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

ION Exchange (India) Limited

Symbol: NSE:IONEXCHANG

ISIN: INE570A01014

541.30

As on 2024-04-19

387.00 (52W Low) 4,352.95 (52W High)

IONEXCHANG's Today's Performance

ION Exchange (India) Limited started the day by opening at 552.00 today 2024-04-19. Its shares reached a high of 553.40 and dipped to a low of 535.00 in intraday. When the markets closed, IONEXCHANG’s stock price settled at ₹541.30 per share. Also check out its key support and resistance levels.

IONEXCHANG Buy/Sell Targets

Tomorrow, sell IONEXCHANG when its price reaches ₹ 541.30 with a stop-loss order at ₹ 553.80. You can set the target price as ₹ 528.80 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 IONEXCHANG 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 IONEXCHANG

Downside Targets Value in ₹
Tomorrow Down Target 1 551
Tomorrow Down Target 2 562
Tomorrow Down Target 3 570

Important Levels for IONEXCHANG

Holding Levels Value in ₹
Tomorrow Up Target 1 533
Tomorrow Up Target 2 525
Tomorrow Up Target 3 515
Based on where the stock opens tomorrow, if IONEXCHANG opens on a positive note, our first target will be ₹551. If Target 1 is achieved, we will aim for Target 2 which is ₹562.

But if IONEXCHANG falls below the average value of ₹543.23, you can enter a sell side position with target number 1 - ₹533 and second target - ₹525 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 IONEXCHANG

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

Based on this, the predicted sentiment for IONEXCHANG is moderate bearish.

Tomorrow's Volume based share price Forecast for IONEXCHANG

IONEXCHANG's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -53%.

Reversal detection for IONEXCHANG

Predicted trend chart of IONEXCHANG tomorrow for price forecast
IONEXCHANG may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹566 in morning tomorrow
Target 1 tomorrow550
Target 2 tomorrow555
Target 3 tomorrow562
 

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 IONEXCHANG'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 IONEXCHANG opens on a positive note, our first target will be ₹551.47. If Target 1 is achieved, we will aim for Target 2 which is ₹561.63.

But if IONEXCHANG falls below the average value of ₹543.23, you can enter a sell side position with target number 1 - ₹533.07 and second target - ₹524.83

IONEXCHANG's Weekly Targets
1st Up Target 572.17
2nd Up Target 603.03
1st Down Target 522.72
2nd Down Target 504.13

As the week for IONEXCHANG ended on bearish sentiments, we can expect further continuation of this sentiment. IONEXCHANG's initial target will be 572.17 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 522.72 in the upcoming week.

Weekly OHLC Values
Open 560.95
High 584.45
Low 535.00
Close 541.30

Week for IONEXCHANG started with an open price of 560.95, and the close was at 541.30. IONEXCHANG reached the highest of 584.45 and dipped lowest up to 535.00 last week. This indicates a bearish sentiment for the week.

IONEXCHANG full month swing targets
Monthly Up Target 1 621.62
Monthly Up Target 2 652.48
Monthly Down Target 1 473.27
Monthly Down Target 2 405.23

Targets of ₹621.62 can be expected to be reached in the coming month. Once IONEXCHANG achieved this target, we can aim for the next upside target of ₹652.48.

IONEXCHANG if fails to hold upside, down targets of ₹473.27 and ₹405.23 can be achieved by end of this month.

For complete three weeks if IONEXCHANG 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

IONEXCHANG is expected to reach the target of 551.47 in tomorrow's trading session.

After achieving the initial target in IONEXCHANG, we will aim for higher targets of 561.63 tomorrow.

However, if IONEXCHANG starts to trade below ₹543.23, then we will shift our focus to the sell side and aim for down targets of 533.07 and 524.83.