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

IndoStar Capital Finance Limited

Symbol: NSE:INDOSTAR

ISIN: INE896L01010

250.85

As on 2024-04-19

112.40 (52W Low) 261.90 (52W High)

INDOSTAR's Today's Performance

IndoStar Capital Finance Limited started the day by opening at 244.40 today 2024-04-19. Its shares reached a high of 256.90 and dipped to a low of 240.90 in intraday. When the markets closed, INDOSTAR’s stock price settled at ₹250.85 per share. Also check out its key support and resistance levels.

INDOSTAR Buy/Sell Targets

Tomorrow, buy INDOSTAR when its price reaches ₹ 250.85 with a stop-loss order at ₹ 242.38. You can set the target price as ₹ 259.32 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 INDOSTAR 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 INDOSTAR

Downside Targets Value in ₹
Tomorrow Down Target 1 258
Tomorrow Down Target 2 266
Tomorrow Down Target 3 274

Important Levels for INDOSTAR

Holding Levels Value in ₹
Tomorrow Up Target 1 242
Tomorrow Up Target 2 234
Tomorrow Up Target 3 226
Based on where the stock opens tomorrow, if INDOSTAR opens on a positive note, our first target will be ₹258. If Target 1 is achieved, we will aim for Target 2 which is ₹266.

But if INDOSTAR falls below the average value of ₹249.55, you can enter a sell side position with target number 1 - ₹242 and second target - ₹234 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 INDOSTAR

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

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

Tomorrow's Volume based share price Forecast for INDOSTAR

INDOSTAR'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 908%.

Reversal detection for INDOSTAR

Predicted trend chart of INDOSTAR tomorrow for price forecast
INDOSTAR may trend may continue to be bullish since stock is making higher highs and we can get target of ₹250 in morning tomorrow
Target 1 tomorrow256
Target 2 tomorrow259
Target 3 tomorrow266
 

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 INDOSTAR'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 INDOSTAR opens on a positive note, our first target will be ₹258.20. If Target 1 is achieved, we will aim for Target 2 which is ₹265.55.

But if INDOSTAR falls below the average value of ₹249.55, you can enter a sell side position with target number 1 - ₹242.20 and second target - ₹233.55

INDOSTAR's Weekly Targets
1st Up Target 265.83
2nd Up Target 280.82
1st Down Target 231.93
2nd Down Target 213.02

As the week for INDOSTAR ended on bullish sentiments, we can expect further continuation of this sentiment. INDOSTAR's initial target will be 265.83 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 231.93 in the upcoming week.

Weekly OHLC Values
Open 230.05
High 261.90
Low 228.00
Close 250.85

Week for INDOSTAR started with an open price of 230.05, and the close was at 250.85. INDOSTAR reached the highest of 261.90 and dipped lowest up to 228.00 last week. This indicates a bullish sentiment for the week.

INDOSTAR full month swing targets
Monthly Up Target 1 299.73
Monthly Up Target 2 314.72
Monthly Down Target 1 198.03
Monthly Down Target 2 145.22

Targets of ₹299.73 can be expected to be reached in the coming month. Once INDOSTAR achieved this target, we can aim for the next upside target of ₹314.72.

INDOSTAR if fails to hold upside, down targets of ₹198.03 and ₹145.22 can be achieved by end of this month.

For complete three weeks if INDOSTAR 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 INDOSTAR

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BAJFINANCE Bajaj Finance Limited Credit Services

Summary

INDOSTAR is expected to reach the target of 258.20 in tomorrow's trading session.

After achieving the initial target in INDOSTAR, we will aim for higher targets of 265.55 tomorrow.

However, if INDOSTAR starts to trade below ₹249.55, then we will shift our focus to the sell side and aim for down targets of 242.20 and 233.55.