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

Marksans Pharma Limited

Symbol: NSE:MARKSANS

ISIN: INE750C01026

176.70

As on 2024-04-16

70.55 (52W Low) 179.30 (52W High)

MARKSANS's Today's Performance

Marksans Pharma Limited started the day by opening at 159.00 today 2024-04-16. Its shares reached a high of 178.70 and dipped to a low of 158.75 in intraday. When the markets closed, MARKSANS’s stock price settled at ₹176.70 per share. Also check out its key support and resistance levels.

MARKSANS Buy/Sell Targets

Tomorrow, buy MARKSANS when its price reaches ₹ 176.70 with a stop-loss order at ₹ 171.05. You can set the target price as ₹ 182.35 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 MARKSANS 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 MARKSANS

Resistance Levels Value in ₹
Tomorrow Resistance 1 184
Tomorrow Resistance 2 191
Tomorrow Resistance 3 204

Important Supports for MARKSANS

Support Levels Value in ₹
Tomorrow Support 1 164
Tomorrow Support 2 151
Tomorrow Support 3 144
Based on where the stock opens tomorrow, if MARKSANS opens on a positive note, our first target will be ₹184. If Target 1 is achieved, we will aim for Target 2 which is ₹191.

But if MARKSANS falls below the average value of ₹171.38, you can enter a sell side position with target number 1 - ₹164 and second target - ₹151 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 MARKSANS

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

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

Tomorrow's Volume based share price Forecast for MARKSANS

MARKSANS'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 -47%.

Reversal detection for MARKSANS

Predicted trend chart of MARKSANS tomorrow for price forecast
MARKSANS may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹157 in morning tomorrow
Target 1 tomorrow179
Target 2 tomorrow184
Target 3 tomorrow191
 

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 MARKSANS'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 MARKSANS opens on a positive note, our first target will be ₹184.02. If Target 1 is achieved, we will aim for Target 2 which is ₹191.33.

But if MARKSANS falls below the average value of ₹171.38, you can enter a sell side position with target number 1 - ₹164.07 and second target - ₹151.43

MARKSANS's Weekly Targets
1st Up Target 185.70
2nd Up Target 194.70
1st Down Target 160.70
2nd Down Target 144.70

As the week for MARKSANS ended on bullish sentiments, we can expect further continuation of this sentiment. MARKSANS's initial target will be 185.70 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 160.70 in the upcoming week.

Weekly OHLC Values
Open 158.10
High 178.70
Low 153.70
Close 176.70

Week for MARKSANS started with an open price of 158.10, and the close was at 176.70. MARKSANS reached the highest of 178.70 and dipped lowest up to 153.70 last week. This indicates a bullish sentiment for the week.

MARKSANS full month swing targets
Monthly Up Target 1 210.70
Monthly Up Target 2 219.70
Monthly Down Target 1 135.70
Monthly Down Target 2 94.70

Targets of ₹210.70 can be expected to be reached in the coming month. Once MARKSANS achieved this target, we can aim for the next upside target of ₹219.70.

MARKSANS if fails to hold upside, down targets of ₹135.70 and ₹94.70 can be achieved by end of this month.

For complete three weeks if MARKSANS 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 MARKSANS

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

MARKSANS is expected to reach the target of 184.02 in tomorrow's trading session.

After achieving the initial target in MARKSANS, we will aim for higher targets of 191.33 tomorrow.

However, if MARKSANS starts to trade below ₹171.38, then we will shift our focus to the sell side and aim for down targets of 164.07 and 151.43.