Price and trend forecast of MARINE for Tomorrow, Weekly, Monthly
Marine Electricals (India) Limited
Symbol: NSE:MARINE
ISIN: INE01JE01028
230.19
As on 2024-10-09
MARINE's Today's Performance
Marine Electricals (India) Limited started the day by opening at 236.72 today 2024-10-09. Its shares reached a high of 238.80 and dipped to a low of 227.52 in intraday. When the markets closed, MARINE’s stock price settled at ₹230.19 per share. Also check out its key support and resistance levels.
MARINE Buy/Sell Targets
Tomorrow, sell MARINE when its price reaches ₹ 230.19 with a stop-loss order at ₹ 238.48. You can set the target price as ₹ 221.90 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 MARINE 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 MARINE
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 237 |
| Tomorrow Down Target 2 | 243 |
| Tomorrow Down Target 3 | 248 |
Important Levels for MARINE
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 226 |
| Tomorrow Up Target 2 | 221 |
| Tomorrow Up Target 3 | 214 |
Based on where the stock opens tomorrow, if MARINE opens on a positive note, our first target will be ₹237. If Target 1 is achieved, we will aim for Target 2 which is ₹243.
But if MARINE falls below the average value of ₹232.17, you can enter a sell side position with target number 1 - ₹226 and second target - ₹221 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 MARINE
Looking at MARINE, 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, MARINE has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for MARINE is strong bullish.
Tomorrow's Volume based share price Forecast for MARINE
MARINE's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 674%.
Reversal detection for MARINE
MARINE may trend may continue to be bearish since stock is making lower low and we can get target of ₹227 in morning tomorrow
| Target 1 tomorrow | 236 |
| Target 2 tomorrow | 239 |
| Target 3 tomorrow | 243 |
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 MARINE'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 MARINE opens on a positive note, our first target will be ₹236.82. If Target 1 is achieved, we will aim for Target 2 which is ₹243.45.
But if MARINE falls below the average value of ₹232.17, you can enter a sell side position with target number 1 - ₹225.54 and second target - ₹220.89
MARINE's Weekly Targets
| 1st Up Target | 242.53 |
| 2nd Up Target | 254.86 |
| 1st Down Target | 215.48 |
| 2nd Down Target | 200.76 |
As the week for MARINE ended on bearish sentiments, we can expect further continuation of this sentiment. MARINE's initial target will be 242.53 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 215.48 in the upcoming week.
Weekly OHLC Values
| Open | 237.00 |
| High | 240.15 |
| Low | 213.10 |
| Close | 230.19 |
Week for MARINE started with an open price of 237.00, and the close was at 230.19. MARINE reached the highest of 240.15 and dipped lowest up to 213.10 last week. This indicates a bearish sentiment for the week.
MARINE full month swing targets
| Monthly Up Target 1 | 269.58 |
| Monthly Up Target 2 | 281.91 |
| Monthly Down Target 1 | 188.43 |
| Monthly Down Target 2 | 146.66 |
Targets of ₹269.58 can be expected to be reached in the coming month. Once MARINE achieved this target, we can aim for the next upside target of ₹281.91.
MARINE if fails to hold upside, down targets of ₹188.43 and ₹146.66 can be achieved by end of this month.
For complete three weeks if MARINE 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 MARINE
| 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
MARINE is expected to reach the target of 236.82 in tomorrow's trading session.
After achieving the initial target in MARINE, we will aim for higher targets of 243.45 tomorrow.
However, if MARINE starts to trade below ₹232.17, then we will shift our focus to the sell side and aim for down targets of 225.54 and 220.89.