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

GHCL Limited

Symbol: NSE:GHCL

ISIN: INE539A01019

503.70

As on 2024-04-12

434.95 (52W Low) 659.90 (52W High)

GHCL's Today's Performance

GHCL Limited started the day by opening at 503.00 today 2024-04-12. Its shares reached a high of 511.95 and dipped to a low of 500.05 in intraday. When the markets closed, GHCL’s stock price settled at ₹503.70 per share. Also check out its key support and resistance levels.

GHCL Buy/Sell Targets

Tomorrow, sell GHCL when its price reaches ₹ 503.70 with a stop-loss order at ₹ 511.13. You can set the target price as ₹ 496.27 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 GHCL 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 GHCL

Resistance Levels Value in ₹
Tomorrow Resistance 1 510
Tomorrow Resistance 2 517
Tomorrow Resistance 3 522

Important Supports for GHCL

Support Levels Value in ₹
Tomorrow Support 1 499
Tomorrow Support 2 493
Tomorrow Support 3 487
Based on where the stock opens tomorrow, if GHCL opens on a positive note, our first target will be ₹510. If Target 1 is achieved, we will aim for Target 2 which is ₹517.

But if GHCL falls below the average value of ₹505.23, you can enter a sell side position with target number 1 - ₹499 and second target - ₹493 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 GHCL

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

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

Tomorrow's Volume based share price Forecast for GHCL

GHCL'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 -18%.

Reversal detection for GHCL

Predicted trend chart of GHCL tomorrow for price forecast
GHCL may trend may continue to be bearish since stock is making lower low and we can get target of ₹503 in morning tomorrow
Target 1 tomorrow510
Target 2 tomorrow513
Target 3 tomorrow517
 

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 GHCL'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 GHCL opens on a positive note, our first target will be ₹510.42. If Target 1 is achieved, we will aim for Target 2 which is ₹517.13.

But if GHCL falls below the average value of ₹505.23, you can enter a sell side position with target number 1 - ₹498.52 and second target - ₹493.33

GHCL's Weekly Targets
1st Up Target 516.28
2nd Up Target 528.87
1st Down Target 488.53
2nd Down Target 473.37

As the week for GHCL ended on bearish sentiments, we can expect further continuation of this sentiment. GHCL's initial target will be 516.28 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 488.53 in the upcoming week.

Weekly OHLC Values
Open 504.50
High 513.70
Low 485.95
Close 503.70

Week for GHCL started with an open price of 504.50, and the close was at 503.70. GHCL reached the highest of 513.70 and dipped lowest up to 485.95 last week. This indicates a bearish sentiment for the week.

GHCL full month swing targets
Monthly Up Target 1 544.03
Monthly Up Target 2 556.62
Monthly Down Target 1 460.78
Monthly Down Target 2 417.87

Targets of ₹544.03 can be expected to be reached in the coming month. Once GHCL achieved this target, we can aim for the next upside target of ₹556.62.

GHCL if fails to hold upside, down targets of ₹460.78 and ₹417.87 can be achieved by end of this month.

For complete three weeks if GHCL 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

GHCL is expected to reach the target of 510.42 in tomorrow's trading session.

After achieving the initial target in GHCL, we will aim for higher targets of 517.13 tomorrow.

However, if GHCL starts to trade below ₹505.23, then we will shift our focus to the sell side and aim for down targets of 498.52 and 493.33.