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

Gulshan Polyols Limited

Symbol: NSE:GULPOLY

ISIN: INE255D01024

205.60

As on 2024-04-24

159.90 (52W Low) 299.80 (52W High)

GULPOLY's Today's Performance

Gulshan Polyols Limited started the day by opening at 208.90 today 2024-04-24. Its shares reached a high of 209.75 and dipped to a low of 204.45 in intraday. When the markets closed, GULPOLY’s stock price settled at ₹205.60 per share. Also check out its key support and resistance levels.

GULPOLY Buy/Sell Targets

Tomorrow, sell GULPOLY when its price reaches ₹ 205.60 with a stop-loss order at ₹ 208.33. You can set the target price as ₹ 202.88 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 GULPOLY 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 GULPOLY

Downside Targets Value in ₹
Tomorrow Down Target 1 209
Tomorrow Down Target 2 212
Tomorrow Down Target 3 214

Important Levels for GULPOLY

Holding Levels Value in ₹
Tomorrow Up Target 1 203
Tomorrow Up Target 2 201
Tomorrow Up Target 3 198
Based on where the stock opens tomorrow, if GULPOLY opens on a positive note, our first target will be ₹209. If Target 1 is achieved, we will aim for Target 2 which is ₹212.

But if GULPOLY falls below the average value of ₹206.60, you can enter a sell side position with target number 1 - ₹203 and second target - ₹201 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 GULPOLY

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

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

Tomorrow's Volume based share price Forecast for GULPOLY

GULPOLY'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 93%.

Reversal detection for GULPOLY

Predicted trend chart of GULPOLY tomorrow for price forecast
GULPOLY may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹209 in morning tomorrow
Target 1 tomorrow209
Target 2 tomorrow210
Target 3 tomorrow212
 

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 GULPOLY'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 GULPOLY opens on a positive note, our first target will be ₹208.75. If Target 1 is achieved, we will aim for Target 2 which is ₹211.90.

But if GULPOLY falls below the average value of ₹206.60, you can enter a sell side position with target number 1 - ₹203.45 and second target - ₹201.30

GULPOLY's Weekly Targets
1st Up Target 210.78
2nd Up Target 215.97
1st Down Target 202.43
2nd Down Target 199.27

As the week for GULPOLY ended on bearish sentiments, we can expect further continuation of this sentiment. GULPOLY's initial target will be 210.78 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 202.43 in the upcoming week.

Weekly OHLC Values
Open 206.00
High 212.80
Low 204.45
Close 205.60

Week for GULPOLY started with an open price of 206.00, and the close was at 205.60. GULPOLY reached the highest of 212.80 and dipped lowest up to 204.45 last week. This indicates a bearish sentiment for the week.

GULPOLY full month swing targets
Monthly Up Target 1 219.13
Monthly Up Target 2 224.32
Monthly Down Target 1 194.08
Monthly Down Target 2 182.57

Targets of ₹219.13 can be expected to be reached in the coming month. Once GULPOLY achieved this target, we can aim for the next upside target of ₹224.32.

GULPOLY if fails to hold upside, down targets of ₹194.08 and ₹182.57 can be achieved by end of this month.

For complete three weeks if GULPOLY 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

GULPOLY is expected to reach the target of 208.75 in tomorrow's trading session.

After achieving the initial target in GULPOLY, we will aim for higher targets of 211.90 tomorrow.

However, if GULPOLY starts to trade below ₹206.60, then we will shift our focus to the sell side and aim for down targets of 203.45 and 201.30.