Stock Information Portal

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

Goodluck India Limited

Symbol: NSE:GOODLUCK

ISIN: INE127I01024

927.15

As on 2024-06-13

397.60 (52W Low) 1,168.75 (52W High)

GOODLUCK's Today's Performance

Goodluck India Limited started the day by opening at 936.00 today 2024-06-13. Its shares reached a high of 948.00 and dipped to a low of 920.10 in intraday. When the markets closed, GOODLUCK’s stock price settled at ₹927.15 per share. Also check out its key support and resistance levels.

GOODLUCK Buy/Sell Targets

Tomorrow, buy GOODLUCK when its price reaches ₹ 927.15 with a stop-loss order at ₹ 911.06. You can set the target price as ₹ 943.24 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 GOODLUCK 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 GOODLUCK

Downside Targets Value in ₹
Tomorrow Down Target 1 943
Tomorrow Down Target 2 960
Tomorrow Down Target 3 971

Important Levels for GOODLUCK

Holding Levels Value in ₹
Tomorrow Up Target 1 916
Tomorrow Up Target 2 904
Tomorrow Up Target 3 888
Based on where the stock opens tomorrow, if GOODLUCK opens on a positive note, our first target will be ₹943. If Target 1 is achieved, we will aim for Target 2 which is ₹960.

But if GOODLUCK falls below the average value of ₹931.75, you can enter a sell side position with target number 1 - ₹916 and second target - ₹904 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 GOODLUCK

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

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

Tomorrow's Volume based share price Forecast for GOODLUCK

GOODLUCK'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 -63%.

Reversal detection for GOODLUCK

Predicted trend chart of GOODLUCK tomorrow for price forecast
GOODLUCK may trend may continue to be bullish since stock is making higher highs and we can get target of ₹912 in morning tomorrow
Target 1 tomorrow942
Target 2 tomorrow949
Target 3 tomorrow960
 

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 GOODLUCK'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 GOODLUCK opens on a positive note, our first target will be ₹943.40. If Target 1 is achieved, we will aim for Target 2 which is ₹959.65.

But if GOODLUCK falls below the average value of ₹931.75, you can enter a sell side position with target number 1 - ₹915.50 and second target - ₹903.85

GOODLUCK's Weekly Targets
1st Up Target 963.42
2nd Up Target 999.68
1st Down Target 875.47
2nd Down Target 823.78

As the week for GOODLUCK ended on bullish sentiments, we can expect further continuation of this sentiment. GOODLUCK's initial target will be 963.42 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 875.47 in the upcoming week.

Weekly OHLC Values
Open 879.95
High 948.00
Low 860.05
Close 927.15

Week for GOODLUCK started with an open price of 879.95, and the close was at 927.15. GOODLUCK reached the highest of 948.00 and dipped lowest up to 860.05 last week. This indicates a bullish sentiment for the week.

GOODLUCK full month swing targets
Monthly Up Target 1 1,051.37
Monthly Up Target 2 1,087.63
Monthly Down Target 1 787.52
Monthly Down Target 2 647.88

Targets of ₹1,051.37 can be expected to be reached in the coming month. Once GOODLUCK achieved this target, we can aim for the next upside target of ₹1,087.63.

GOODLUCK if fails to hold upside, down targets of ₹787.52 and ₹647.88 can be achieved by end of this month.

For complete three weeks if GOODLUCK 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 GOODLUCK

Symbol Name Industry
ULTRACEMCO UltraTech Cement Limited Building Materials
ASIANPAINT Asian Paints Limited Specialty Chemicals
JSWSTEEL JSW Steel Limited Steel
TATASTEEL Tata Steel Limited Steel
GRASIM Grasim Industries Limited Building Materials

Summary

GOODLUCK is expected to reach the target of 943.40 in tomorrow's trading session.

After achieving the initial target in GOODLUCK, we will aim for higher targets of 959.65 tomorrow.

However, if GOODLUCK starts to trade below ₹931.75, then we will shift our focus to the sell side and aim for down targets of 915.50 and 903.85.