Price and trend forecast of INDNIPPON for Tomorrow, Weekly, Monthly
India Nippon Electricals Limited
Symbol: NSE:INDNIPPON
ISIN: INE092B01025
727.50
As on 2024-10-17
INDNIPPON's Today's Performance
India Nippon Electricals Limited started the day by opening at 737.80 today 2024-10-17. Its shares reached a high of 738.00 and dipped to a low of 723.55 in intraday. When the markets closed, INDNIPPON’s stock price settled at ₹727.50 per share. Also check out its key support and resistance levels.
INDNIPPON Buy/Sell Targets
Tomorrow, sell INDNIPPON when its price reaches ₹ 727.50 with a stop-loss order at ₹ 740.27. You can set the target price as ₹ 714.73 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 INDNIPPON 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 INDNIPPON
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 736 |
| Tomorrow Down Target 2 | 744 |
| Tomorrow Down Target 3 | 750 |
Important Levels for INDNIPPON
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 721 |
| Tomorrow Up Target 2 | 715 |
| Tomorrow Up Target 3 | 707 |
Based on where the stock opens tomorrow, if INDNIPPON opens on a positive note, our first target will be ₹736. If Target 1 is achieved, we will aim for Target 2 which is ₹744.
But if INDNIPPON falls below the average value of ₹729.68, you can enter a sell side position with target number 1 - ₹721 and second target - ₹715 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 INDNIPPON
Looking at INDNIPPON, 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, INDNIPPON has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for INDNIPPON is moderate bullish.
Tomorrow's Volume based share price Forecast for INDNIPPON
INDNIPPON'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 -12%.
Reversal detection for INDNIPPON
INDNIPPON may trend may continue to be bearish since stock is making lower low and we can get target of ₹735 in morning tomorrow
| Target 1 tomorrow | 735 |
| Target 2 tomorrow | 739 |
| Target 3 tomorrow | 744 |
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 INDNIPPON'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 INDNIPPON opens on a positive note, our first target will be ₹735.82. If Target 1 is achieved, we will aim for Target 2 which is ₹744.13.
But if INDNIPPON falls below the average value of ₹729.68, you can enter a sell side position with target number 1 - ₹721.37 and second target - ₹715.23
INDNIPPON's Weekly Targets
| 1st Up Target | 759.82 |
| 2nd Up Target | 792.13 |
| 1st Down Target | 702.57 |
| 2nd Down Target | 677.63 |
As the week for INDNIPPON ended on bullish sentiments, we can expect further continuation of this sentiment. INDNIPPON's initial target will be 759.82 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 702.57 in the upcoming week.
Weekly OHLC Values
| Open | 710.00 |
| High | 767.20 |
| Low | 709.95 |
| Close | 727.50 |
Week for INDNIPPON started with an open price of 710.00, and the close was at 727.50. INDNIPPON reached the highest of 767.20 and dipped lowest up to 709.95 last week. This indicates a bullish sentiment for the week.
INDNIPPON full month swing targets
| Monthly Up Target 1 | 817.07 |
| Monthly Up Target 2 | 849.38 |
| Monthly Down Target 1 | 645.32 |
| Monthly Down Target 2 | 563.13 |
Targets of ₹817.07 can be expected to be reached in the coming month. Once INDNIPPON achieved this target, we can aim for the next upside target of ₹849.38.
INDNIPPON if fails to hold upside, down targets of ₹645.32 and ₹563.13 can be achieved by end of this month.
For complete three weeks if INDNIPPON 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 INDNIPPON
| Symbol | Name | Industry |
|---|---|---|
| MARUTI | Maruti Suzuki India Limited | Auto Manufacturers |
| TATAMTRDVR | Tata Motors Limited | Auto Manufacturers |
| TATAMOTORS | Tata Motors Limited | Auto Manufacturers |
| TITAN | Titan Company Limited | Luxury Goods |
| BAJAJ-AUTO | Bajaj Auto Limited | Auto Manufacturers |
Summary
INDNIPPON is expected to reach the target of 735.82 in tomorrow's trading session.
After achieving the initial target in INDNIPPON, we will aim for higher targets of 744.13 tomorrow.
However, if INDNIPPON starts to trade below ₹729.68, then we will shift our focus to the sell side and aim for down targets of 721.37 and 715.23.