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

Geekay Wires Limited

Symbol: NSE:GEEKAYWIRE

ISIN: INE669X01016

112.60

As on 2024-04-12

71.00 (52W Low) 399.80 (52W High)

GEEKAYWIRE's Today's Performance

Geekay Wires Limited started the day by opening at 115.50 today 2024-04-12. Its shares reached a high of 116.00 and dipped to a low of 111.55 in intraday. When the markets closed, GEEKAYWIRE’s stock price settled at ₹112.60 per share. Also check out its key support and resistance levels.

GEEKAYWIRE Buy/Sell Targets

Tomorrow, sell GEEKAYWIRE when its price reaches ₹ 112.60 with a stop-loss order at ₹ 115.79. You can set the target price as ₹ 109.41 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 GEEKAYWIRE 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 GEEKAYWIRE

Resistance Levels Value in ₹
Tomorrow Resistance 1 115
Tomorrow Resistance 2 118
Tomorrow Resistance 3 120

Important Supports for GEEKAYWIRE

Support Levels Value in ₹
Tomorrow Support 1 111
Tomorrow Support 2 109
Tomorrow Support 3 106
Based on where the stock opens tomorrow, if GEEKAYWIRE opens on a positive note, our first target will be ₹115. If Target 1 is achieved, we will aim for Target 2 which is ₹118.

But if GEEKAYWIRE falls below the average value of ₹113.38, you can enter a sell side position with target number 1 - ₹111 and second target - ₹109 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 GEEKAYWIRE

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

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

Tomorrow's Volume based share price Forecast for GEEKAYWIRE

GEEKAYWIRE'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 23%.

Reversal detection for GEEKAYWIRE

Predicted trend chart of GEEKAYWIRE tomorrow for price forecast
GEEKAYWIRE may trend may continue to be bearish since stock is making lower low and we can get target of ₹114 in morning tomorrow
Target 1 tomorrow115
Target 2 tomorrow116
Target 3 tomorrow118
 

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 GEEKAYWIRE'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 GEEKAYWIRE opens on a positive note, our first target will be ₹115.22. If Target 1 is achieved, we will aim for Target 2 which is ₹117.83.

But if GEEKAYWIRE falls below the average value of ₹113.38, you can enter a sell side position with target number 1 - ₹110.77 and second target - ₹108.93

GEEKAYWIRE's Weekly Targets
1st Up Target 120.02
2nd Up Target 127.43
1st Down Target 106.67
2nd Down Target 100.73

As the week for GEEKAYWIRE ended on bearish sentiments, we can expect further continuation of this sentiment. GEEKAYWIRE's initial target will be 120.02 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 106.67 in the upcoming week.

Weekly OHLC Values
Open 117.80
High 121.50
Low 108.15
Close 112.60

Week for GEEKAYWIRE started with an open price of 117.80, and the close was at 112.60. GEEKAYWIRE reached the highest of 121.50 and dipped lowest up to 108.15 last week. This indicates a bearish sentiment for the week.

GEEKAYWIRE full month swing targets
Monthly Up Target 1 133.37
Monthly Up Target 2 140.78
Monthly Down Target 1 93.32
Monthly Down Target 2 74.03

Targets of ₹133.37 can be expected to be reached in the coming month. Once GEEKAYWIRE achieved this target, we can aim for the next upside target of ₹140.78.

GEEKAYWIRE if fails to hold upside, down targets of ₹93.32 and ₹74.03 can be achieved by end of this month.

For complete three weeks if GEEKAYWIRE 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

GEEKAYWIRE is expected to reach the target of 115.22 in tomorrow's trading session.

After achieving the initial target in GEEKAYWIRE, we will aim for higher targets of 117.83 tomorrow.

However, if GEEKAYWIRE starts to trade below ₹113.38, then we will shift our focus to the sell side and aim for down targets of 110.77 and 108.93.