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

Mayur Uniquoters Ltd

Symbol: NSE:MAYURUNIQ

ISIN: INE040D01038

587.35

As on 2024-07-19

455.00 (52W Low) 695.85 (52W High)

MAYURUNIQ's Today's Performance

Mayur Uniquoters Ltd started the day by opening at 608.00 today 2024-07-19. Its shares reached a high of 610.05 and dipped to a low of 581.95 in intraday. When the markets closed, MAYURUNIQ’s stock price settled at ₹587.35 per share. Also check out its key support and resistance levels.

MAYURUNIQ Buy/Sell Targets

Tomorrow, sell MAYURUNIQ when its price reaches ₹ 587.35 with a stop-loss order at ₹ 598.97. You can set the target price as ₹ 575.73 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 MAYURUNIQ 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 MAYURUNIQ

Downside Targets Value in ₹
Tomorrow Down Target 1 604
Tomorrow Down Target 2 621
Tomorrow Down Target 3 632

Important Levels for MAYURUNIQ

Holding Levels Value in ₹
Tomorrow Up Target 1 576
Tomorrow Up Target 2 565
Tomorrow Up Target 3 548
Based on where the stock opens tomorrow, if MAYURUNIQ opens on a positive note, our first target will be ₹604. If Target 1 is achieved, we will aim for Target 2 which is ₹621.

But if MAYURUNIQ falls below the average value of ₹593.12, you can enter a sell side position with target number 1 - ₹576 and second target - ₹565 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 MAYURUNIQ

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

Based on this, the predicted sentiment for MAYURUNIQ is moderate bearish.

Tomorrow's Volume based share price Forecast for MAYURUNIQ

MAYURUNIQ's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -24%.

Reversal detection for MAYURUNIQ

Predicted trend chart of MAYURUNIQ tomorrow for price forecast
MAYURUNIQ may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹611 in morning tomorrow
Target 1 tomorrow604
Target 2 tomorrow610
Target 3 tomorrow621
 

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 MAYURUNIQ'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 MAYURUNIQ opens on a positive note, our first target will be ₹604.28. If Target 1 is achieved, we will aim for Target 2 which is ₹621.22.

But if MAYURUNIQ falls below the average value of ₹593.12, you can enter a sell side position with target number 1 - ₹576.18 and second target - ₹565.02

MAYURUNIQ's Weekly Targets
1st Up Target 616.25
2nd Up Target 645.15
1st Down Target 570.20
2nd Down Target 553.05

As the week for MAYURUNIQ ended on bearish sentiments, we can expect further continuation of this sentiment. MAYURUNIQ's initial target will be 616.25 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 570.20 in the upcoming week.

Weekly OHLC Values
Open 627.40
High 628.00
Low 581.95
Close 587.35

Week for MAYURUNIQ started with an open price of 627.40, and the close was at 587.35. MAYURUNIQ reached the highest of 628.00 and dipped lowest up to 581.95 last week. This indicates a bearish sentiment for the week.

MAYURUNIQ full month swing targets
Monthly Up Target 1 662.30
Monthly Up Target 2 691.20
Monthly Down Target 1 524.15
Monthly Down Target 2 460.95

Targets of ₹662.30 can be expected to be reached in the coming month. Once MAYURUNIQ achieved this target, we can aim for the next upside target of ₹691.20.

MAYURUNIQ if fails to hold upside, down targets of ₹524.15 and ₹460.95 can be achieved by end of this month.

For complete three weeks if MAYURUNIQ 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

MAYURUNIQ is expected to reach the target of 604.28 in tomorrow's trading session.

After achieving the initial target in MAYURUNIQ, we will aim for higher targets of 621.22 tomorrow.

However, if MAYURUNIQ starts to trade below ₹593.12, then we will shift our focus to the sell side and aim for down targets of 576.18 and 565.02.