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

Granules India Limited

Symbol: NSE:GRANULES

ISIN: INE101D01020

415.75

As on 2024-04-16

272.35 (52W Low) 480.45 (52W High)

GRANULES's Today's Performance

Granules India Limited started the day by opening at 408.00 today 2024-04-16. Its shares reached a high of 419.50 and dipped to a low of 404.55 in intraday. When the markets closed, GRANULES’s stock price settled at ₹415.75 per share. Also check out its key support and resistance levels.

GRANULES Buy/Sell Targets

Tomorrow, buy GRANULES when its price reaches ₹ 415.75 with a stop-loss order at ₹ 408.47. You can set the target price as ₹ 423.03 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 GRANULES 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 GRANULES

Resistance Levels Value in ₹
Tomorrow Resistance 1 422
Tomorrow Resistance 2 428
Tomorrow Resistance 3 437

Important Supports for GRANULES

Support Levels Value in ₹
Tomorrow Support 1 407
Tomorrow Support 2 398
Tomorrow Support 3 392
Based on where the stock opens tomorrow, if GRANULES opens on a positive note, our first target will be ₹422. If Target 1 is achieved, we will aim for Target 2 which is ₹428.

But if GRANULES falls below the average value of ₹413.27, you can enter a sell side position with target number 1 - ₹407 and second target - ₹398 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 GRANULES

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

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

Tomorrow's Volume based share price Forecast for GRANULES

GRANULES'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 -25%.

Reversal detection for GRANULES

Predicted trend chart of GRANULES tomorrow for price forecast
GRANULES may trend may continue to be bullish since stock is making higher highs and we can get target of ₹413 in morning tomorrow
Target 1 tomorrow419
Target 2 tomorrow423
Target 3 tomorrow428
 

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 GRANULES'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 GRANULES opens on a positive note, our first target will be ₹421.98. If Target 1 is achieved, we will aim for Target 2 which is ₹428.22.

But if GRANULES falls below the average value of ₹413.27, you can enter a sell side position with target number 1 - ₹407.03 and second target - ₹398.32

GRANULES's Weekly Targets
1st Up Target 423.55
2nd Up Target 431.35
1st Down Target 406.25
2nd Down Target 396.75

As the week for GRANULES ended on bearish sentiments, we can expect further continuation of this sentiment. GRANULES's initial target will be 423.55 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 406.25 in the upcoming week.

Weekly OHLC Values
Open 416.00
High 421.85
Low 404.55
Close 415.75

Week for GRANULES started with an open price of 416.00, and the close was at 415.75. GRANULES reached the highest of 421.85 and dipped lowest up to 404.55 last week. This indicates a bearish sentiment for the week.

GRANULES full month swing targets
Monthly Up Target 1 440.85
Monthly Up Target 2 448.65
Monthly Down Target 1 388.95
Monthly Down Target 2 362.15

Targets of ₹440.85 can be expected to be reached in the coming month. Once GRANULES achieved this target, we can aim for the next upside target of ₹448.65.

GRANULES if fails to hold upside, down targets of ₹388.95 and ₹362.15 can be achieved by end of this month.

For complete three weeks if GRANULES 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

GRANULES is expected to reach the target of 421.98 in tomorrow's trading session.

After achieving the initial target in GRANULES, we will aim for higher targets of 428.22 tomorrow.

However, if GRANULES starts to trade below ₹413.27, then we will shift our focus to the sell side and aim for down targets of 407.03 and 398.32.