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

Greenply Industries Limited

Symbol: NSE:GREENPLY

ISIN: INE461C01038

316.85

As on 2024-07-24

148.85 (52W Low) 347.00 (52W High)

GREENPLY's Today's Performance

Greenply Industries Limited started the day by opening at 306.10 today 2024-07-24. Its shares reached a high of 318.00 and dipped to a low of 306.10 in intraday. When the markets closed, GREENPLY’s stock price settled at ₹316.85 per share. Also check out its key support and resistance levels.

GREENPLY Buy/Sell Targets

Tomorrow, buy GREENPLY when its price reaches ₹ 316.85 with a stop-loss order at ₹ 310.33. You can set the target price as ₹ 323.37 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 GREENPLY 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 GREENPLY

Downside Targets Value in ₹
Tomorrow Down Target 1 321
Tomorrow Down Target 2 326
Tomorrow Down Target 3 333

Important Levels for GREENPLY

Holding Levels Value in ₹
Tomorrow Up Target 1 309
Tomorrow Up Target 2 302
Tomorrow Up Target 3 297
Based on where the stock opens tomorrow, if GREENPLY opens on a positive note, our first target will be ₹321. If Target 1 is achieved, we will aim for Target 2 which is ₹326.

But if GREENPLY falls below the average value of ₹313.65, you can enter a sell side position with target number 1 - ₹309 and second target - ₹302 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 GREENPLY

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

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

Tomorrow's Volume based share price Forecast for GREENPLY

GREENPLY'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 282%.

Reversal detection for GREENPLY

Predicted trend chart of GREENPLY tomorrow for price forecast
GREENPLY may trend may continue to be bullish since stock is making higher highs and we can get target of ₹306 in morning tomorrow
Target 1 tomorrow318
Target 2 tomorrow321
Target 3 tomorrow326
 

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 GREENPLY'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 GREENPLY opens on a positive note, our first target will be ₹321.20. If Target 1 is achieved, we will aim for Target 2 which is ₹325.55.

But if GREENPLY falls below the average value of ₹313.65, you can enter a sell side position with target number 1 - ₹309.30 and second target - ₹301.75

GREENPLY's Weekly Targets
1st Up Target 324.57
2nd Up Target 332.28
1st Down Target 302.57
2nd Down Target 288.28

As the week for GREENPLY ended on bullish sentiments, we can expect further continuation of this sentiment. GREENPLY's initial target will be 324.57 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 302.57 in the upcoming week.

Weekly OHLC Values
Open 300.00
High 318.00
Low 296.00
Close 316.85

Week for GREENPLY started with an open price of 300.00, and the close was at 316.85. GREENPLY reached the highest of 318.00 and dipped lowest up to 296.00 last week. This indicates a bullish sentiment for the week.

GREENPLY full month swing targets
Monthly Up Target 1 346.57
Monthly Up Target 2 354.28
Monthly Down Target 1 280.57
Monthly Down Target 2 244.28

Targets of ₹346.57 can be expected to be reached in the coming month. Once GREENPLY achieved this target, we can aim for the next upside target of ₹354.28.

GREENPLY if fails to hold upside, down targets of ₹280.57 and ₹244.28 can be achieved by end of this month.

For complete three weeks if GREENPLY 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

GREENPLY is expected to reach the target of 321.20 in tomorrow's trading session.

After achieving the initial target in GREENPLY, we will aim for higher targets of 325.55 tomorrow.

However, if GREENPLY starts to trade below ₹313.65, then we will shift our focus to the sell side and aim for down targets of 309.30 and 301.75.