Price and trend forecast of MAHEPC for Tomorrow, Weekly, Monthly
Mahindra EPC Irrigation Limited
Symbol: NSE:MAHEPC
ISIN: INE215D01010
134.87
As on 2024-09-20
MAHEPC's Today's Performance
Mahindra EPC Irrigation Limited started the day by opening at 133.81 today 2024-09-20. Its shares reached a high of 138.00 and dipped to a low of 131.02 in intraday. When the markets closed, MAHEPC’s stock price settled at ₹134.87 per share. Also check out its key support and resistance levels.
MAHEPC Buy/Sell Targets
Tomorrow, buy MAHEPC when its price reaches ₹ 134.87 with a stop-loss order at ₹ 132.04. You can set the target price as ₹ 137.70 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 MAHEPC 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 MAHEPC
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 138 |
| Tomorrow Down Target 2 | 142 |
| Tomorrow Down Target 3 | 145 |
Important Levels for MAHEPC
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 131 |
| Tomorrow Up Target 2 | 128 |
| Tomorrow Up Target 3 | 124 |
Based on where the stock opens tomorrow, if MAHEPC opens on a positive note, our first target will be ₹138. If Target 1 is achieved, we will aim for Target 2 which is ₹142.
But if MAHEPC falls below the average value of ₹134.63, you can enter a sell side position with target number 1 - ₹131 and second target - ₹128 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 MAHEPC
Looking at MAHEPC, 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, MAHEPC has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for MAHEPC is strong bearish.
Tomorrow's Volume based share price Forecast for MAHEPC
MAHEPC'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 40%.
Reversal detection for MAHEPC
MAHEPC may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹133 in morning tomorrow
| Target 1 tomorrow | 137 |
| Target 2 tomorrow | 139 |
| Target 3 tomorrow | 142 |
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 MAHEPC'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 MAHEPC opens on a positive note, our first target will be ₹138.24. If Target 1 is achieved, we will aim for Target 2 which is ₹141.61.
But if MAHEPC falls below the average value of ₹134.63, you can enter a sell side position with target number 1 - ₹131.26 and second target - ₹127.65
MAHEPC's Weekly Targets
| 1st Up Target | 139.16 |
| 2nd Up Target | 143.46 |
| 1st Down Target | 130.41 |
| 2nd Down Target | 125.96 |
As the week for MAHEPC ended on bearish sentiments, we can expect further continuation of this sentiment. MAHEPC's initial target will be 139.16 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 130.41 in the upcoming week.
Weekly OHLC Values
| Open | 138.50 |
| High | 139.00 |
| Low | 130.25 |
| Close | 134.87 |
Week for MAHEPC started with an open price of 138.50, and the close was at 134.87. MAHEPC reached the highest of 139.00 and dipped lowest up to 130.25 last week. This indicates a bearish sentiment for the week.
MAHEPC full month swing targets
| Monthly Up Target 1 | 147.91 |
| Monthly Up Target 2 | 152.21 |
| Monthly Down Target 1 | 121.66 |
| Monthly Down Target 2 | 108.46 |
Targets of ₹147.91 can be expected to be reached in the coming month. Once MAHEPC achieved this target, we can aim for the next upside target of ₹152.21.
MAHEPC if fails to hold upside, down targets of ₹121.66 and ₹108.46 can be achieved by end of this month.
For complete three weeks if MAHEPC 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 MAHEPC
| Symbol | Name | Industry |
|---|---|---|
| LT | Larsen & Toubro Limited | Engineering & Construction |
| ADANIPORTS | Adani Ports and Special Economic Zone Limited | Marine Shipping |
| HAL | Hindustan Aeronautics Limited | Aerospace & Defense |
| SIEMENS | Siemens Limited | Specialty Industrial Machinery |
| BEL | Bharat Electronics Limited | Aerospace & Defense |
Summary
MAHEPC is expected to reach the target of 138.24 in tomorrow's trading session.
After achieving the initial target in MAHEPC, we will aim for higher targets of 141.61 tomorrow.
However, if MAHEPC starts to trade below ₹134.63, then we will shift our focus to the sell side and aim for down targets of 131.26 and 127.65.