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

GRP Limited

Symbol: NSE:GRPLTD

ISIN: INE137I01015

6,500.60

As on 2024-04-19

2,695.00 (52W Low) 6,945.00 (52W High)

GRPLTD's Today's Performance

GRP Limited started the day by opening at 6,553.05 today 2024-04-19. Its shares reached a high of 6,620.80 and dipped to a low of 6,490.05 in intraday. When the markets closed, GRPLTD’s stock price settled at ₹6,500.60 per share. Also check out its key support and resistance levels.

GRPLTD Buy/Sell Targets

Tomorrow, sell GRPLTD when its price reaches ₹ 6,500.60 with a stop-loss order at ₹ 6,582.15. You can set the target price as ₹ 6,419.05 to capture potential gains. This sell 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 GRPLTD 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 GRPLTD

Downside Targets Value in ₹
Tomorrow Down Target 1 6,584
Tomorrow Down Target 2 6,668
Tomorrow Down Target 3 6,715

Important Levels for GRPLTD

Holding Levels Value in ₹
Tomorrow Up Target 1 6,454
Tomorrow Up Target 2 6,406
Tomorrow Up Target 3 6,323
Based on where the stock opens tomorrow, if GRPLTD opens on a positive note, our first target will be ₹6,584. If Target 1 is achieved, we will aim for Target 2 which is ₹6,668.

But if GRPLTD falls below the average value of ₹6,537.15, you can enter a sell side position with target number 1 - ₹6,454 and second target - ₹6,406 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 GRPLTD

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

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

Tomorrow's Volume based share price Forecast for GRPLTD

GRPLTD'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 -18%.

Reversal detection for GRPLTD

Predicted trend chart of GRPLTD tomorrow for price forecast
GRPLTD may trend may continue to be bearish since stock is making lower low and we can get target of ₹6565 in morning tomorrow
Target 1 tomorrow6587
Target 2 tomorrow6618
Target 3 tomorrow6668
 

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 GRPLTD'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 GRPLTD opens on a positive note, our first target will be ₹6,584.25. If Target 1 is achieved, we will aim for Target 2 which is ₹6,667.90.

But if GRPLTD falls below the average value of ₹6,537.15, you can enter a sell side position with target number 1 - ₹6,453.50 and second target - ₹6,406.40

GRPLTD's Weekly Targets
1st Up Target 6,760.73
2nd Up Target 7,020.87
1st Down Target 6,177.73
2nd Down Target 5,854.87

As the week for GRPLTD ended on bullish sentiments, we can expect further continuation of this sentiment. GRPLTD's initial target will be 6,760.73 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 6,177.73 in the upcoming week.

Weekly OHLC Values
Open 6,115.00
High 6,698.00
Low 6,115.00
Close 6,500.60

Week for GRPLTD started with an open price of 6,115.00, and the close was at 6,500.60. GRPLTD reached the highest of 6,698.00 and dipped lowest up to 6,115.00 last week. This indicates a bullish sentiment for the week.

GRPLTD full month swing targets
Monthly Up Target 1 7,343.73
Monthly Up Target 2 7,603.87
Monthly Down Target 1 5,594.73
Monthly Down Target 2 4,688.87

Targets of ₹7,343.73 can be expected to be reached in the coming month. Once GRPLTD achieved this target, we can aim for the next upside target of ₹7,603.87.

GRPLTD if fails to hold upside, down targets of ₹5,594.73 and ₹4,688.87 can be achieved by end of this month.

For complete three weeks if GRPLTD 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 GRPLTD

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MARUTI Maruti Suzuki India Limited Auto Manufacturers
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TATAMOTORS Tata Motors Limited Auto Manufacturers
TITAN Titan Company Limited Luxury Goods
BAJAJ-AUTO Bajaj Auto Limited Auto Manufacturers

Summary

GRPLTD is expected to reach the target of 6,584.25 in tomorrow's trading session.

After achieving the initial target in GRPLTD, we will aim for higher targets of 6,667.90 tomorrow.

However, if GRPLTD starts to trade below ₹6,537.15, then we will shift our focus to the sell side and aim for down targets of 6,453.50 and 6,406.40.