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

Lincoln Pharmaceuticals Limited

Symbol: NSE:LINCOLN

ISIN: INE405C01035

580.80

As on 2024-04-16

365.25 (52W Low) 755.15 (52W High)

LINCOLN's Today's Performance

Lincoln Pharmaceuticals Limited started the day by opening at 577.00 today 2024-04-16. Its shares reached a high of 586.15 and dipped to a low of 570.00 in intraday. When the markets closed, LINCOLN’s stock price settled at ₹580.80 per share. Also check out its key support and resistance levels.

LINCOLN Buy/Sell Targets

Tomorrow, buy LINCOLN when its price reaches ₹ 580.80 with a stop-loss order at ₹ 570.46. You can set the target price as ₹ 591.14 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 LINCOLN 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 LINCOLN

Resistance Levels Value in ₹
Tomorrow Resistance 1 588
Tomorrow Resistance 2 595
Tomorrow Resistance 3 604

Important Supports for LINCOLN

Support Levels Value in ₹
Tomorrow Support 1 572
Tomorrow Support 2 563
Tomorrow Support 3 556
Based on where the stock opens tomorrow, if LINCOLN opens on a positive note, our first target will be ₹588. If Target 1 is achieved, we will aim for Target 2 which is ₹595.

But if LINCOLN falls below the average value of ₹578.98, you can enter a sell side position with target number 1 - ₹572 and second target - ₹563 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 LINCOLN

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

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

Tomorrow's Volume based share price Forecast for LINCOLN

LINCOLN'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 7%.

Reversal detection for LINCOLN

Predicted trend chart of LINCOLN tomorrow for price forecast
LINCOLN may trend may continue to be bullish since stock is making higher highs and we can get target of ₹575 in morning tomorrow
Target 1 tomorrow585
Target 2 tomorrow589
Target 3 tomorrow595
 

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 LINCOLN'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 LINCOLN opens on a positive note, our first target will be ₹587.97. If Target 1 is achieved, we will aim for Target 2 which is ₹595.13.

But if LINCOLN falls below the average value of ₹578.98, you can enter a sell side position with target number 1 - ₹571.82 and second target - ₹562.83

LINCOLN's Weekly Targets
1st Up Target 593.10
2nd Up Target 605.40
1st Down Target 563.40
2nd Down Target 546.00

As the week for LINCOLN ended on bearish sentiments, we can expect further continuation of this sentiment. LINCOLN's initial target will be 593.10 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 563.40 in the upcoming week.

Weekly OHLC Values
Open 586.65
High 588.00
Low 558.30
Close 580.80

Week for LINCOLN started with an open price of 586.65, and the close was at 580.80. LINCOLN reached the highest of 588.00 and dipped lowest up to 558.30 last week. This indicates a bearish sentiment for the week.

LINCOLN full month swing targets
Monthly Up Target 1 622.80
Monthly Up Target 2 635.10
Monthly Down Target 1 533.70
Monthly Down Target 2 486.60

Targets of ₹622.80 can be expected to be reached in the coming month. Once LINCOLN achieved this target, we can aim for the next upside target of ₹635.10.

LINCOLN if fails to hold upside, down targets of ₹533.70 and ₹486.60 can be achieved by end of this month.

For complete three weeks if LINCOLN 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 LINCOLN

Symbol Name Industry
SUNPHARMA Sun Pharmaceutical Industries Limited Drug Manufacturers - Specialty & Generic
CIPLA Cipla Limited Drug Manufacturers - General
DRREDDY Dr. Reddy's Laboratories Limited Drug Manufacturers - Specialty & Generic
ZYDUSLIFE Zydus Lifesciences Limited Drug Manufacturers - Specialty & Generic
APOLLOHOSP Apollo Hospitals Enterprise Limited Medical Care Facilities

Summary

LINCOLN is expected to reach the target of 587.97 in tomorrow's trading session.

After achieving the initial target in LINCOLN, we will aim for higher targets of 595.13 tomorrow.

However, if LINCOLN starts to trade below ₹578.98, then we will shift our focus to the sell side and aim for down targets of 571.82 and 562.83.