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

IFB Agro Industries Limited

Symbol: NSE:IFBAGRO

ISIN: INE076C01018

588.35

As on 2024-07-24

388.00 (52W Low) 653.70 (52W High)

IFBAGRO's Today's Performance

IFB Agro Industries Limited started the day by opening at 565.00 today 2024-07-24. Its shares reached a high of 588.35 and dipped to a low of 554.10 in intraday. When the markets closed, IFBAGRO’s stock price settled at ₹588.35 per share. Also check out its key support and resistance levels.

IFBAGRO Buy/Sell Targets

Tomorrow, buy IFBAGRO when its price reaches ₹ 588.35 with a stop-loss order at ₹ 570.03. You can set the target price as ₹ 606.68 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 IFBAGRO 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 IFBAGRO

Downside Targets Value in ₹
Tomorrow Down Target 1 600
Tomorrow Down Target 2 611
Tomorrow Down Target 3 634

Important Levels for IFBAGRO

Holding Levels Value in ₹
Tomorrow Up Target 1 566
Tomorrow Up Target 2 543
Tomorrow Up Target 3 531
Based on where the stock opens tomorrow, if IFBAGRO opens on a positive note, our first target will be ₹600. If Target 1 is achieved, we will aim for Target 2 which is ₹611.

But if IFBAGRO falls below the average value of ₹576.93, you can enter a sell side position with target number 1 - ₹566 and second target - ₹543 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 IFBAGRO

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

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

Tomorrow's Volume based share price Forecast for IFBAGRO

IFBAGRO's Volume is currently in a Increasing 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 -20%.

Reversal detection for IFBAGRO

Predicted trend chart of IFBAGRO tomorrow for price forecast
IFBAGRO may trend may continue to be bullish since stock is making higher highs and we can get target of ₹559 in morning tomorrow
Target 1 tomorrow590
Target 2 tomorrow598
Target 3 tomorrow611
 

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 IFBAGRO'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 IFBAGRO opens on a positive note, our first target will be ₹599.77. If Target 1 is achieved, we will aim for Target 2 which is ₹611.18.

But if IFBAGRO falls below the average value of ₹576.93, you can enter a sell side position with target number 1 - ₹565.52 and second target - ₹542.68

IFBAGRO's Weekly Targets
1st Up Target 609.80
2nd Up Target 631.25
1st Down Target 545.45
2nd Down Target 502.55

As the week for IFBAGRO ended on bullish sentiments, we can expect further continuation of this sentiment. IFBAGRO's initial target will be 609.80 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 545.45 in the upcoming week.

Weekly OHLC Values
Open 525.00
High 588.35
Low 524.00
Close 588.35

Week for IFBAGRO started with an open price of 525.00, and the close was at 588.35. IFBAGRO reached the highest of 588.35 and dipped lowest up to 524.00 last week. This indicates a bullish sentiment for the week.

IFBAGRO full month swing targets
Monthly Up Target 1 674.15
Monthly Up Target 2 695.60
Monthly Down Target 1 481.10
Monthly Down Target 2 373.85

Targets of ₹674.15 can be expected to be reached in the coming month. Once IFBAGRO achieved this target, we can aim for the next upside target of ₹695.60.

IFBAGRO if fails to hold upside, down targets of ₹481.10 and ₹373.85 can be achieved by end of this month.

For complete three weeks if IFBAGRO 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

IFBAGRO is expected to reach the target of 599.77 in tomorrow's trading session.

After achieving the initial target in IFBAGRO, we will aim for higher targets of 611.18 tomorrow.

However, if IFBAGRO starts to trade below ₹576.93, then we will shift our focus to the sell side and aim for down targets of 565.52 and 542.68.