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

Gujarat Apollo Industries Limited

Symbol: NSE:GUJAPOLLO

ISIN: INE826C01016

262.66

As on 2024-07-19

206.00 (52W Low) 331.70 (52W High)

GUJAPOLLO's Today's Performance

Gujarat Apollo Industries Limited started the day by opening at 271.67 today 2024-07-19. Its shares reached a high of 271.67 and dipped to a low of 260.00 in intraday. When the markets closed, GUJAPOLLO’s stock price settled at ₹262.66 per share. Also check out its key support and resistance levels.

GUJAPOLLO Buy/Sell Targets

Tomorrow, sell GUJAPOLLO when its price reaches ₹ 262.66 with a stop-loss order at ₹ 270.71. You can set the target price as ₹ 254.61 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 GUJAPOLLO 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 GUJAPOLLO

Downside Targets Value in ₹
Tomorrow Down Target 1 270
Tomorrow Down Target 2 276
Tomorrow Down Target 3 281

Important Levels for GUJAPOLLO

Holding Levels Value in ₹
Tomorrow Up Target 1 258
Tomorrow Up Target 2 253
Tomorrow Up Target 3 246
Based on where the stock opens tomorrow, if GUJAPOLLO opens on a positive note, our first target will be ₹270. If Target 1 is achieved, we will aim for Target 2 which is ₹276.

But if GUJAPOLLO falls below the average value of ₹264.78, you can enter a sell side position with target number 1 - ₹258 and second target - ₹253 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 GUJAPOLLO

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

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

Tomorrow's Volume based share price Forecast for GUJAPOLLO

GUJAPOLLO'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 12%.

Reversal detection for GUJAPOLLO

Predicted trend chart of GUJAPOLLO tomorrow for price forecast
GUJAPOLLO may trend may continue to be bearish since stock is making lower low and we can get target of ₹273 in morning tomorrow
Target 1 tomorrow269
Target 2 tomorrow272
Target 3 tomorrow276
 

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 GUJAPOLLO'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 GUJAPOLLO opens on a positive note, our first target will be ₹269.55. If Target 1 is achieved, we will aim for Target 2 which is ₹276.45.

But if GUJAPOLLO falls below the average value of ₹264.78, you can enter a sell side position with target number 1 - ₹257.88 and second target - ₹253.11

GUJAPOLLO's Weekly Targets
1st Up Target 276.44
2nd Up Target 290.21
1st Down Target 252.45
2nd Down Target 242.23

As the week for GUJAPOLLO ended on bearish sentiments, we can expect further continuation of this sentiment. GUJAPOLLO's initial target will be 276.44 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 252.45 in the upcoming week.

Weekly OHLC Values
Open 266.95
High 280.00
Low 256.01
Close 262.66

Week for GUJAPOLLO started with an open price of 266.95, and the close was at 262.66. GUJAPOLLO reached the highest of 280.00 and dipped lowest up to 256.01 last week. This indicates a bearish sentiment for the week.

GUJAPOLLO full month swing targets
Monthly Up Target 1 300.43
Monthly Up Target 2 314.20
Monthly Down Target 1 228.46
Monthly Down Target 2 194.25

Targets of ₹300.43 can be expected to be reached in the coming month. Once GUJAPOLLO achieved this target, we can aim for the next upside target of ₹314.20.

GUJAPOLLO if fails to hold upside, down targets of ₹228.46 and ₹194.25 can be achieved by end of this month.

For complete three weeks if GUJAPOLLO 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

GUJAPOLLO is expected to reach the target of 269.55 in tomorrow's trading session.

After achieving the initial target in GUJAPOLLO, we will aim for higher targets of 276.45 tomorrow.

However, if GUJAPOLLO starts to trade below ₹264.78, then we will shift our focus to the sell side and aim for down targets of 257.88 and 253.11.