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

Goldiam International Limited

Symbol: NSE:GOLDIAM

ISIN: INE025B01025

174.10

As on 2024-04-24

120.25 (52W Low) 216.50 (52W High)

GOLDIAM's Today's Performance

Goldiam International Limited started the day by opening at 175.40 today 2024-04-24. Its shares reached a high of 177.25 and dipped to a low of 173.05 in intraday. When the markets closed, GOLDIAM’s stock price settled at ₹174.10 per share. Also check out its key support and resistance levels.

GOLDIAM Buy/Sell Targets

Tomorrow, buy GOLDIAM when its price reaches ₹ 174.10 with a stop-loss order at ₹ 171.73. You can set the target price as ₹ 176.47 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 GOLDIAM 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 GOLDIAM

Downside Targets Value in ₹
Tomorrow Down Target 1 177
Tomorrow Down Target 2 179
Tomorrow Down Target 3 181

Important Levels for GOLDIAM

Holding Levels Value in ₹
Tomorrow Up Target 1 172
Tomorrow Up Target 2 171
Tomorrow Up Target 3 168
Based on where the stock opens tomorrow, if GOLDIAM opens on a positive note, our first target will be ₹177. If Target 1 is achieved, we will aim for Target 2 which is ₹179.

But if GOLDIAM falls below the average value of ₹174.80, you can enter a sell side position with target number 1 - ₹172 and second target - ₹171 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 GOLDIAM

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

Based on this, the predicted sentiment for GOLDIAM is moderate bearish.

Tomorrow's Volume based share price Forecast for GOLDIAM

GOLDIAM's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -76%.

Reversal detection for GOLDIAM

Predicted trend chart of GOLDIAM tomorrow for price forecast
GOLDIAM may trend may continue to be bullish since stock is making higher highs and we can get target of ₹174 in morning tomorrow
Target 1 tomorrow176
Target 2 tomorrow177
Target 3 tomorrow179
 

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 GOLDIAM'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 GOLDIAM opens on a positive note, our first target will be ₹176.55. If Target 1 is achieved, we will aim for Target 2 which is ₹179.00.

But if GOLDIAM falls below the average value of ₹174.80, you can enter a sell side position with target number 1 - ₹172.35 and second target - ₹170.60

GOLDIAM's Weekly Targets
1st Up Target 177.42
2nd Up Target 180.73
1st Down Target 171.67
2nd Down Target 169.23

As the week for GOLDIAM ended on bearish sentiments, we can expect further continuation of this sentiment. GOLDIAM's initial target will be 177.42 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 171.67 in the upcoming week.

Weekly OHLC Values
Open 175.00
High 178.30
Low 172.55
Close 174.10

Week for GOLDIAM started with an open price of 175.00, and the close was at 174.10. GOLDIAM reached the highest of 178.30 and dipped lowest up to 172.55 last week. This indicates a bearish sentiment for the week.

GOLDIAM full month swing targets
Monthly Up Target 1 183.17
Monthly Up Target 2 186.48
Monthly Down Target 1 165.92
Monthly Down Target 2 157.73

Targets of ₹183.17 can be expected to be reached in the coming month. Once GOLDIAM achieved this target, we can aim for the next upside target of ₹186.48.

GOLDIAM if fails to hold upside, down targets of ₹165.92 and ₹157.73 can be achieved by end of this month.

For complete three weeks if GOLDIAM 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

GOLDIAM is expected to reach the target of 176.55 in tomorrow's trading session.

After achieving the initial target in GOLDIAM, we will aim for higher targets of 179.00 tomorrow.

However, if GOLDIAM starts to trade below ₹174.80, then we will shift our focus to the sell side and aim for down targets of 172.35 and 170.60.