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

Nahar Poly Films Limited

Symbol: NSE:NAHARPOLY

ISIN: INE308A01027

206.45

As on 2024-04-24

177.00 (52W Low) 292.45 (52W High)

NAHARPOLY's Today's Performance

Nahar Poly Films Limited started the day by opening at 203.90 today 2024-04-24. Its shares reached a high of 211.25 and dipped to a low of 203.35 in intraday. When the markets closed, NAHARPOLY’s stock price settled at ₹206.45 per share. Also check out its key support and resistance levels.

NAHARPOLY Buy/Sell Targets

Tomorrow, buy NAHARPOLY when its price reaches ₹ 206.45 with a stop-loss order at ₹ 203.08. You can set the target price as ₹ 209.83 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 NAHARPOLY 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 NAHARPOLY

Downside Targets Value in ₹
Tomorrow Down Target 1 211
Tomorrow Down Target 2 215
Tomorrow Down Target 3 219

Important Levels for NAHARPOLY

Holding Levels Value in ₹
Tomorrow Up Target 1 203
Tomorrow Up Target 2 199
Tomorrow Up Target 3 195
Based on where the stock opens tomorrow, if NAHARPOLY opens on a positive note, our first target will be ₹211. If Target 1 is achieved, we will aim for Target 2 which is ₹215.

But if NAHARPOLY falls below the average value of ₹207.02, you can enter a sell side position with target number 1 - ₹203 and second target - ₹199 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 NAHARPOLY

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

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

Tomorrow's Volume based share price Forecast for NAHARPOLY

NAHARPOLY'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 -63%.

Reversal detection for NAHARPOLY

Predicted trend chart of NAHARPOLY tomorrow for price forecast
NAHARPOLY may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹204 in morning tomorrow
Target 1 tomorrow210
Target 2 tomorrow212
Target 3 tomorrow215
 

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 NAHARPOLY'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 NAHARPOLY opens on a positive note, our first target will be ₹210.68. If Target 1 is achieved, we will aim for Target 2 which is ₹214.92.

But if NAHARPOLY falls below the average value of ₹207.02, you can enter a sell side position with target number 1 - ₹202.78 and second target - ₹199.12

NAHARPOLY's Weekly Targets
1st Up Target 212.30
2nd Up Target 218.15
1st Down Target 199.55
2nd Down Target 192.65

As the week for NAHARPOLY ended on bullish sentiments, we can expect further continuation of this sentiment. NAHARPOLY's initial target will be 212.30 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 199.55 in the upcoming week.

Weekly OHLC Values
Open 201.60
High 211.25
Low 198.50
Close 206.45

Week for NAHARPOLY started with an open price of 201.60, and the close was at 206.45. NAHARPOLY reached the highest of 211.25 and dipped lowest up to 198.50 last week. This indicates a bullish sentiment for the week.

NAHARPOLY full month swing targets
Monthly Up Target 1 225.05
Monthly Up Target 2 230.90
Monthly Down Target 1 186.80
Monthly Down Target 2 167.15

Targets of ₹225.05 can be expected to be reached in the coming month. Once NAHARPOLY achieved this target, we can aim for the next upside target of ₹230.90.

NAHARPOLY if fails to hold upside, down targets of ₹186.80 and ₹167.15 can be achieved by end of this month.

For complete three weeks if NAHARPOLY 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

NAHARPOLY is expected to reach the target of 210.68 in tomorrow's trading session.

After achieving the initial target in NAHARPOLY, we will aim for higher targets of 214.92 tomorrow.

However, if NAHARPOLY starts to trade below ₹207.02, then we will shift our focus to the sell side and aim for down targets of 202.78 and 199.12.