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

IL&FS Investment Managers Limited

Symbol: NSE:IVC

ISIN: INE050B01023

9.95

As on 2024-04-12

5.65 (52W Low) 14.75 (52W High)

IVC's Today's Performance

IL&FS Investment Managers Limited started the day by opening at 10.10 today 2024-04-12. Its shares reached a high of 10.15 and dipped to a low of 9.90 in intraday. When the markets closed, IVC’s stock price settled at ₹9.95 per share. Also check out its key support and resistance levels.

IVC Buy/Sell Targets

Tomorrow, sell IVC when its price reaches ₹ 9.95 with a stop-loss order at ₹ 10.10. You can set the target price as ₹ 9.80 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 IVC 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 IVC

Resistance Levels Value in ₹
Tomorrow Resistance 1 10
Tomorrow Resistance 2 10
Tomorrow Resistance 3 10

Important Supports for IVC

Support Levels Value in ₹
Tomorrow Support 1 10
Tomorrow Support 2 10
Tomorrow Support 3 10
Based on where the stock opens tomorrow, if IVC opens on a positive note, our first target will be ₹10. If Target 1 is achieved, we will aim for Target 2 which is ₹10.

But if IVC falls below the average value of ₹10.00, you can enter a sell side position with target number 1 - ₹10 and second target - ₹10 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 IVC

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

Based on this, the predicted sentiment for IVC is strong bearish.

Tomorrow's Volume based share price Forecast for IVC

IVC's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 24%.

Reversal detection for IVC

Predicted trend chart of IVC tomorrow for price forecast
IVC may trend may continue to be bearish since stock is making lower low and we can get target of ₹10 in morning tomorrow
Target 1 tomorrow10
Target 2 tomorrow10
Target 3 tomorrow10
 

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 IVC'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 IVC opens on a positive note, our first target will be ₹10.10. If Target 1 is achieved, we will aim for Target 2 which is ₹10.25.

But if IVC falls below the average value of ₹10.00, you can enter a sell side position with target number 1 - ₹9.85 and second target - ₹9.75

IVC's Weekly Targets
1st Up Target 10.30
2nd Up Target 10.65
1st Down Target 9.75
2nd Down Target 9.55

As the week for IVC ended on bearish sentiments, we can expect further continuation of this sentiment. IVC's initial target will be 10.30 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 9.75 in the upcoming week.

Weekly OHLC Values
Open 10.45
High 10.45
Low 9.90
Close 9.95

Week for IVC started with an open price of 10.45, and the close was at 9.95. IVC reached the highest of 10.45 and dipped lowest up to 9.90 last week. This indicates a bearish sentiment for the week.

IVC full month swing targets
Monthly Up Target 1 10.85
Monthly Up Target 2 11.20
Monthly Down Target 1 9.20
Monthly Down Target 2 8.45

Targets of ₹10.85 can be expected to be reached in the coming month. Once IVC achieved this target, we can aim for the next upside target of ₹11.20.

IVC if fails to hold upside, down targets of ₹9.20 and ₹8.45 can be achieved by end of this month.

For complete three weeks if IVC 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 IVC

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LICI Life Insurance Corporation Of India Insurance - Life
BAJFINANCE Bajaj Finance Limited Credit Services

Summary

IVC is expected to reach the target of 10.10 in tomorrow's trading session.

After achieving the initial target in IVC, we will aim for higher targets of 10.25 tomorrow.

However, if IVC starts to trade below ₹10.00, then we will shift our focus to the sell side and aim for down targets of 9.85 and 9.75.