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

Vedant Fashions Limited

Symbol: NSE:MANYAVAR

ISIN: INE825V01034

1,044.00

As on 2024-05-17

886.05 (52W Low) 1,487.90 (52W High)

MANYAVAR's Today's Performance

Vedant Fashions Limited started the day by opening at 1,067.00 today 2024-05-17. Its shares reached a high of 1,082.30 and dipped to a low of 1,023.95 in intraday. When the markets closed, MANYAVAR’s stock price settled at ₹1,044.00 per share. Also check out its key support and resistance levels.

MANYAVAR Buy/Sell Targets

Tomorrow, sell MANYAVAR when its price reaches ₹ 1,044.00 with a stop-loss order at ₹ 1,066.98. You can set the target price as ₹ 1,021.02 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 MANYAVAR 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 MANYAVAR

Downside Targets Value in ₹
Tomorrow Down Target 1 1,076
Tomorrow Down Target 2 1,108
Tomorrow Down Target 3 1,135

Important Levels for MANYAVAR

Holding Levels Value in ₹
Tomorrow Up Target 1 1,018
Tomorrow Up Target 2 992
Tomorrow Up Target 3 960
Based on where the stock opens tomorrow, if MANYAVAR opens on a positive note, our first target will be ₹1,076. If Target 1 is achieved, we will aim for Target 2 which is ₹1,108.

But if MANYAVAR falls below the average value of ₹1,050.08, you can enter a sell side position with target number 1 - ₹1,018 and second target - ₹992 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 MANYAVAR

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

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

Tomorrow's Volume based share price Forecast for MANYAVAR

MANYAVAR's Volume is currently in a Decreasing 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 -11%.

Reversal detection for MANYAVAR

Predicted trend chart of MANYAVAR tomorrow for price forecast
MANYAVAR may trend may continue to be bearish since stock is making lower low and we can get target of ₹1060 in morning tomorrow
Target 1 tomorrow1072
Target 2 tomorrow1086
Target 3 tomorrow1108
 

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 MANYAVAR'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 MANYAVAR opens on a positive note, our first target will be ₹1,076.22. If Target 1 is achieved, we will aim for Target 2 which is ₹1,108.43.

But if MANYAVAR falls below the average value of ₹1,050.08, you can enter a sell side position with target number 1 - ₹1,017.87 and second target - ₹991.73

MANYAVAR's Weekly Targets
1st Up Target 1,096.37
2nd Up Target 1,148.73
1st Down Target 977.57
2nd Down Target 911.13

As the week for MANYAVAR ended on bullish sentiments, we can expect further continuation of this sentiment. MANYAVAR's initial target will be 1,096.37 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 977.57 in the upcoming week.

Weekly OHLC Values
Open 988.90
High 1,082.30
Low 963.50
Close 1,044.00

Week for MANYAVAR started with an open price of 988.90, and the close was at 1,044.00. MANYAVAR reached the highest of 1,082.30 and dipped lowest up to 963.50 last week. This indicates a bullish sentiment for the week.

MANYAVAR full month swing targets
Monthly Up Target 1 1,215.17
Monthly Up Target 2 1,267.53
Monthly Down Target 1 858.77
Monthly Down Target 2 673.53

Targets of ₹1,215.17 can be expected to be reached in the coming month. Once MANYAVAR achieved this target, we can aim for the next upside target of ₹1,267.53.

MANYAVAR if fails to hold upside, down targets of ₹858.77 and ₹673.53 can be achieved by end of this month.

For complete three weeks if MANYAVAR 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 MANYAVAR

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MARUTI Maruti Suzuki India Limited Auto Manufacturers
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TATAMOTORS Tata Motors Limited Auto Manufacturers
TITAN Titan Company Limited Luxury Goods
BAJAJ-AUTO Bajaj Auto Limited Auto Manufacturers

Summary

MANYAVAR is expected to reach the target of 1,076.22 in tomorrow's trading session.

After achieving the initial target in MANYAVAR, we will aim for higher targets of 1,108.43 tomorrow.

However, if MANYAVAR starts to trade below ₹1,050.08, then we will shift our focus to the sell side and aim for down targets of 1,017.87 and 991.73.