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

Geojit Financial Services Limited

Symbol: NSE:GEOJITFSL

ISIN: INE007B01023

82.15

As on 2024-04-12

41.80 (52W Low) 90.00 (52W High)

GEOJITFSL's Today's Performance

Geojit Financial Services Limited started the day by opening at 83.80 today 2024-04-12. Its shares reached a high of 85.50 and dipped to a low of 81.60 in intraday. When the markets closed, GEOJITFSL’s stock price settled at ₹82.15 per share. Also check out its key support and resistance levels.

GEOJITFSL Buy/Sell Targets

Tomorrow, sell GEOJITFSL when its price reaches ₹ 82.15 with a stop-loss order at ₹ 84.08. You can set the target price as ₹ 80.23 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 GEOJITFSL 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 GEOJITFSL

Resistance Levels Value in ₹
Tomorrow Resistance 1 85
Tomorrow Resistance 2 87
Tomorrow Resistance 3 88

Important Supports for GEOJITFSL

Support Levels Value in ₹
Tomorrow Support 1 81
Tomorrow Support 2 79
Tomorrow Support 3 77
Based on where the stock opens tomorrow, if GEOJITFSL opens on a positive note, our first target will be ₹85. If Target 1 is achieved, we will aim for Target 2 which is ₹87.

But if GEOJITFSL falls below the average value of ₹83.08, you can enter a sell side position with target number 1 - ₹81 and second target - ₹79 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 GEOJITFSL

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

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

Tomorrow's Volume based share price Forecast for GEOJITFSL

GEOJITFSL'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 66%.

Reversal detection for GEOJITFSL

Predicted trend chart of GEOJITFSL tomorrow for price forecast
GEOJITFSL may trend may continue to be bearish since stock is making lower low and we can get target of ₹84 in morning tomorrow
Target 1 tomorrow85
Target 2 tomorrow85
Target 3 tomorrow87
 

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 GEOJITFSL'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 GEOJITFSL opens on a positive note, our first target will be ₹84.57. If Target 1 is achieved, we will aim for Target 2 which is ₹86.98.

But if GEOJITFSL falls below the average value of ₹83.08, you can enter a sell side position with target number 1 - ₹80.67 and second target - ₹79.18

GEOJITFSL's Weekly Targets
1st Up Target 86.77
2nd Up Target 91.38
1st Down Target 76.97
2nd Down Target 71.78

As the week for GEOJITFSL ended on bullish sentiments, we can expect further continuation of this sentiment. GEOJITFSL's initial target will be 86.77 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 76.97 in the upcoming week.

Weekly OHLC Values
Open 78.95
High 86.20
Low 76.40
Close 82.15

Week for GEOJITFSL started with an open price of 78.95, and the close was at 82.15. GEOJITFSL reached the highest of 86.20 and dipped lowest up to 76.40 last week. This indicates a bullish sentiment for the week.

GEOJITFSL full month swing targets
Monthly Up Target 1 96.57
Monthly Up Target 2 101.18
Monthly Down Target 1 67.17
Monthly Down Target 2 52.18

Targets of ₹96.57 can be expected to be reached in the coming month. Once GEOJITFSL achieved this target, we can aim for the next upside target of ₹101.18.

GEOJITFSL if fails to hold upside, down targets of ₹67.17 and ₹52.18 can be achieved by end of this month.

For complete three weeks if GEOJITFSL 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 GEOJITFSL

Symbol Name Industry
HDFCBANK HDFC Bank Limited Banks - Regional
ICICIBANK ICICI Bank Limited Banks - Regional
SBIN State Bank of India Banks - Regional
LICI Life Insurance Corporation Of India Insurance - Life
BAJFINANCE Bajaj Finance Limited Credit Services

Summary

GEOJITFSL is expected to reach the target of 84.57 in tomorrow's trading session.

After achieving the initial target in GEOJITFSL, we will aim for higher targets of 86.98 tomorrow.

However, if GEOJITFSL starts to trade below ₹83.08, then we will shift our focus to the sell side and aim for down targets of 80.67 and 79.18.