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

India Tourism Development Corporation Limited

Symbol: NSE:ITDC

ISIN: INE353K01014

665.55

As on 2024-04-12

304.00 (52W Low) 878.95 (52W High)

ITDC's Today's Performance

India Tourism Development Corporation Limited started the day by opening at 665.90 today 2024-04-12. Its shares reached a high of 673.65 and dipped to a low of 655.20 in intraday. When the markets closed, ITDC’s stock price settled at ₹665.55 per share. Also check out its key support and resistance levels.

ITDC Buy/Sell Targets

Tomorrow, sell ITDC when its price reaches ₹ 665.55 with a stop-loss order at ₹ 677.38. You can set the target price as ₹ 653.72 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 ITDC for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for ITDC

Resistance Levels Value in ₹
Tomorrow Resistance 1 674
Tomorrow Resistance 2 683
Tomorrow Resistance 3 693

Important Supports for ITDC

Support Levels Value in ₹
Tomorrow Support 1 656
Tomorrow Support 2 646
Tomorrow Support 3 638
Based on where the stock opens tomorrow, if ITDC opens on a positive note, our first target will be ₹674. If Target 1 is achieved, we will aim for Target 2 which is ₹683.

But if ITDC falls below the average value of ₹664.80, you can enter a sell side position with target number 1 - ₹656 and second target - ₹646 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 ITDC

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

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

Tomorrow's Volume based share price Forecast for ITDC

ITDC'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 -15%.

Reversal detection for ITDC

Predicted trend chart of ITDC tomorrow for price forecast
ITDC may trend may continue to be bearish since stock is making lower low and we can get target of ₹671 in morning tomorrow
Target 1 tomorrow672
Target 2 tomorrow676
Target 3 tomorrow683
 

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 ITDC'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 ITDC opens on a positive note, our first target will be ₹674.40. If Target 1 is achieved, we will aim for Target 2 which is ₹683.25.

But if ITDC falls below the average value of ₹664.80, you can enter a sell side position with target number 1 - ₹655.95 and second target - ₹646.35

ITDC's Weekly Targets
1st Up Target 693.83
2nd Up Target 722.12
1st Down Target 646.23
2nd Down Target 626.92

As the week for ITDC ended on bearish sentiments, we can expect further continuation of this sentiment. ITDC's initial target will be 693.83 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 646.23 in the upcoming week.

Weekly OHLC Values
Open 691.00
High 702.80
Low 655.20
Close 665.55

Week for ITDC started with an open price of 691.00, and the close was at 665.55. ITDC reached the highest of 702.80 and dipped lowest up to 655.20 last week. This indicates a bearish sentiment for the week.

ITDC full month swing targets
Monthly Up Target 1 741.43
Monthly Up Target 2 769.72
Monthly Down Target 1 598.63
Monthly Down Target 2 531.72

Targets of ₹741.43 can be expected to be reached in the coming month. Once ITDC achieved this target, we can aim for the next upside target of ₹769.72.

ITDC if fails to hold upside, down targets of ₹598.63 and ₹531.72 can be achieved by end of this month.

For complete three weeks if ITDC 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

ITDC is expected to reach the target of 674.40 in tomorrow's trading session.

After achieving the initial target in ITDC, we will aim for higher targets of 683.25 tomorrow.

However, if ITDC starts to trade below ₹664.80, then we will shift our focus to the sell side and aim for down targets of 655.95 and 646.35.