Stock Information Portal

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

Gandhar Oil Refinery (India) Limited

Symbol: NSE:GANDHAR

ISIN: N/A

219.80

As on 2024-04-12

196.40 (52W Low) 344.05 (52W High)

GANDHAR's Today's Performance

Gandhar Oil Refinery (India) Limited started the day by opening at 220.50 today 2024-04-12. Its shares reached a high of 223.95 and dipped to a low of 219.00 in intraday. When the markets closed, GANDHAR’s stock price settled at ₹219.80 per share. Also check out its key support and resistance levels.

GANDHAR Buy/Sell Targets

Tomorrow, sell GANDHAR when its price reaches ₹ 219.80 with a stop-loss order at ₹ 222.43. You can set the target price as ₹ 217.17 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 GANDHAR 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 GANDHAR

Resistance Levels Value in ₹
Tomorrow Resistance 1 223
Tomorrow Resistance 2 226
Tomorrow Resistance 3 228

Important Supports for GANDHAR

Support Levels Value in ₹
Tomorrow Support 1 218
Tomorrow Support 2 216
Tomorrow Support 3 213
Based on where the stock opens tomorrow, if GANDHAR opens on a positive note, our first target will be ₹223. If Target 1 is achieved, we will aim for Target 2 which is ₹226.

But if GANDHAR falls below the average value of ₹220.92, you can enter a sell side position with target number 1 - ₹218 and second target - ₹216 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 GANDHAR

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

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

Tomorrow's Volume based share price Forecast for GANDHAR

GANDHAR'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 229%.

Reversal detection for GANDHAR

Predicted trend chart of GANDHAR tomorrow for price forecast
GANDHAR may trend may continue to be bearish since stock is making lower low and we can get target of ₹221 in morning tomorrow
Target 1 tomorrow223
Target 2 tomorrow224
Target 3 tomorrow226
 

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 GANDHAR'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 GANDHAR opens on a positive note, our first target will be ₹222.83. If Target 1 is achieved, we will aim for Target 2 which is ₹225.87.

But if GANDHAR falls below the average value of ₹220.92, you can enter a sell side position with target number 1 - ₹217.88 and second target - ₹215.97

GANDHAR's Weekly Targets
1st Up Target 227.25
2nd Up Target 234.70
1st Down Target 215.55
2nd Down Target 211.30

As the week for GANDHAR ended on bearish sentiments, we can expect further continuation of this sentiment. GANDHAR's initial target will be 227.25 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 215.55 in the upcoming week.

Weekly OHLC Values
Open 229.75
High 230.45
Low 218.75
Close 219.80

Week for GANDHAR started with an open price of 229.75, and the close was at 219.80. GANDHAR reached the highest of 230.45 and dipped lowest up to 218.75 last week. This indicates a bearish sentiment for the week.

GANDHAR full month swing targets
Monthly Up Target 1 238.95
Monthly Up Target 2 246.40
Monthly Down Target 1 203.85
Monthly Down Target 2 187.90

Targets of ₹238.95 can be expected to be reached in the coming month. Once GANDHAR achieved this target, we can aim for the next upside target of ₹246.40.

GANDHAR if fails to hold upside, down targets of ₹203.85 and ₹187.90 can be achieved by end of this month.

For complete three weeks if GANDHAR 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.

Related Stocks in the Same Sector as GANDHAR

Symbol Name Industry
RELIANCE Reliance Industries Limited Oil & Gas Refining & Marketing
ADANIENT Adani Enterprises Limited Thermal Coal
ONGC Oil & Natural Gas Corporation Limited Oil & Gas Integrated
COALINDIA Coal India Limited Thermal Coal
IOC Indian Oil Corporation Limited Oil & Gas Refining & Marketing

Summary

GANDHAR is expected to reach the target of 222.83 in tomorrow's trading session.

After achieving the initial target in GANDHAR, we will aim for higher targets of 225.87 tomorrow.

However, if GANDHAR starts to trade below ₹220.92, then we will shift our focus to the sell side and aim for down targets of 217.88 and 215.97.