Price and trend forecast of MOL for Tomorrow, Weekly, Monthly
Meghmani Organics Limited
Symbol: NSE:MOL
ISIN: INE0CT101020
109.08
As on 2024-09-16
MOL's Today's Performance
Meghmani Organics Limited started the day by opening at 106.00 today 2024-09-16. Its shares reached a high of 112.90 and dipped to a low of 104.16 in intraday. When the markets closed, MOL’s stock price settled at ₹109.08 per share. Also check out its key support and resistance levels.
MOL Buy/Sell Targets
Tomorrow, buy MOL when its price reaches ₹ 109.08 with a stop-loss order at ₹ 106.44. You can set the target price as ₹ 111.72 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 MOL 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 MOL
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 113 |
| Tomorrow Down Target 2 | 117 |
| Tomorrow Down Target 3 | 122 |
Important Levels for MOL
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 105 |
| Tomorrow Up Target 2 | 100 |
| Tomorrow Up Target 3 | 96 |
Based on where the stock opens tomorrow, if MOL opens on a positive note, our first target will be ₹113. If Target 1 is achieved, we will aim for Target 2 which is ₹117.
But if MOL falls below the average value of ₹108.71, you can enter a sell side position with target number 1 - ₹105 and second target - ₹100 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 MOL
Looking at MOL, 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, MOL has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for MOL is moderate bearish.
Tomorrow's Volume based share price Forecast for MOL
MOL'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 -36%.
Reversal detection for MOL
MOL may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹106 in morning tomorrow
| Target 1 tomorrow | 112 |
| Target 2 tomorrow | 114 |
| Target 3 tomorrow | 117 |
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 MOL'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 MOL opens on a positive note, our first target will be ₹113.27. If Target 1 is achieved, we will aim for Target 2 which is ₹117.45.
But if MOL falls below the average value of ₹108.71, you can enter a sell side position with target number 1 - ₹104.53 and second target - ₹99.97
MOL's Weekly Targets
| 1st Up Target | 113.27 |
| 2nd Up Target | 117.45 |
| 1st Down Target | 104.53 |
| 2nd Down Target | 99.97 |
As the week for MOL ended on bullish sentiments, we can expect further continuation of this sentiment. MOL's initial target will be 113.27 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 104.53 in the upcoming week.
Weekly OHLC Values
| Open | 106.00 |
| High | 112.90 |
| Low | 104.16 |
| Close | 109.08 |
Week for MOL started with an open price of 106.00, and the close was at 109.08. MOL reached the highest of 112.90 and dipped lowest up to 104.16 last week. This indicates a bullish sentiment for the week.
MOL full month swing targets
| Monthly Up Target 1 | 122.01 |
| Monthly Up Target 2 | 126.19 |
| Monthly Down Target 1 | 95.79 |
| Monthly Down Target 2 | 82.49 |
Targets of ₹122.01 can be expected to be reached in the coming month. Once MOL achieved this target, we can aim for the next upside target of ₹126.19.
MOL if fails to hold upside, down targets of ₹95.79 and ₹82.49 can be achieved by end of this month.
For complete three weeks if MOL 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 MOL
| 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
MOL is expected to reach the target of 113.27 in tomorrow's trading session.
After achieving the initial target in MOL, we will aim for higher targets of 117.45 tomorrow.
However, if MOL starts to trade below ₹108.71, then we will shift our focus to the sell side and aim for down targets of 104.53 and 99.97.