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

Greenpanel Industries Limited

Symbol: NSE:GREENPANEL

ISIN: INE08ZM01014

317.40

As on 2024-07-23

267.95 (52W Low) 449.90 (52W High)

GREENPANEL's Today's Performance

Greenpanel Industries Limited started the day by opening at 319.00 today 2024-07-23. Its shares reached a high of 320.10 and dipped to a low of 313.60 in intraday. When the markets closed, GREENPANEL’s stock price settled at ₹317.40 per share. Also check out its key support and resistance levels.

GREENPANEL Buy/Sell Targets

Tomorrow, buy GREENPANEL when its price reaches ₹ 317.40 with a stop-loss order at ₹ 313.62. You can set the target price as ₹ 321.18 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 GREENPANEL 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 GREENPANEL

Downside Targets Value in ₹
Tomorrow Down Target 1 320
Tomorrow Down Target 2 324
Tomorrow Down Target 3 327

Important Levels for GREENPANEL

Holding Levels Value in ₹
Tomorrow Up Target 1 314
Tomorrow Up Target 2 311
Tomorrow Up Target 3 307
Based on where the stock opens tomorrow, if GREENPANEL opens on a positive note, our first target will be ₹320. If Target 1 is achieved, we will aim for Target 2 which is ₹324.

But if GREENPANEL falls below the average value of ₹317.03, you can enter a sell side position with target number 1 - ₹314 and second target - ₹311 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 GREENPANEL

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

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

Tomorrow's Volume based share price Forecast for GREENPANEL

GREENPANEL's Volume is currently in a Increasing 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 -32%.

Reversal detection for GREENPANEL

Predicted trend chart of GREENPANEL tomorrow for price forecast
GREENPANEL may trend may continue to be bullish since stock is making higher highs and we can get target of ₹317 in morning tomorrow
Target 1 tomorrow320
Target 2 tomorrow321
Target 3 tomorrow324
 

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 GREENPANEL'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 GREENPANEL opens on a positive note, our first target will be ₹320.47. If Target 1 is achieved, we will aim for Target 2 which is ₹323.53.

But if GREENPANEL falls below the average value of ₹317.03, you can enter a sell side position with target number 1 - ₹313.97 and second target - ₹310.53

GREENPANEL's Weekly Targets
1st Up Target 321.85
2nd Up Target 326.30
1st Down Target 313.15
2nd Down Target 308.90

As the week for GREENPANEL ended on bearish sentiments, we can expect further continuation of this sentiment. GREENPANEL's initial target will be 321.85 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 313.15 in the upcoming week.

Weekly OHLC Values
Open 321.00
High 322.05
Low 313.35
Close 317.40

Week for GREENPANEL started with an open price of 321.00, and the close was at 317.40. GREENPANEL reached the highest of 322.05 and dipped lowest up to 313.35 last week. This indicates a bearish sentiment for the week.

GREENPANEL full month swing targets
Monthly Up Target 1 330.55
Monthly Up Target 2 335.00
Monthly Down Target 1 304.45
Monthly Down Target 2 291.50

Targets of ₹330.55 can be expected to be reached in the coming month. Once GREENPANEL achieved this target, we can aim for the next upside target of ₹335.00.

GREENPANEL if fails to hold upside, down targets of ₹304.45 and ₹291.50 can be achieved by end of this month.

For complete three weeks if GREENPANEL 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

GREENPANEL is expected to reach the target of 320.47 in tomorrow's trading session.

After achieving the initial target in GREENPANEL, we will aim for higher targets of 323.53 tomorrow.

However, if GREENPANEL starts to trade below ₹317.03, then we will shift our focus to the sell side and aim for down targets of 313.97 and 310.53.