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

Igarashi Motors India Limited

Symbol: NSE:IGARASHI

ISIN: INE188B01013

450.65

As on 2024-04-12

353.35 (52W Low) 692.50 (52W High)

IGARASHI's Today's Performance

Igarashi Motors India Limited started the day by opening at 446.00 today 2024-04-12. Its shares reached a high of 453.95 and dipped to a low of 444.05 in intraday. When the markets closed, IGARASHI’s stock price settled at ₹450.65 per share. Also check out its key support and resistance levels.

IGARASHI Buy/Sell Targets

Tomorrow, buy IGARASHI when its price reaches ₹ 450.65 with a stop-loss order at ₹ 443.18. You can set the target price as ₹ 458.12 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 IGARASHI 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 IGARASHI

Resistance Levels Value in ₹
Tomorrow Resistance 1 455
Tomorrow Resistance 2 459
Tomorrow Resistance 3 465

Important Supports for IGARASHI

Support Levels Value in ₹
Tomorrow Support 1 445
Tomorrow Support 2 440
Tomorrow Support 3 435
Based on where the stock opens tomorrow, if IGARASHI opens on a positive note, our first target will be ₹455. If Target 1 is achieved, we will aim for Target 2 which is ₹459.

But if IGARASHI falls below the average value of ₹449.55, you can enter a sell side position with target number 1 - ₹445 and second target - ₹440 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 IGARASHI

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

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

Tomorrow's Volume based share price Forecast for IGARASHI

IGARASHI'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 17%.

Reversal detection for IGARASHI

Predicted trend chart of IGARASHI tomorrow for price forecast
IGARASHI may trend may continue to be bullish since stock is making higher highs and we can get target of ₹450 in morning tomorrow
Target 1 tomorrow453
Target 2 tomorrow456
Target 3 tomorrow459
 

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 IGARASHI'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 IGARASHI opens on a positive note, our first target will be ₹455.05. If Target 1 is achieved, we will aim for Target 2 which is ₹459.45.

But if IGARASHI falls below the average value of ₹449.55, you can enter a sell side position with target number 1 - ₹445.15 and second target - ₹439.65

IGARASHI's Weekly Targets
1st Up Target 465.68
2nd Up Target 480.72
1st Down Target 438.93
2nd Down Target 427.22

As the week for IGARASHI ended on bearish sentiments, we can expect further continuation of this sentiment. IGARASHI's initial target will be 465.68 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 438.93 in the upcoming week.

Weekly OHLC Values
Open 465.55
High 469.00
Low 442.25
Close 450.65

Week for IGARASHI started with an open price of 465.55, and the close was at 450.65. IGARASHI reached the highest of 469.00 and dipped lowest up to 442.25 last week. This indicates a bearish sentiment for the week.

IGARASHI full month swing targets
Monthly Up Target 1 492.43
Monthly Up Target 2 507.47
Monthly Down Target 1 412.18
Monthly Down Target 2 373.72

Targets of ₹492.43 can be expected to be reached in the coming month. Once IGARASHI achieved this target, we can aim for the next upside target of ₹507.47.

IGARASHI if fails to hold upside, down targets of ₹412.18 and ₹373.72 can be achieved by end of this month.

For complete three weeks if IGARASHI 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 IGARASHI

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TATAMOTORS Tata Motors Limited Auto Manufacturers
TITAN Titan Company Limited Luxury Goods
BAJAJ-AUTO Bajaj Auto Limited Auto Manufacturers

Summary

IGARASHI is expected to reach the target of 455.05 in tomorrow's trading session.

After achieving the initial target in IGARASHI, we will aim for higher targets of 459.45 tomorrow.

However, if IGARASHI starts to trade below ₹449.55, then we will shift our focus to the sell side and aim for down targets of 445.15 and 439.65.