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

Gujarat Fluorochemicals Limited

Symbol: NSE:FLUOROCHEM

ISIN: INE09N301011

3,598.15

As on 2024-04-19

2,537.00 (52W Low) 3,920.00 (52W High)

FLUOROCHEM's Today's Performance

Gujarat Fluorochemicals Limited started the day by opening at 3,590.00 today 2024-04-19. Its shares reached a high of 3,638.95 and dipped to a low of 3,555.00 in intraday. When the markets closed, FLUOROCHEM’s stock price settled at ₹3,598.15 per share. Also check out its key support and resistance levels.

FLUOROCHEM Buy/Sell Targets

Tomorrow, sell FLUOROCHEM when its price reaches ₹ 3,598.15 with a stop-loss order at ₹ 3,652.22. You can set the target price as ₹ 3,544.08 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 FLUOROCHEM 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 FLUOROCHEM

Downside Targets Value in ₹
Tomorrow Down Target 1 3,640
Tomorrow Down Target 2 3,681
Tomorrow Down Target 3 3,724

Important Levels for FLUOROCHEM

Holding Levels Value in ₹
Tomorrow Up Target 1 3,556
Tomorrow Up Target 2 3,513
Tomorrow Up Target 3 3,472
Based on where the stock opens tomorrow, if FLUOROCHEM opens on a positive note, our first target will be ₹3,640. If Target 1 is achieved, we will aim for Target 2 which is ₹3,681.

But if FLUOROCHEM falls below the average value of ₹3,597.37, you can enter a sell side position with target number 1 - ₹3,556 and second target - ₹3,513 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 FLUOROCHEM

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

Based on this, the predicted sentiment for FLUOROCHEM is moderate bullish.

Tomorrow's Volume based share price Forecast for FLUOROCHEM

FLUOROCHEM's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -61%.

Reversal detection for FLUOROCHEM

Predicted trend chart of FLUOROCHEM tomorrow for price forecast
FLUOROCHEM may trend may continue to be bearish since stock is making lower low and we can get target of ₹3602 in morning tomorrow
Target 1 tomorrow3629
Target 2 tomorrow3649
Target 3 tomorrow3681
 

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 FLUOROCHEM'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 FLUOROCHEM opens on a positive note, our first target will be ₹3,639.73. If Target 1 is achieved, we will aim for Target 2 which is ₹3,681.32.

But if FLUOROCHEM falls below the average value of ₹3,597.37, you can enter a sell side position with target number 1 - ₹3,555.78 and second target - ₹3,513.42

FLUOROCHEM's Weekly Targets
1st Up Target 3,717.97
2nd Up Target 3,837.78
1st Down Target 3,443.17
2nd Down Target 3,288.18

As the week for FLUOROCHEM ended on bullish sentiments, we can expect further continuation of this sentiment. FLUOROCHEM's initial target will be 3,717.97 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 3,443.17 in the upcoming week.

Weekly OHLC Values
Open 3,547.00
High 3,682.80
Low 3,408.00
Close 3,598.15

Week for FLUOROCHEM started with an open price of 3,547.00, and the close was at 3,598.15. FLUOROCHEM reached the highest of 3,682.80 and dipped lowest up to 3,408.00 last week. This indicates a bullish sentiment for the week.

FLUOROCHEM full month swing targets
Monthly Up Target 1 3,992.77
Monthly Up Target 2 4,112.58
Monthly Down Target 1 3,168.37
Monthly Down Target 2 2,738.58

Targets of ₹3,992.77 can be expected to be reached in the coming month. Once FLUOROCHEM achieved this target, we can aim for the next upside target of ₹4,112.58.

FLUOROCHEM if fails to hold upside, down targets of ₹3,168.37 and ₹2,738.58 can be achieved by end of this month.

For complete three weeks if FLUOROCHEM 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

FLUOROCHEM is expected to reach the target of 3,639.73 in tomorrow's trading session.

After achieving the initial target in FLUOROCHEM, we will aim for higher targets of 3,681.32 tomorrow.

However, if FLUOROCHEM starts to trade below ₹3,597.37, then we will shift our focus to the sell side and aim for down targets of 3,555.78 and 3,513.42.