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

Ganesh Housing Corporation Limited

Symbol: NSE:GANESHHOUC

ISIN: INE460C01014

751.80

As on 2024-04-19

310.35 (52W Low) 917.40 (52W High)

GANESHHOUC's Today's Performance

Ganesh Housing Corporation Limited started the day by opening at 738.05 today 2024-04-19. Its shares reached a high of 770.00 and dipped to a low of 733.55 in intraday. When the markets closed, GANESHHOUC’s stock price settled at ₹751.80 per share. Also check out its key support and resistance levels.

GANESHHOUC Buy/Sell Targets

Tomorrow, sell GANESHHOUC when its price reaches ₹ 751.80 with a stop-loss order at ₹ 767.89. You can set the target price as ₹ 735.71 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 GANESHHOUC 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 GANESHHOUC

Downside Targets Value in ₹
Tomorrow Down Target 1 770
Tomorrow Down Target 2 788
Tomorrow Down Target 3 806

Important Levels for GANESHHOUC

Holding Levels Value in ₹
Tomorrow Up Target 1 734
Tomorrow Up Target 2 715
Tomorrow Up Target 3 697
Based on where the stock opens tomorrow, if GANESHHOUC opens on a positive note, our first target will be ₹770. If Target 1 is achieved, we will aim for Target 2 which is ₹788.

But if GANESHHOUC falls below the average value of ₹751.78, you can enter a sell side position with target number 1 - ₹734 and second target - ₹715 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 GANESHHOUC

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

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

Tomorrow's Volume based share price Forecast for GANESHHOUC

GANESHHOUC's Volume is currently in a Increasing 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 -25%.

Reversal detection for GANESHHOUC

Predicted trend chart of GANESHHOUC tomorrow for price forecast
GANESHHOUC may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹771 in morning tomorrow
Target 1 tomorrow766
Target 2 tomorrow774
Target 3 tomorrow788
 

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 GANESHHOUC'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 GANESHHOUC opens on a positive note, our first target will be ₹770.02. If Target 1 is achieved, we will aim for Target 2 which is ₹788.23.

But if GANESHHOUC falls below the average value of ₹751.78, you can enter a sell side position with target number 1 - ₹733.57 and second target - ₹715.33

GANESHHOUC's Weekly Targets
1st Up Target 779.37
2nd Up Target 806.93
1st Down Target 728.87
2nd Down Target 705.93

As the week for GANESHHOUC ended on bullish sentiments, we can expect further continuation of this sentiment. GANESHHOUC's initial target will be 779.37 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 728.87 in the upcoming week.

Weekly OHLC Values
Open 734.25
High 784.00
Low 733.50
Close 751.80

Week for GANESHHOUC started with an open price of 734.25, and the close was at 751.80. GANESHHOUC reached the highest of 784.00 and dipped lowest up to 733.50 last week. This indicates a bullish sentiment for the week.

GANESHHOUC full month swing targets
Monthly Up Target 1 829.87
Monthly Up Target 2 857.43
Monthly Down Target 1 678.37
Monthly Down Target 2 604.93

Targets of ₹829.87 can be expected to be reached in the coming month. Once GANESHHOUC achieved this target, we can aim for the next upside target of ₹857.43.

GANESHHOUC if fails to hold upside, down targets of ₹678.37 and ₹604.93 can be achieved by end of this month.

For complete three weeks if GANESHHOUC 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 GANESHHOUC

Symbol Name Industry
DLF DLF Limited Real Estate - Development
LODHA Macrotech Developers Limited Real Estate - Development
GODREJPROP Godrej Properties Limited Real Estate - Development
OBEROIRLTY Oberoi Realty Limited Real Estate - Development
PHOENIXLTD The Phoenix Mills Limited Real Estate - Diversified

Summary

GANESHHOUC is expected to reach the target of 770.02 in tomorrow's trading session.

After achieving the initial target in GANESHHOUC, we will aim for higher targets of 788.23 tomorrow.

However, if GANESHHOUC starts to trade below ₹751.78, then we will shift our focus to the sell side and aim for down targets of 733.57 and 715.33.