Stock Information Portal

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

Credo Brands Marketing Limited

Symbol: NSE:MUFTI

ISIN: N/A

191.45

As on 2024-04-12

165.40 (52W Low) 324.80 (52W High)

MUFTI's Today's Performance

Credo Brands Marketing Limited started the day by opening at 193.45 today 2024-04-12. Its shares reached a high of 195.50 and dipped to a low of 188.80 in intraday. When the markets closed, MUFTI’s stock price settled at ₹191.45 per share. Also check out its key support and resistance levels.

MUFTI Buy/Sell Targets

Tomorrow, buy MUFTI when its price reaches ₹ 191.45 with a stop-loss order at ₹ 187.68. You can set the target price as ₹ 195.22 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 MUFTI 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 MUFTI

Resistance Levels Value in ₹
Tomorrow Resistance 1 195
Tomorrow Resistance 2 199
Tomorrow Resistance 3 202

Important Supports for MUFTI

Support Levels Value in ₹
Tomorrow Support 1 188
Tomorrow Support 2 185
Tomorrow Support 3 182
Based on where the stock opens tomorrow, if MUFTI opens on a positive note, our first target will be ₹195. If Target 1 is achieved, we will aim for Target 2 which is ₹199.

But if MUFTI falls below the average value of ₹191.92, you can enter a sell side position with target number 1 - ₹188 and second target - ₹185 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 MUFTI

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

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

Tomorrow's Volume based share price Forecast for MUFTI

MUFTI's Volume is currently in a Decreasing 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 1184%.

Reversal detection for MUFTI

Predicted trend chart of MUFTI tomorrow for price forecast
MUFTI may trend may continue to be bullish since stock is making higher highs and we can get target of ₹191 in morning tomorrow
Target 1 tomorrow194
Target 2 tomorrow196
Target 3 tomorrow199
 

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 MUFTI'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 MUFTI opens on a positive note, our first target will be ₹195.03. If Target 1 is achieved, we will aim for Target 2 which is ₹198.62.

But if MUFTI falls below the average value of ₹191.92, you can enter a sell side position with target number 1 - ₹188.33 and second target - ₹185.22

MUFTI's Weekly Targets
1st Up Target 201.83
2nd Up Target 212.22
1st Down Target 184.93
2nd Down Target 178.42

As the week for MUFTI ended on bearish sentiments, we can expect further continuation of this sentiment. MUFTI's initial target will be 201.83 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 184.93 in the upcoming week.

Weekly OHLC Values
Open 204.45
High 205.70
Low 188.80
Close 191.45

Week for MUFTI started with an open price of 204.45, and the close was at 191.45. MUFTI reached the highest of 205.70 and dipped lowest up to 188.80 last week. This indicates a bearish sentiment for the week.

MUFTI full month swing targets
Monthly Up Target 1 218.73
Monthly Up Target 2 229.12
Monthly Down Target 1 168.03
Monthly Down Target 2 144.62

Targets of ₹218.73 can be expected to be reached in the coming month. Once MUFTI achieved this target, we can aim for the next upside target of ₹229.12.

MUFTI if fails to hold upside, down targets of ₹168.03 and ₹144.62 can be achieved by end of this month.

For complete three weeks if MUFTI 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 MUFTI

Symbol Name Industry
MARUTI Maruti Suzuki India Limited Auto Manufacturers
TATAMTRDVR Tata Motors Limited Auto Manufacturers
TATAMOTORS Tata Motors Limited Auto Manufacturers
TITAN Titan Company Limited Luxury Goods
BAJAJ-AUTO Bajaj Auto Limited Auto Manufacturers

Summary

MUFTI is expected to reach the target of 195.03 in tomorrow's trading session.

After achieving the initial target in MUFTI, we will aim for higher targets of 198.62 tomorrow.

However, if MUFTI starts to trade below ₹191.92, then we will shift our focus to the sell side and aim for down targets of 188.33 and 185.22.