Price and trend forecast of GANDHAR for Tomorrow, Weekly, Monthly
Gandhar Oil Refinery (India) Limited
Symbol: NSE:GANDHAR
ISIN: N/A
212.54
As on 2024-07-26
GANDHAR's Today's Performance
Gandhar Oil Refinery (India) Limited started the day by opening at 212.50 today 2024-07-26. Its shares reached a high of 215.70 and dipped to a low of 211.50 in intraday. When the markets closed, GANDHAR’s stock price settled at ₹212.54 per share. Also check out its key support and resistance levels.
GANDHAR Buy/Sell Targets
Tomorrow, buy GANDHAR when its price reaches ₹ 212.54 with a stop-loss order at ₹ 209.65. You can set the target price as ₹ 215.43 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 GANDHAR 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 GANDHAR
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 215 |
| Tomorrow Down Target 2 | 217 |
| Tomorrow Down Target 3 | 219 |
Important Levels for GANDHAR
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 211 |
| Tomorrow Up Target 2 | 209 |
| Tomorrow Up Target 3 | 207 |
Based on where the stock opens tomorrow, if GANDHAR opens on a positive note, our first target will be ₹215. If Target 1 is achieved, we will aim for Target 2 which is ₹217.
But if GANDHAR falls below the average value of ₹213.25, you can enter a sell side position with target number 1 - ₹211 and second target - ₹209 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 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, GANDHAR has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for GANDHAR is strong bullish.
Tomorrow's Volume based share price Forecast for GANDHAR
GANDHAR's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 229%.
Reversal detection for GANDHAR
GANDHAR may trend may continue to be bullish since stock is making higher highs and we can get target of ₹209 in morning tomorrow
| Target 1 tomorrow | 215 |
| Target 2 tomorrow | 216 |
| Target 3 tomorrow | 217 |
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 ₹214.99. If Target 1 is achieved, we will aim for Target 2 which is ₹217.45.
But if GANDHAR falls below the average value of ₹213.25, you can enter a sell side position with target number 1 - ₹210.79 and second target - ₹209.05
GANDHAR's Weekly Targets
| 1st Up Target | 219.49 |
| 2nd Up Target | 226.45 |
| 1st Down Target | 201.79 |
| 2nd Down Target | 191.05 |
As the week for GANDHAR ended on bullish sentiments, we can expect further continuation of this sentiment. GANDHAR's initial target will be 219.49 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 201.79 in the upcoming week.
Weekly OHLC Values
| Open | 204.48 |
| High | 215.70 |
| Low | 198.00 |
| Close | 212.54 |
Week for GANDHAR started with an open price of 204.48, and the close was at 212.54. GANDHAR reached the highest of 215.70 and dipped lowest up to 198.00 last week. This indicates a bullish sentiment for the week.
GANDHAR full month swing targets
| Monthly Up Target 1 | 237.19 |
| Monthly Up Target 2 | 244.15 |
| Monthly Down Target 1 | 184.09 |
| Monthly Down Target 2 | 155.65 |
Targets of ₹237.19 can be expected to be reached in the coming month. Once GANDHAR achieved this target, we can aim for the next upside target of ₹244.15.
GANDHAR if fails to hold upside, down targets of ₹184.09 and ₹155.65 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 214.99 in tomorrow's trading session.
After achieving the initial target in GANDHAR, we will aim for higher targets of 217.45 tomorrow.
However, if GANDHAR starts to trade below ₹213.25, then we will shift our focus to the sell side and aim for down targets of 210.79 and 209.05.