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

IFGL Refractories Limited

Symbol: NSE:IFGLEXPOR

ISIN: INE133Y01011

658.90

As on 2024-04-12

226.40 (52W Low) 935.00 (52W High)

IFGLEXPOR's Today's Performance

IFGL Refractories Limited started the day by opening at 672.00 today 2024-04-12. Its shares reached a high of 672.00 and dipped to a low of 646.60 in intraday. When the markets closed, IFGLEXPOR’s stock price settled at ₹658.90 per share. Also check out its key support and resistance levels.

IFGLEXPOR Buy/Sell Targets

Tomorrow, sell IFGLEXPOR when its price reaches ₹ 658.90 with a stop-loss order at ₹ 675.44. You can set the target price as ₹ 642.36 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 IFGLEXPOR for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for IFGLEXPOR

Resistance Levels Value in ₹
Tomorrow Resistance 1 672
Tomorrow Resistance 2 685
Tomorrow Resistance 3 697

Important Supports for IFGLEXPOR

Support Levels Value in ₹
Tomorrow Support 1 646
Tomorrow Support 2 634
Tomorrow Support 3 621
Based on where the stock opens tomorrow, if IFGLEXPOR opens on a positive note, our first target will be ₹672. If Target 1 is achieved, we will aim for Target 2 which is ₹685.

But if IFGLEXPOR falls below the average value of ₹659.17, you can enter a sell side position with target number 1 - ₹646 and second target - ₹634 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 IFGLEXPOR

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

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

Tomorrow's Volume based share price Forecast for IFGLEXPOR

IFGLEXPOR'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 225%.

Reversal detection for IFGLEXPOR

Predicted trend chart of IFGLEXPOR tomorrow for price forecast
IFGLEXPOR may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹676 in morning tomorrow
Target 1 tomorrow669
Target 2 tomorrow675
Target 3 tomorrow685
 

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 IFGLEXPOR'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 IFGLEXPOR opens on a positive note, our first target will be ₹671.73. If Target 1 is achieved, we will aim for Target 2 which is ₹684.57.

But if IFGLEXPOR falls below the average value of ₹659.17, you can enter a sell side position with target number 1 - ₹646.33 and second target - ₹633.77

IFGLEXPOR's Weekly Targets
1st Up Target 719.15
2nd Up Target 779.40
1st Down Target 601.10
2nd Down Target 543.30

As the week for IFGLEXPOR ended on bullish sentiments, we can expect further continuation of this sentiment. IFGLEXPOR's initial target will be 719.15 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 601.10 in the upcoming week.

Weekly OHLC Values
Open 611.00
High 721.60
Low 603.55
Close 658.90

Week for IFGLEXPOR started with an open price of 611.00, and the close was at 658.90. IFGLEXPOR reached the highest of 721.60 and dipped lowest up to 603.55 last week. This indicates a bullish sentiment for the week.

IFGLEXPOR full month swing targets
Monthly Up Target 1 837.20
Monthly Up Target 2 897.45
Monthly Down Target 1 483.05
Monthly Down Target 2 307.20

Targets of ₹837.20 can be expected to be reached in the coming month. Once IFGLEXPOR achieved this target, we can aim for the next upside target of ₹897.45.

IFGLEXPOR if fails to hold upside, down targets of ₹483.05 and ₹307.20 can be achieved by end of this month.

For complete three weeks if IFGLEXPOR 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

IFGLEXPOR is expected to reach the target of 671.73 in tomorrow's trading session.

After achieving the initial target in IFGLEXPOR, we will aim for higher targets of 684.57 tomorrow.

However, if IFGLEXPOR starts to trade below ₹659.17, then we will shift our focus to the sell side and aim for down targets of 646.33 and 633.77.