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

Indo Amines Limited

Symbol: NSE:INDOAMIN

ISIN: INE760F01028

141.65

As on 2024-04-24

85.40 (52W Low) 184.60 (52W High)

INDOAMIN's Today's Performance

Indo Amines Limited started the day by opening at 139.30 today 2024-04-24. Its shares reached a high of 144.25 and dipped to a low of 138.50 in intraday. When the markets closed, INDOAMIN’s stock price settled at ₹141.65 per share. Also check out its key support and resistance levels.

INDOAMIN Buy/Sell Targets

Tomorrow, buy INDOAMIN when its price reaches ₹ 141.65 with a stop-loss order at ₹ 139.08. You can set the target price as ₹ 144.22 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 INDOAMIN 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 INDOAMIN

Downside Targets Value in ₹
Tomorrow Down Target 1 144
Tomorrow Down Target 2 147
Tomorrow Down Target 3 150

Important Levels for INDOAMIN

Holding Levels Value in ₹
Tomorrow Up Target 1 139
Tomorrow Up Target 2 136
Tomorrow Up Target 3 133
Based on where the stock opens tomorrow, if INDOAMIN opens on a positive note, our first target will be ₹144. If Target 1 is achieved, we will aim for Target 2 which is ₹147.

But if INDOAMIN falls below the average value of ₹141.47, you can enter a sell side position with target number 1 - ₹139 and second target - ₹136 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 INDOAMIN

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

Based on this, the predicted sentiment for INDOAMIN is strong bullish.

Tomorrow's Volume based share price Forecast for INDOAMIN

INDOAMIN's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 359%.

Reversal detection for INDOAMIN

Predicted trend chart of INDOAMIN tomorrow for price forecast
INDOAMIN may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹138 in morning tomorrow
Target 1 tomorrow144
Target 2 tomorrow145
Target 3 tomorrow147
 

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 INDOAMIN'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 INDOAMIN opens on a positive note, our first target will be ₹144.43. If Target 1 is achieved, we will aim for Target 2 which is ₹147.22.

But if INDOAMIN falls below the average value of ₹141.47, you can enter a sell side position with target number 1 - ₹138.68 and second target - ₹135.72

INDOAMIN's Weekly Targets
1st Up Target 145.55
2nd Up Target 149.45
1st Down Target 136.45
2nd Down Target 131.25

As the week for INDOAMIN ended on bullish sentiments, we can expect further continuation of this sentiment. INDOAMIN's initial target will be 145.55 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 136.45 in the upcoming week.

Weekly OHLC Values
Open 140.95
High 144.25
Low 135.15
Close 141.65

Week for INDOAMIN started with an open price of 140.95, and the close was at 141.65. INDOAMIN reached the highest of 144.25 and dipped lowest up to 135.15 last week. This indicates a bullish sentiment for the week.

INDOAMIN full month swing targets
Monthly Up Target 1 154.65
Monthly Up Target 2 158.55
Monthly Down Target 1 127.35
Monthly Down Target 2 113.05

Targets of ₹154.65 can be expected to be reached in the coming month. Once INDOAMIN achieved this target, we can aim for the next upside target of ₹158.55.

INDOAMIN if fails to hold upside, down targets of ₹127.35 and ₹113.05 can be achieved by end of this month.

For complete three weeks if INDOAMIN 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

INDOAMIN is expected to reach the target of 144.43 in tomorrow's trading session.

After achieving the initial target in INDOAMIN, we will aim for higher targets of 147.22 tomorrow.

However, if INDOAMIN starts to trade below ₹141.47, then we will shift our focus to the sell side and aim for down targets of 138.68 and 135.72.