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

Nagarjuna Fertilizers and Chemicals Limited

Symbol: NSE:NAGAFERT

ISIN: INE454M01024

11.20

As on 2024-07-19

7.90 (52W Low) 15.85 (52W High)

NAGAFERT's Today's Performance

Nagarjuna Fertilizers and Chemicals Limited started the day by opening at 11.82 today 2024-07-19. Its shares reached a high of 11.88 and dipped to a low of 11.00 in intraday. When the markets closed, NAGAFERT’s stock price settled at ₹11.20 per share. Also check out its key support and resistance levels.

NAGAFERT Buy/Sell Targets

Tomorrow, sell NAGAFERT when its price reaches ₹ 11.20 with a stop-loss order at ₹ 11.49. You can set the target price as ₹ 10.91 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 NAGAFERT 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 NAGAFERT

Downside Targets Value in ₹
Tomorrow Down Target 1 12
Tomorrow Down Target 2 12
Tomorrow Down Target 3 13

Important Levels for NAGAFERT

Holding Levels Value in ₹
Tomorrow Up Target 1 11
Tomorrow Up Target 2 10
Tomorrow Up Target 3 10
Based on where the stock opens tomorrow, if NAGAFERT opens on a positive note, our first target will be ₹12. If Target 1 is achieved, we will aim for Target 2 which is ₹12.

But if NAGAFERT falls below the average value of ₹11.36, you can enter a sell side position with target number 1 - ₹11 and second target - ₹10 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 NAGAFERT

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

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

Tomorrow's Volume based share price Forecast for NAGAFERT

NAGAFERT'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 147%.

Reversal detection for NAGAFERT

Predicted trend chart of NAGAFERT tomorrow for price forecast
NAGAFERT may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹12 in morning tomorrow
Target 1 tomorrow12
Target 2 tomorrow12
Target 3 tomorrow12
 

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 NAGAFERT'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 NAGAFERT opens on a positive note, our first target will be ₹11.72. If Target 1 is achieved, we will aim for Target 2 which is ₹12.24.

But if NAGAFERT falls below the average value of ₹11.36, you can enter a sell side position with target number 1 - ₹10.84 and second target - ₹10.48

NAGAFERT's Weekly Targets
1st Up Target 11.89
2nd Up Target 12.57
1st Down Target 10.76
2nd Down Target 10.31

As the week for NAGAFERT ended on bearish sentiments, we can expect further continuation of this sentiment. NAGAFERT's initial target will be 11.89 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 10.76 in the upcoming week.

Weekly OHLC Values
Open 12.00
High 12.13
Low 11.00
Close 11.20

Week for NAGAFERT started with an open price of 12.00, and the close was at 11.20. NAGAFERT reached the highest of 12.13 and dipped lowest up to 11.00 last week. This indicates a bearish sentiment for the week.

NAGAFERT full month swing targets
Monthly Up Target 1 13.02
Monthly Up Target 2 13.70
Monthly Down Target 1 9.63
Monthly Down Target 2 8.05

Targets of ₹13.02 can be expected to be reached in the coming month. Once NAGAFERT achieved this target, we can aim for the next upside target of ₹13.70.

NAGAFERT if fails to hold upside, down targets of ₹9.63 and ₹8.05 can be achieved by end of this month.

For complete three weeks if NAGAFERT 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

NAGAFERT is expected to reach the target of 11.72 in tomorrow's trading session.

After achieving the initial target in NAGAFERT, we will aim for higher targets of 12.24 tomorrow.

However, if NAGAFERT starts to trade below ₹11.36, then we will shift our focus to the sell side and aim for down targets of 10.84 and 10.48.