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

Ircon International Limited

Symbol: NSE:IRCON

ISIN: INE962Y01021

210.11

As on 2025-01-22

175.25 (52W Low) 351.60 (52W High)

IRCON's Today's Performance

Ircon International Limited started the day by opening at 213.69 today 2025-01-22. Its shares reached a high of 213.69 and dipped to a low of 203.80 in intraday. When the markets closed, IRCON’s stock price settled at ₹210.11 per share. Also check out its key support and resistance levels.

IRCON Buy/Sell Targets

Tomorrow, sell IRCON when its price reaches ₹ 210.11 with a stop-loss order at ₹ 215.28. You can set the target price as ₹ 204.95 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 IRCON 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 IRCON

Downside Targets Value in ₹
Tomorrow Down Target 1 215
Tomorrow Down Target 2 219
Tomorrow Down Target 3 224

Important Levels for IRCON

Holding Levels Value in ₹
Tomorrow Up Target 1 205
Tomorrow Up Target 2 199
Tomorrow Up Target 3 195
Based on where the stock opens tomorrow, if IRCON opens on a positive note, our first target will be ₹215. If Target 1 is achieved, we will aim for Target 2 which is ₹219.

But if IRCON falls below the average value of ₹209.20, you can enter a sell side position with target number 1 - ₹205 and second target - ₹199 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 IRCON

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

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

Tomorrow's Volume based share price Forecast for IRCON

IRCON'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 25%.

Reversal detection for IRCON

Predicted trend chart of IRCON tomorrow for price forecast
IRCON may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹215 in morning tomorrow
Target 1 tomorrow213
Target 2 tomorrow215
Target 3 tomorrow219
 

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 IRCON'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 IRCON opens on a positive note, our first target will be ₹214.60. If Target 1 is achieved, we will aim for Target 2 which is ₹219.09.

But if IRCON falls below the average value of ₹209.20, you can enter a sell side position with target number 1 - ₹204.71 and second target - ₹199.31

IRCON's Weekly Targets
1st Up Target 225.07
2nd Up Target 240.04
1st Down Target 199.47
2nd Down Target 188.84

As the week for IRCON ended on bearish sentiments, we can expect further continuation of this sentiment. IRCON's initial target will be 225.07 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 199.47 in the upcoming week.

Weekly OHLC Values
Open 221.35
High 229.40
Low 203.80
Close 210.11

Week for IRCON started with an open price of 221.35, and the close was at 210.11. IRCON reached the highest of 229.40 and dipped lowest up to 203.80 last week. This indicates a bearish sentiment for the week.

IRCON full month swing targets
Monthly Up Target 1 250.67
Monthly Up Target 2 265.64
Monthly Down Target 1 173.87
Monthly Down Target 2 137.64

Targets of ₹250.67 can be expected to be reached in the coming month. Once IRCON achieved this target, we can aim for the next upside target of ₹265.64.

IRCON if fails to hold upside, down targets of ₹173.87 and ₹137.64 can be achieved by end of this month.

For complete three weeks if IRCON 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

IRCON is expected to reach the target of 214.60 in tomorrow's trading session.

After achieving the initial target in IRCON, we will aim for higher targets of 219.09 tomorrow.

However, if IRCON starts to trade below ₹209.20, then we will shift our focus to the sell side and aim for down targets of 204.71 and 199.31.