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

India Glycols Limited

Symbol: NSE:INDIAGLYCO

ISIN: INE560A01015

791.50

As on 2024-05-17

590.55 (52W Low) 976.00 (52W High)

INDIAGLYCO's Today's Performance

India Glycols Limited started the day by opening at 783.00 today 2024-05-17. Its shares reached a high of 798.00 and dipped to a low of 780.40 in intraday. When the markets closed, INDIAGLYCO’s stock price settled at ₹791.50 per share. Also check out its key support and resistance levels.

INDIAGLYCO Buy/Sell Targets

Tomorrow, buy INDIAGLYCO when its price reaches ₹ 791.50 with a stop-loss order at ₹ 784.72. You can set the target price as ₹ 798.28 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 INDIAGLYCO 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 INDIAGLYCO

Downside Targets Value in ₹
Tomorrow Down Target 1 800
Tomorrow Down Target 2 808
Tomorrow Down Target 3 817

Important Levels for INDIAGLYCO

Holding Levels Value in ₹
Tomorrow Up Target 1 782
Tomorrow Up Target 2 772
Tomorrow Up Target 3 764
Based on where the stock opens tomorrow, if INDIAGLYCO opens on a positive note, our first target will be ₹800. If Target 1 is achieved, we will aim for Target 2 which is ₹808.

But if INDIAGLYCO falls below the average value of ₹789.97, you can enter a sell side position with target number 1 - ₹782 and second target - ₹772 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 INDIAGLYCO

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

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

Tomorrow's Volume based share price Forecast for INDIAGLYCO

INDIAGLYCO'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 -10%.

Reversal detection for INDIAGLYCO

Predicted trend chart of INDIAGLYCO tomorrow for price forecast
INDIAGLYCO may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹783 in morning tomorrow
Target 1 tomorrow797
Target 2 tomorrow801
Target 3 tomorrow808
 

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 INDIAGLYCO'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 INDIAGLYCO opens on a positive note, our first target will be ₹799.53. If Target 1 is achieved, we will aim for Target 2 which is ₹807.57.

But if INDIAGLYCO falls below the average value of ₹789.97, you can enter a sell side position with target number 1 - ₹781.93 and second target - ₹772.37

INDIAGLYCO's Weekly Targets
1st Up Target 811.18
2nd Up Target 830.87
1st Down Target 758.63
2nd Down Target 725.77

As the week for INDIAGLYCO ended on bullish sentiments, we can expect further continuation of this sentiment. INDIAGLYCO's initial target will be 811.18 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 758.63 in the upcoming week.

Weekly OHLC Values
Open 764.60
High 798.00
Low 745.45
Close 791.50

Week for INDIAGLYCO started with an open price of 764.60, and the close was at 791.50. INDIAGLYCO reached the highest of 798.00 and dipped lowest up to 745.45 last week. This indicates a bullish sentiment for the week.

INDIAGLYCO full month swing targets
Monthly Up Target 1 863.73
Monthly Up Target 2 883.42
Monthly Down Target 1 706.08
Monthly Down Target 2 620.67

Targets of ₹863.73 can be expected to be reached in the coming month. Once INDIAGLYCO achieved this target, we can aim for the next upside target of ₹883.42.

INDIAGLYCO if fails to hold upside, down targets of ₹706.08 and ₹620.67 can be achieved by end of this month.

For complete three weeks if INDIAGLYCO 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

INDIAGLYCO is expected to reach the target of 799.53 in tomorrow's trading session.

After achieving the initial target in INDIAGLYCO, we will aim for higher targets of 807.57 tomorrow.

However, if INDIAGLYCO starts to trade below ₹789.97, then we will shift our focus to the sell side and aim for down targets of 781.93 and 772.37.