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

Focus Lighting and Fixtures Limited

Symbol: NSE:FOCUS

ISIN: INE593W01010

135.09

As on 2024-07-24

131.20 (52W Low) 898.40 (52W High)

FOCUS's Today's Performance

Focus Lighting and Fixtures Limited started the day by opening at 134.68 today 2024-07-24. Its shares reached a high of 137.00 and dipped to a low of 133.60 in intraday. When the markets closed, FOCUS’s stock price settled at ₹135.09 per share. Also check out its key support and resistance levels.

FOCUS Buy/Sell Targets

Tomorrow, buy FOCUS when its price reaches ₹ 135.09 with a stop-loss order at ₹ 132.13. You can set the target price as ₹ 138.05 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 FOCUS 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 FOCUS

Downside Targets Value in ₹
Tomorrow Down Target 1 137
Tomorrow Down Target 2 139
Tomorrow Down Target 3 140

Important Levels for FOCUS

Holding Levels Value in ₹
Tomorrow Up Target 1 133
Tomorrow Up Target 2 132
Tomorrow Up Target 3 130
Based on where the stock opens tomorrow, if FOCUS opens on a positive note, our first target will be ₹137. If Target 1 is achieved, we will aim for Target 2 which is ₹139.

But if FOCUS falls below the average value of ₹135.23, you can enter a sell side position with target number 1 - ₹133 and second target - ₹132 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 FOCUS

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

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

Tomorrow's Volume based share price Forecast for FOCUS

FOCUS'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 -43%.

Reversal detection for FOCUS

Predicted trend chart of FOCUS tomorrow for price forecast
FOCUS may trend may continue to be bullish since stock is making higher highs and we can get target of ₹134 in morning tomorrow
Target 1 tomorrow137
Target 2 tomorrow137
Target 3 tomorrow139
 

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 FOCUS'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 FOCUS opens on a positive note, our first target will be ₹136.86. If Target 1 is achieved, we will aim for Target 2 which is ₹138.63.

But if FOCUS falls below the average value of ₹135.23, you can enter a sell side position with target number 1 - ₹133.46 and second target - ₹131.83

FOCUS's Weekly Targets
1st Up Target 141.63
2nd Up Target 148.16
1st Down Target 129.88
2nd Down Target 124.66

As the week for FOCUS ended on bearish sentiments, we can expect further continuation of this sentiment. FOCUS's initial target will be 141.63 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 129.88 in the upcoming week.

Weekly OHLC Values
Open 138.27
High 142.95
Low 131.20
Close 135.09

Week for FOCUS started with an open price of 138.27, and the close was at 135.09. FOCUS reached the highest of 142.95 and dipped lowest up to 131.20 last week. This indicates a bearish sentiment for the week.

FOCUS full month swing targets
Monthly Up Target 1 153.38
Monthly Up Target 2 159.91
Monthly Down Target 1 118.13
Monthly Down Target 2 101.16

Targets of ₹153.38 can be expected to be reached in the coming month. Once FOCUS achieved this target, we can aim for the next upside target of ₹159.91.

FOCUS if fails to hold upside, down targets of ₹118.13 and ₹101.16 can be achieved by end of this month.

For complete three weeks if FOCUS 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

FOCUS is expected to reach the target of 136.86 in tomorrow's trading session.

After achieving the initial target in FOCUS, we will aim for higher targets of 138.63 tomorrow.

However, if FOCUS starts to trade below ₹135.23, then we will shift our focus to the sell side and aim for down targets of 133.46 and 131.83.