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

Navkar Corporation Limited

Symbol: NSE:NAVKARCORP

ISIN: INE278M01019

106.40

As on 2024-04-24

53.50 (52W Low) 125.55 (52W High)

NAVKARCORP's Today's Performance

Navkar Corporation Limited started the day by opening at 108.95 today 2024-04-24. Its shares reached a high of 112.00 and dipped to a low of 105.75 in intraday. When the markets closed, NAVKARCORP’s stock price settled at ₹106.40 per share. Also check out its key support and resistance levels.

NAVKARCORP Buy/Sell Targets

Tomorrow, sell NAVKARCORP when its price reaches ₹ 106.40 with a stop-loss order at ₹ 108.88. You can set the target price as ₹ 103.93 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 NAVKARCORP 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 NAVKARCORP

Downside Targets Value in ₹
Tomorrow Down Target 1 110
Tomorrow Down Target 2 114
Tomorrow Down Target 3 117

Important Levels for NAVKARCORP

Holding Levels Value in ₹
Tomorrow Up Target 1 104
Tomorrow Up Target 2 102
Tomorrow Up Target 3 98
Based on where the stock opens tomorrow, if NAVKARCORP opens on a positive note, our first target will be ₹110. If Target 1 is achieved, we will aim for Target 2 which is ₹114.

But if NAVKARCORP falls below the average value of ₹108.05, you can enter a sell side position with target number 1 - ₹104 and second target - ₹102 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 NAVKARCORP

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

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

Tomorrow's Volume based share price Forecast for NAVKARCORP

NAVKARCORP'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 20%.

Reversal detection for NAVKARCORP

Predicted trend chart of NAVKARCORP tomorrow for price forecast
NAVKARCORP may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹108 in morning tomorrow
Target 1 tomorrow110
Target 2 tomorrow112
Target 3 tomorrow114
 

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 NAVKARCORP'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 NAVKARCORP opens on a positive note, our first target will be ₹110.35. If Target 1 is achieved, we will aim for Target 2 which is ₹114.30.

But if NAVKARCORP falls below the average value of ₹108.05, you can enter a sell side position with target number 1 - ₹104.10 and second target - ₹101.80

NAVKARCORP's Weekly Targets
1st Up Target 110.35
2nd Up Target 114.30
1st Down Target 104.10
2nd Down Target 101.80

As the week for NAVKARCORP ended on bearish sentiments, we can expect further continuation of this sentiment. NAVKARCORP's initial target will be 110.35 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 104.10 in the upcoming week.

Weekly OHLC Values
Open 108.70
High 112.00
Low 105.75
Close 106.40

Week for NAVKARCORP started with an open price of 108.70, and the close was at 106.40. NAVKARCORP reached the highest of 112.00 and dipped lowest up to 105.75 last week. This indicates a bearish sentiment for the week.

NAVKARCORP full month swing targets
Monthly Up Target 1 116.60
Monthly Up Target 2 120.55
Monthly Down Target 1 97.85
Monthly Down Target 2 89.30

Targets of ₹116.60 can be expected to be reached in the coming month. Once NAVKARCORP achieved this target, we can aim for the next upside target of ₹120.55.

NAVKARCORP if fails to hold upside, down targets of ₹97.85 and ₹89.30 can be achieved by end of this month.

For complete three weeks if NAVKARCORP 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

NAVKARCORP is expected to reach the target of 110.35 in tomorrow's trading session.

After achieving the initial target in NAVKARCORP, we will aim for higher targets of 114.30 tomorrow.

However, if NAVKARCORP starts to trade below ₹108.05, then we will shift our focus to the sell side and aim for down targets of 104.10 and 101.80.