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

Gabriel India Limited

Symbol: NSE:GABRIEL

ISIN: INE524A01029

359.40

As on 2024-04-12

141.70 (52W Low) 443.95 (52W High)

GABRIEL's Today's Performance

Gabriel India Limited started the day by opening at 358.40 today 2024-04-12. Its shares reached a high of 360.90 and dipped to a low of 351.10 in intraday. When the markets closed, GABRIEL’s stock price settled at ₹359.40 per share. Also check out its key support and resistance levels.

GABRIEL Buy/Sell Targets

Tomorrow, buy GABRIEL when its price reaches ₹ 359.40 with a stop-loss order at ₹ 353.83. You can set the target price as ₹ 364.97 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 GABRIEL for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for GABRIEL

Resistance Levels Value in ₹
Tomorrow Resistance 1 363
Tomorrow Resistance 2 367
Tomorrow Resistance 3 373

Important Supports for GABRIEL

Support Levels Value in ₹
Tomorrow Support 1 353
Tomorrow Support 2 347
Tomorrow Support 3 344
Based on where the stock opens tomorrow, if GABRIEL opens on a positive note, our first target will be ₹363. If Target 1 is achieved, we will aim for Target 2 which is ₹367.

But if GABRIEL falls below the average value of ₹357.13, you can enter a sell side position with target number 1 - ₹353 and second target - ₹347 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 GABRIEL

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

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

Tomorrow's Volume based share price Forecast for GABRIEL

GABRIEL's Volume is currently in a Decreasing 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 41%.

Reversal detection for GABRIEL

Predicted trend chart of GABRIEL tomorrow for price forecast
GABRIEL may trend may continue to be bullish since stock is making higher highs and we can get target of ₹362 in morning tomorrow
Target 1 tomorrow361
Target 2 tomorrow363
Target 3 tomorrow367
 

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 GABRIEL'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 GABRIEL opens on a positive note, our first target will be ₹363.17. If Target 1 is achieved, we will aim for Target 2 which is ₹366.93.

But if GABRIEL falls below the average value of ₹357.13, you can enter a sell side position with target number 1 - ₹353.37 and second target - ₹347.33

GABRIEL's Weekly Targets
1st Up Target 371.57
2nd Up Target 383.73
1st Down Target 349.17
2nd Down Target 338.93

As the week for GABRIEL ended on bearish sentiments, we can expect further continuation of this sentiment. GABRIEL's initial target will be 371.57 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 349.17 in the upcoming week.

Weekly OHLC Values
Open 365.00
High 373.50
Low 351.10
Close 359.40

Week for GABRIEL started with an open price of 365.00, and the close was at 359.40. GABRIEL reached the highest of 373.50 and dipped lowest up to 351.10 last week. This indicates a bearish sentiment for the week.

GABRIEL full month swing targets
Monthly Up Target 1 393.97
Monthly Up Target 2 406.13
Monthly Down Target 1 326.77
Monthly Down Target 2 294.13

Targets of ₹393.97 can be expected to be reached in the coming month. Once GABRIEL achieved this target, we can aim for the next upside target of ₹406.13.

GABRIEL if fails to hold upside, down targets of ₹326.77 and ₹294.13 can be achieved by end of this month.

For complete three weeks if GABRIEL 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

GABRIEL is expected to reach the target of 363.17 in tomorrow's trading session.

After achieving the initial target in GABRIEL, we will aim for higher targets of 366.93 tomorrow.

However, if GABRIEL starts to trade below ₹357.13, then we will shift our focus to the sell side and aim for down targets of 353.37 and 347.33.