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

Gokul Agro Resources Limited

Symbol: NSE:GOKULAGRO

ISIN: INE314T01025

118.85

As on 2024-04-24

94.80 (52W Low) 135.00 (52W High)

GOKULAGRO's Today's Performance

Gokul Agro Resources Limited started the day by opening at 120.00 today 2024-04-24. Its shares reached a high of 122.55 and dipped to a low of 117.10 in intraday. When the markets closed, GOKULAGRO’s stock price settled at ₹118.85 per share. Also check out its key support and resistance levels.

GOKULAGRO Buy/Sell Targets

Tomorrow, sell GOKULAGRO when its price reaches ₹ 118.85 with a stop-loss order at ₹ 121.15. You can set the target price as ₹ 116.55 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 GOKULAGRO 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 GOKULAGRO

Downside Targets Value in ₹
Tomorrow Down Target 1 122
Tomorrow Down Target 2 125
Tomorrow Down Target 3 127

Important Levels for GOKULAGRO

Holding Levels Value in ₹
Tomorrow Up Target 1 116
Tomorrow Up Target 2 114
Tomorrow Up Target 3 111
Based on where the stock opens tomorrow, if GOKULAGRO opens on a positive note, our first target will be ₹122. If Target 1 is achieved, we will aim for Target 2 which is ₹125.

But if GOKULAGRO falls below the average value of ₹119.50, you can enter a sell side position with target number 1 - ₹116 and second target - ₹114 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 GOKULAGRO

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

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

Tomorrow's Volume based share price Forecast for GOKULAGRO

GOKULAGRO'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 47%.

Reversal detection for GOKULAGRO

Predicted trend chart of GOKULAGRO tomorrow for price forecast
GOKULAGRO may trend may continue to be bearish since stock is making lower low and we can get target of ₹119 in morning tomorrow
Target 1 tomorrow122
Target 2 tomorrow123
Target 3 tomorrow125
 

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 GOKULAGRO'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 GOKULAGRO opens on a positive note, our first target will be ₹121.90. If Target 1 is achieved, we will aim for Target 2 which is ₹124.95.

But if GOKULAGRO falls below the average value of ₹119.50, you can enter a sell side position with target number 1 - ₹116.45 and second target - ₹114.05

GOKULAGRO's Weekly Targets
1st Up Target 123.00
2nd Up Target 127.15
1st Down Target 114.25
2nd Down Target 109.65

As the week for GOKULAGRO ended on bullish sentiments, we can expect further continuation of this sentiment. GOKULAGRO's initial target will be 123.00 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 114.25 in the upcoming week.

Weekly OHLC Values
Open 114.40
High 122.55
Low 113.80
Close 118.85

Week for GOKULAGRO started with an open price of 114.40, and the close was at 118.85. GOKULAGRO reached the highest of 122.55 and dipped lowest up to 113.80 last week. This indicates a bullish sentiment for the week.

GOKULAGRO full month swing targets
Monthly Up Target 1 131.75
Monthly Up Target 2 135.90
Monthly Down Target 1 105.50
Monthly Down Target 2 92.15

Targets of ₹131.75 can be expected to be reached in the coming month. Once GOKULAGRO achieved this target, we can aim for the next upside target of ₹135.90.

GOKULAGRO if fails to hold upside, down targets of ₹105.50 and ₹92.15 can be achieved by end of this month.

For complete three weeks if GOKULAGRO 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

GOKULAGRO is expected to reach the target of 121.90 in tomorrow's trading session.

After achieving the initial target in GOKULAGRO, we will aim for higher targets of 124.95 tomorrow.

However, if GOKULAGRO starts to trade below ₹119.50, then we will shift our focus to the sell side and aim for down targets of 116.45 and 114.05.