Price and trend forecast of MBAPL for Tomorrow, Weekly, Monthly
Madhya Bharat Agro Products Limited
Symbol: NSE:MBAPL
ISIN: INE900L01010
218.37
As on 2024-09-06
MBAPL's Today's Performance
Madhya Bharat Agro Products Limited started the day by opening at 219.21 today 2024-09-06. Its shares reached a high of 221.00 and dipped to a low of 214.07 in intraday. When the markets closed, MBAPL’s stock price settled at ₹218.37 per share. Also check out its key support and resistance levels.
MBAPL Buy/Sell Targets
Tomorrow, sell MBAPL when its price reaches ₹ 218.37 with a stop-loss order at ₹ 220.81. You can set the target price as ₹ 215.93 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 MBAPL 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 MBAPL
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 222 |
| Tomorrow Down Target 2 | 225 |
| Tomorrow Down Target 3 | 228 |
Important Levels for MBAPL
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 215 |
| Tomorrow Up Target 2 | 211 |
| Tomorrow Up Target 3 | 208 |
Based on where the stock opens tomorrow, if MBAPL opens on a positive note, our first target will be ₹222. If Target 1 is achieved, we will aim for Target 2 which is ₹225.
But if MBAPL falls below the average value of ₹217.81, you can enter a sell side position with target number 1 - ₹215 and second target - ₹211 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 MBAPL
Looking at MBAPL, 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, MBAPL has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for MBAPL is moderate bearish.
Tomorrow's Volume based share price Forecast for MBAPL
MBAPL's Volume is currently in a Decreasing 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 -31%.
Reversal detection for MBAPL
MBAPL may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹220 in morning tomorrow
| Target 1 tomorrow | 220 |
| Target 2 tomorrow | 222 |
| Target 3 tomorrow | 225 |
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 MBAPL'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 MBAPL opens on a positive note, our first target will be ₹221.56. If Target 1 is achieved, we will aim for Target 2 which is ₹224.74.
But if MBAPL falls below the average value of ₹217.81, you can enter a sell side position with target number 1 - ₹214.63 and second target - ₹210.88
MBAPL's Weekly Targets
| 1st Up Target | 223.56 |
| 2nd Up Target | 228.74 |
| 1st Down Target | 213.63 |
| 2nd Down Target | 208.88 |
As the week for MBAPL ended on bearish sentiments, we can expect further continuation of this sentiment. MBAPL's initial target will be 223.56 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 213.63 in the upcoming week.
Weekly OHLC Values
| Open | 221.97 |
| High | 224.00 |
| Low | 214.07 |
| Close | 218.37 |
Week for MBAPL started with an open price of 221.97, and the close was at 218.37. MBAPL reached the highest of 224.00 and dipped lowest up to 214.07 last week. This indicates a bearish sentiment for the week.
MBAPL full month swing targets
| Monthly Up Target 1 | 233.49 |
| Monthly Up Target 2 | 238.67 |
| Monthly Down Target 1 | 203.70 |
| Monthly Down Target 2 | 189.02 |
Targets of ₹233.49 can be expected to be reached in the coming month. Once MBAPL achieved this target, we can aim for the next upside target of ₹238.67.
MBAPL if fails to hold upside, down targets of ₹203.70 and ₹189.02 can be achieved by end of this month.
For complete three weeks if MBAPL 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 MBAPL
| Symbol | Name | Industry |
|---|---|---|
| ULTRACEMCO | UltraTech Cement Limited | Building Materials |
| ASIANPAINT | Asian Paints Limited | Specialty Chemicals |
| JSWSTEEL | JSW Steel Limited | Steel |
| TATASTEEL | Tata Steel Limited | Steel |
| GRASIM | Grasim Industries Limited | Building Materials |
Summary
MBAPL is expected to reach the target of 221.56 in tomorrow's trading session.
After achieving the initial target in MBAPL, we will aim for higher targets of 224.74 tomorrow.
However, if MBAPL starts to trade below ₹217.81, then we will shift our focus to the sell side and aim for down targets of 214.63 and 210.88.