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

Man Infraconstruction Limited

Symbol: NSE:MANINFRA

ISIN: INE949H01023

215.35

As on 2024-04-12

76.95 (52W Low) 249.30 (52W High)

MANINFRA's Today's Performance

Man Infraconstruction Limited started the day by opening at 211.90 today 2024-04-12. Its shares reached a high of 218.40 and dipped to a low of 211.05 in intraday. When the markets closed, MANINFRA’s stock price settled at ₹215.35 per share. Also check out its key support and resistance levels.

MANINFRA Buy/Sell Targets

Tomorrow, buy MANINFRA when its price reaches ₹ 215.35 with a stop-loss order at ₹ 212.61. You can set the target price as ₹ 218.09 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 MANINFRA 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 MANINFRA

Resistance Levels Value in ₹
Tomorrow Resistance 1 219
Tomorrow Resistance 2 222
Tomorrow Resistance 3 226

Important Supports for MANINFRA

Support Levels Value in ₹
Tomorrow Support 1 211
Tomorrow Support 2 208
Tomorrow Support 3 204
Based on where the stock opens tomorrow, if MANINFRA opens on a positive note, our first target will be ₹219. If Target 1 is achieved, we will aim for Target 2 which is ₹222.

But if MANINFRA falls below the average value of ₹214.93, you can enter a sell side position with target number 1 - ₹211 and second target - ₹208 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 MANINFRA

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

Based on this, the predicted sentiment for MANINFRA is moderate bullish.

Tomorrow's Volume based share price Forecast for MANINFRA

MANINFRA's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -72%.

Reversal detection for MANINFRA

Predicted trend chart of MANINFRA tomorrow for price forecast
MANINFRA may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹210 in morning tomorrow
Target 1 tomorrow218
Target 2 tomorrow219
Target 3 tomorrow222
 

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 MANINFRA'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 MANINFRA opens on a positive note, our first target will be ₹218.82. If Target 1 is achieved, we will aim for Target 2 which is ₹222.28.

But if MANINFRA falls below the average value of ₹214.93, you can enter a sell side position with target number 1 - ₹211.47 and second target - ₹207.58

MANINFRA's Weekly Targets
1st Up Target 220.10
2nd Up Target 224.85
1st Down Target 209.30
2nd Down Target 203.25

As the week for MANINFRA ended on bearish sentiments, we can expect further continuation of this sentiment. MANINFRA's initial target will be 220.10 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 209.30 in the upcoming week.

Weekly OHLC Values
Open 218.80
High 218.80
Low 208.00
Close 215.35

Week for MANINFRA started with an open price of 218.80, and the close was at 215.35. MANINFRA reached the highest of 218.80 and dipped lowest up to 208.00 last week. This indicates a bearish sentiment for the week.

MANINFRA full month swing targets
Monthly Up Target 1 230.90
Monthly Up Target 2 235.65
Monthly Down Target 1 198.50
Monthly Down Target 2 181.65

Targets of ₹230.90 can be expected to be reached in the coming month. Once MANINFRA achieved this target, we can aim for the next upside target of ₹235.65.

MANINFRA if fails to hold upside, down targets of ₹198.50 and ₹181.65 can be achieved by end of this month.

For complete three weeks if MANINFRA 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

MANINFRA is expected to reach the target of 218.82 in tomorrow's trading session.

After achieving the initial target in MANINFRA, we will aim for higher targets of 222.28 tomorrow.

However, if MANINFRA starts to trade below ₹214.93, then we will shift our focus to the sell side and aim for down targets of 211.47 and 207.58.