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

Gujarat Narmada Valley Fertilizers and Chemicals Limited

Symbol: NSE:GNFC

ISIN: INE113A01013

670.65

As on 2024-05-17

532.00 (52W Low) 814.90 (52W High)

GNFC's Today's Performance

Gujarat Narmada Valley Fertilizers and Chemicals Limited started the day by opening at 669.65 today 2024-05-17. Its shares reached a high of 671.90 and dipped to a low of 662.90 in intraday. When the markets closed, GNFC’s stock price settled at ₹670.65 per share. Also check out its key support and resistance levels.

GNFC Buy/Sell Targets

Tomorrow, buy GNFC when its price reaches ₹ 670.65 with a stop-loss order at ₹ 664.54. You can set the target price as ₹ 676.76 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 GNFC 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 GNFC

Downside Targets Value in ₹
Tomorrow Down Target 1 674
Tomorrow Down Target 2 677
Tomorrow Down Target 3 683

Important Levels for GNFC

Holding Levels Value in ₹
Tomorrow Up Target 1 665
Tomorrow Up Target 2 659
Tomorrow Up Target 3 656
Based on where the stock opens tomorrow, if GNFC opens on a positive note, our first target will be ₹674. If Target 1 is achieved, we will aim for Target 2 which is ₹677.

But if GNFC falls below the average value of ₹668.48, you can enter a sell side position with target number 1 - ₹665 and second target - ₹659 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 GNFC

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

Based on this, the predicted sentiment for GNFC is strong bullish.

Tomorrow's Volume based share price Forecast for GNFC

GNFC'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 128%.

Reversal detection for GNFC

Predicted trend chart of GNFC tomorrow for price forecast
GNFC may trend may continue to be bullish since stock is making higher highs and we can get target of ₹662 in morning tomorrow
Target 1 tomorrow672
Target 2 tomorrow674
Target 3 tomorrow677
 

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 GNFC'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 GNFC opens on a positive note, our first target will be ₹674.07. If Target 1 is achieved, we will aim for Target 2 which is ₹677.48.

But if GNFC falls below the average value of ₹668.48, you can enter a sell side position with target number 1 - ₹665.07 and second target - ₹659.48

GNFC's Weekly Targets
1st Up Target 684.50
2nd Up Target 698.35
1st Down Target 645.20
2nd Down Target 619.75

As the week for GNFC ended on bullish sentiments, we can expect further continuation of this sentiment. GNFC's initial target will be 684.50 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 645.20 in the upcoming week.

Weekly OHLC Values
Open 647.50
High 672.90
Low 633.60
Close 670.65

Week for GNFC started with an open price of 647.50, and the close was at 670.65. GNFC reached the highest of 672.90 and dipped lowest up to 633.60 last week. This indicates a bullish sentiment for the week.

GNFC full month swing targets
Monthly Up Target 1 723.80
Monthly Up Target 2 737.65
Monthly Down Target 1 605.90
Monthly Down Target 2 541.15

Targets of ₹723.80 can be expected to be reached in the coming month. Once GNFC achieved this target, we can aim for the next upside target of ₹737.65.

GNFC if fails to hold upside, down targets of ₹605.90 and ₹541.15 can be achieved by end of this month.

For complete three weeks if GNFC 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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GRASIM Grasim Industries Limited Building Materials

Summary

GNFC is expected to reach the target of 674.07 in tomorrow's trading session.

After achieving the initial target in GNFC, we will aim for higher targets of 677.48 tomorrow.

However, if GNFC starts to trade below ₹668.48, then we will shift our focus to the sell side and aim for down targets of 665.07 and 659.48.