIPE

Downside Targets Value in ₹
Tomorrow Down Target 1 257
Tomorrow Down Target 2 261
Tomorrow Down Target 3 266

Important Levels for FINPIPE

Holding Levels Value in ₹
Tomorrow Up Target 1 247
Tomorrow Up Target 2 242
Tomorrow Up Target 3 237
Based on where the stock opens tomorrow, if FINPIPE opens on a positive note, our first target will be ₹257. If Target 1 is achieved, we will aim for Target 2 which is ₹261.

But if FINPIPE falls below the average value of ₹251.35, you can enter a sell side position with target number 1 - ₹247 and second target - ₹242 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 FINPIPE

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

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

Tomorrow's Volume based share price Forecast for FINPIPE

FINPIPE'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 62%.

Reversal detection for FINPIPE

Predicted trend chart of FINPIPE tomorrow for price forecast
FINPIPE may trend may continue to be bearish since stock is making lower low and we can get target of ₹252 in morning tomorrow
Target 1 tomorrow255
Target 2 tomorrow257
Target 3 tomorrow261
 

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 FINPIPE'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 FINPIPE opens on a positive note, our first target will be ₹256.60. If Target 1 is achieved, we will aim for Target 2 which is ₹261.15.

But if FINPIPE falls below the average value of ₹251.35, you can enter a sell side position with target number 1 - ₹246.80 and second target - ₹241.55

FINPIPE's Weekly Targets
1st Up Target 260.15
2nd Up Target 268.25
1st Down Target 241.50
2nd Down Target 230.95

As the week for FINPIPE ended on bullish sentiments, we can expect further continuation of this sentiment. FINPIPE's initial target will be 260.15 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 241.50 in the upcoming week.

Weekly OHLC Values
Open 244.00
High 257.70
Low 239.05
Close 252.05

Week for FINPIPE started with an open price of 244.00, and the close was at 252.05. FINPIPE reached the highest of 257.70 and dipped lowest up to 239.05 last week. This indicates a bullish sentiment for the week.

FINPIPE full month swing targets
Monthly Up Target 1 278.80
Monthly Up Target 2 286.90
Monthly Down Target 1 222.85
Monthly Down Target 2 193.65

Targets of ₹278.80 can be expected to be reached in the coming month. Once FINPIPE achieved this target, we can aim for the next upside target of ₹286.90.

FINPIPE if fails to hold upside, down targets of ₹222.85 and ₹193.65 can be achieved by end of this month.

For complete three weeks if FINPIPE 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

FINPIPE is expected to reach the target of 256.60 in tomorrow's trading session.

After achieving the initial target in FINPIPE, we will aim for higher targets of 261.15 tomorrow.

However, if FINPIPE starts to trade below ₹251.35, then we will shift our focus to the sell side and aim for down targets of 246.80 and 241.55.