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

Nahar Spinning Mills Limited

Symbol: NSE:NAHARSPING

ISIN: INE290A01027

276.60

As on 2024-11-08

225.00 (52W Low) 384.50 (52W High)

NAHARSPING's Today's Performance

Nahar Spinning Mills Limited started the day by opening at 276.10 today 2024-11-08. Its shares reached a high of 283.50 and dipped to a low of 272.25 in intraday. When the markets closed, NAHARSPING’s stock price settled at ₹276.60 per share. Also check out its key support and resistance levels.

NAHARSPING Buy/Sell Targets

Tomorrow, sell NAHARSPING when its price reaches ₹ 276.60 with a stop-loss order at ₹ 282.03. You can set the target price as ₹ 271.18 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 NAHARSPING 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 NAHARSPING

Downside Targets Value in ₹
Tomorrow Down Target 1 283
Tomorrow Down Target 2 289
Tomorrow Down Target 3 294

Important Levels for NAHARSPING

Holding Levels Value in ₹
Tomorrow Up Target 1 271
Tomorrow Up Target 2 266
Tomorrow Up Target 3 260
Based on where the stock opens tomorrow, if NAHARSPING opens on a positive note, our first target will be ₹283. If Target 1 is achieved, we will aim for Target 2 which is ₹289.

But if NAHARSPING falls below the average value of ₹277.45, you can enter a sell side position with target number 1 - ₹271 and second target - ₹266 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 NAHARSPING

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

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

Tomorrow's Volume based share price Forecast for NAHARSPING

NAHARSPING'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 -42%.

Reversal detection for NAHARSPING

Predicted trend chart of NAHARSPING tomorrow for price forecast
NAHARSPING may trend may continue to be bearish since stock is making lower low and we can get target of ₹282 in morning tomorrow
Target 1 tomorrow282
Target 2 tomorrow284
Target 3 tomorrow289
 

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 NAHARSPING'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 NAHARSPING opens on a positive note, our first target will be ₹282.65. If Target 1 is achieved, we will aim for Target 2 which is ₹288.70.

But if NAHARSPING falls below the average value of ₹277.45, you can enter a sell side position with target number 1 - ₹271.40 and second target - ₹266.20

NAHARSPING's Weekly Targets
1st Up Target 289.68
2nd Up Target 302.77
1st Down Target 263.63
2nd Down Target 250.67

As the week for NAHARSPING ended on bullish sentiments, we can expect further continuation of this sentiment. NAHARSPING's initial target will be 289.68 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 263.63 in the upcoming week.

Weekly OHLC Values
Open 271.90
High 289.80
Low 263.75
Close 276.60

Week for NAHARSPING started with an open price of 271.90, and the close was at 276.60. NAHARSPING reached the highest of 289.80 and dipped lowest up to 263.75 last week. This indicates a bullish sentiment for the week.

NAHARSPING full month swing targets
Monthly Up Target 1 315.73
Monthly Up Target 2 328.82
Monthly Down Target 1 237.58
Monthly Down Target 2 198.57

Targets of ₹315.73 can be expected to be reached in the coming month. Once NAHARSPING achieved this target, we can aim for the next upside target of ₹328.82.

NAHARSPING if fails to hold upside, down targets of ₹237.58 and ₹198.57 can be achieved by end of this month.

For complete three weeks if NAHARSPING 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

NAHARSPING is expected to reach the target of 282.65 in tomorrow's trading session.

After achieving the initial target in NAHARSPING, we will aim for higher targets of 288.70 tomorrow.

However, if NAHARSPING starts to trade below ₹277.45, then we will shift our focus to the sell side and aim for down targets of 271.40 and 266.20.