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

Murudeshwar Ceramics Limited

Symbol: NSE:MURUDCERA

ISIN: INE692B01014

54.28

As on 2024-10-09

39.95 (52W Low) 71.90 (52W High)

MURUDCERA's Today's Performance

Murudeshwar Ceramics Limited started the day by opening at 53.31 today 2024-10-09. Its shares reached a high of 56.20 and dipped to a low of 53.31 in intraday. When the markets closed, MURUDCERA’s stock price settled at ₹54.28 per share. Also check out its key support and resistance levels.

MURUDCERA Buy/Sell Targets

Tomorrow, buy MURUDCERA when its price reaches ₹ 54.28 with a stop-loss order at ₹ 52.77. You can set the target price as ₹ 55.79 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 MURUDCERA 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 MURUDCERA

Downside Targets Value in ₹
Tomorrow Down Target 1 56
Tomorrow Down Target 2 57
Tomorrow Down Target 3 59

Important Levels for MURUDCERA

Holding Levels Value in ₹
Tomorrow Up Target 1 53
Tomorrow Up Target 2 52
Tomorrow Up Target 3 50
Based on where the stock opens tomorrow, if MURUDCERA opens on a positive note, our first target will be ₹56. If Target 1 is achieved, we will aim for Target 2 which is ₹57.

But if MURUDCERA falls below the average value of ₹54.60, you can enter a sell side position with target number 1 - ₹53 and second target - ₹52 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 MURUDCERA

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

Based on this, the predicted sentiment for MURUDCERA is strong bearish.

Tomorrow's Volume based share price Forecast for MURUDCERA

MURUDCERA's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 144%.

Reversal detection for MURUDCERA

Predicted trend chart of MURUDCERA tomorrow for price forecast
MURUDCERA may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹54 in morning tomorrow
Target 1 tomorrow56
Target 2 tomorrow56
Target 3 tomorrow57
 

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 MURUDCERA'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 MURUDCERA opens on a positive note, our first target will be ₹55.88. If Target 1 is achieved, we will aim for Target 2 which is ₹57.49.

But if MURUDCERA falls below the average value of ₹54.60, you can enter a sell side position with target number 1 - ₹52.99 and second target - ₹51.71

MURUDCERA's Weekly Targets
1st Up Target 56.68
2nd Up Target 59.09
1st Down Target 52.19
2nd Down Target 50.11

As the week for MURUDCERA ended on bearish sentiments, we can expect further continuation of this sentiment. MURUDCERA's initial target will be 56.68 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 52.19 in the upcoming week.

Weekly OHLC Values
Open 55.50
High 57.00
Low 52.51
Close 54.28

Week for MURUDCERA started with an open price of 55.50, and the close was at 54.28. MURUDCERA reached the highest of 57.00 and dipped lowest up to 52.51 last week. This indicates a bearish sentiment for the week.

MURUDCERA full month swing targets
Monthly Up Target 1 61.17
Monthly Up Target 2 63.58
Monthly Down Target 1 47.70
Monthly Down Target 2 41.13

Targets of ₹61.17 can be expected to be reached in the coming month. Once MURUDCERA achieved this target, we can aim for the next upside target of ₹63.58.

MURUDCERA if fails to hold upside, down targets of ₹47.70 and ₹41.13 can be achieved by end of this month.

For complete three weeks if MURUDCERA 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

MURUDCERA is expected to reach the target of 55.88 in tomorrow's trading session.

After achieving the initial target in MURUDCERA, we will aim for higher targets of 57.49 tomorrow.

However, if MURUDCERA starts to trade below ₹54.60, then we will shift our focus to the sell side and aim for down targets of 52.99 and 51.71.