Price and trend forecast of IRMENERGY for Tomorrow, Weekly, Monthly
IRM ENERGY LTD
Symbol: NSE:IRMENERGY
ISIN: N/A
460.40
As on 2024-07-26
IRMENERGY's Today's Performance
IRM ENERGY LTD started the day by opening at 453.75 today 2024-07-26. Its shares reached a high of 465.00 and dipped to a low of 452.50 in intraday. When the markets closed, IRMENERGY’s stock price settled at ₹460.40 per share. Also check out its key support and resistance levels.
IRMENERGY Buy/Sell Targets
Tomorrow, buy IRMENERGY when its price reaches ₹ 460.40 with a stop-loss order at ₹ 454.65. You can set the target price as ₹ 466.15 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 IRMENERGY 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 IRMENERGY
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 466 |
| Tomorrow Down Target 2 | 472 |
| Tomorrow Down Target 3 | 479 |
Important Levels for IRMENERGY
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 454 |
| Tomorrow Up Target 2 | 447 |
| Tomorrow Up Target 3 | 441 |
Based on where the stock opens tomorrow, if IRMENERGY opens on a positive note, our first target will be ₹466. If Target 1 is achieved, we will aim for Target 2 which is ₹472.
But if IRMENERGY falls below the average value of ₹459.30, you can enter a sell side position with target number 1 - ₹454 and second target - ₹447 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 IRMENERGY
Looking at IRMENERGY, 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, IRMENERGY has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for IRMENERGY is moderate bearish.
Tomorrow's Volume based share price Forecast for IRMENERGY
IRMENERGY's Volume is currently in a Decreasing 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 373%.
Reversal detection for IRMENERGY
IRMENERGY may trend may continue to be bullish since stock is making higher highs and we can get target of ₹453 in morning tomorrow
| Target 1 tomorrow | 464 |
| Target 2 tomorrow | 467 |
| Target 3 tomorrow | 472 |
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 IRMENERGY'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 IRMENERGY opens on a positive note, our first target will be ₹466.10. If Target 1 is achieved, we will aim for Target 2 which is ₹471.80.
But if IRMENERGY falls below the average value of ₹459.30, you can enter a sell side position with target number 1 - ₹453.60 and second target - ₹446.80
IRMENERGY's Weekly Targets
| 1st Up Target | 471.58 |
| 2nd Up Target | 482.77 |
| 1st Down Target | 442.63 |
| 2nd Down Target | 424.87 |
As the week for IRMENERGY ended on bullish sentiments, we can expect further continuation of this sentiment. IRMENERGY's initial target will be 471.58 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 442.63 in the upcoming week.
Weekly OHLC Values
| Open | 450.50 |
| High | 465.00 |
| Low | 436.05 |
| Close | 460.40 |
Week for IRMENERGY started with an open price of 450.50, and the close was at 460.40. IRMENERGY reached the highest of 465.00 and dipped lowest up to 436.05 last week. This indicates a bullish sentiment for the week.
IRMENERGY full month swing targets
| Monthly Up Target 1 | 500.53 |
| Monthly Up Target 2 | 511.72 |
| Monthly Down Target 1 | 413.68 |
| Monthly Down Target 2 | 366.97 |
Targets of ₹500.53 can be expected to be reached in the coming month. Once IRMENERGY achieved this target, we can aim for the next upside target of ₹511.72.
IRMENERGY if fails to hold upside, down targets of ₹413.68 and ₹366.97 can be achieved by end of this month.
For complete three weeks if IRMENERGY 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 IRMENERGY
| Symbol | Name | Industry |
|---|---|---|
| NTPC | NTPC Limited | Utilities - Regulated Electric |
| ADANIGREEN | Adani Green Energy Limited | Utilities - Renewable |
| POWERGRID | Power Grid Corporation of India Limited | Utilities - Regulated Electric |
| ADANIPOWER | Adani Power Limited | Utilities - Independent Power Producers |
| TATAPOWER | Tata Power Company Limited | Utilities - Independent Power Producers |
Summary
IRMENERGY is expected to reach the target of 466.10 in tomorrow's trading session.
After achieving the initial target in IRMENERGY, we will aim for higher targets of 471.80 tomorrow.
However, if IRMENERGY starts to trade below ₹459.30, then we will shift our focus to the sell side and aim for down targets of 453.60 and 446.80.