Price and trend forecast of NAHARINDUS for Tomorrow, Weekly, Monthly
Nahar Industrial Enterprises Limited
Symbol: NSE:NAHARINDUS
ISIN: INE289A01011
153.16
As on 2024-09-16
NAHARINDUS's Today's Performance
Nahar Industrial Enterprises Limited started the day by opening at 151.01 today 2024-09-16. Its shares reached a high of 156.79 and dipped to a low of 151.01 in intraday. When the markets closed, NAHARINDUS’s stock price settled at ₹153.16 per share. Also check out its key support and resistance levels.
NAHARINDUS Buy/Sell Targets
Tomorrow, buy NAHARINDUS when its price reaches ₹ 153.16 with a stop-loss order at ₹ 150.88. You can set the target price as ₹ 155.45 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 NAHARINDUS 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 NAHARINDUS
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 156 |
| Tomorrow Down Target 2 | 159 |
| Tomorrow Down Target 3 | 162 |
Important Levels for NAHARINDUS
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 151 |
| Tomorrow Up Target 2 | 148 |
| Tomorrow Up Target 3 | 145 |
Based on where the stock opens tomorrow, if NAHARINDUS opens on a positive note, our first target will be ₹156. If Target 1 is achieved, we will aim for Target 2 which is ₹159.
But if NAHARINDUS falls below the average value of ₹153.65, you can enter a sell side position with target number 1 - ₹151 and second target - ₹148 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 NAHARINDUS
Looking at NAHARINDUS, 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, NAHARINDUS has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for NAHARINDUS is moderate bullish.
Tomorrow's Volume based share price Forecast for NAHARINDUS
NAHARINDUS'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 27%.
Reversal detection for NAHARINDUS
NAHARINDUS may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹153 in morning tomorrow
| Target 1 tomorrow | 156 |
| Target 2 tomorrow | 157 |
| Target 3 tomorrow | 159 |
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 NAHARINDUS'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 NAHARINDUS opens on a positive note, our first target will be ₹156.30. If Target 1 is achieved, we will aim for Target 2 which is ₹159.43.
But if NAHARINDUS falls below the average value of ₹153.65, you can enter a sell side position with target number 1 - ₹150.52 and second target - ₹147.87
NAHARINDUS's Weekly Targets
| 1st Up Target | 156.30 |
| 2nd Up Target | 159.43 |
| 1st Down Target | 150.52 |
| 2nd Down Target | 147.87 |
As the week for NAHARINDUS ended on bullish sentiments, we can expect further continuation of this sentiment. NAHARINDUS's initial target will be 156.30 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 150.52 in the upcoming week.
Weekly OHLC Values
| Open | 151.01 |
| High | 156.79 |
| Low | 151.01 |
| Close | 153.16 |
Week for NAHARINDUS started with an open price of 151.01, and the close was at 153.16. NAHARINDUS reached the highest of 156.79 and dipped lowest up to 151.01 last week. This indicates a bullish sentiment for the week.
NAHARINDUS full month swing targets
| Monthly Up Target 1 | 162.08 |
| Monthly Up Target 2 | 165.21 |
| Monthly Down Target 1 | 144.74 |
| Monthly Down Target 2 | 136.31 |
Targets of ₹162.08 can be expected to be reached in the coming month. Once NAHARINDUS achieved this target, we can aim for the next upside target of ₹165.21.
NAHARINDUS if fails to hold upside, down targets of ₹144.74 and ₹136.31 can be achieved by end of this month.
For complete three weeks if NAHARINDUS 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 NAHARINDUS
| 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
NAHARINDUS is expected to reach the target of 156.30 in tomorrow's trading session.
After achieving the initial target in NAHARINDUS, we will aim for higher targets of 159.43 tomorrow.
However, if NAHARINDUS starts to trade below ₹153.65, then we will shift our focus to the sell side and aim for down targets of 150.52 and 147.87.