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

NCL Industries Limited

Symbol: NSE:NCLIND

ISIN: INE732C01016

205.75

As on 2024-04-19

173.45 (52W Low) 258.20 (52W High)

NCLIND's Today's Performance

NCL Industries Limited started the day by opening at 205.05 today 2024-04-19. Its shares reached a high of 207.00 and dipped to a low of 200.95 in intraday. When the markets closed, NCLIND’s stock price settled at ₹205.75 per share. Also check out its key support and resistance levels.

NCLIND Buy/Sell Targets

Tomorrow, buy NCLIND when its price reaches ₹ 205.75 with a stop-loss order at ₹ 202.49. You can set the target price as ₹ 209.01 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 NCLIND 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 NCLIND

Downside Targets Value in ₹
Tomorrow Down Target 1 208
Tomorrow Down Target 2 211
Tomorrow Down Target 3 214

Important Levels for NCLIND

Holding Levels Value in ₹
Tomorrow Up Target 1 202
Tomorrow Up Target 2 199
Tomorrow Up Target 3 196
Based on where the stock opens tomorrow, if NCLIND opens on a positive note, our first target will be ₹208. If Target 1 is achieved, we will aim for Target 2 which is ₹211.

But if NCLIND falls below the average value of ₹204.57, you can enter a sell side position with target number 1 - ₹202 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 NCLIND

Looking at NCLIND, we've seen a Increasing 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, NCLIND has been on a Downward path, giving us insights how its value changes in the market.

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

Tomorrow's Volume based share price Forecast for NCLIND

NCLIND's Volume is currently in a Increasing 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 -54%.

Reversal detection for NCLIND

Predicted trend chart of NCLIND tomorrow for price forecast
NCLIND may trend may continue to be bullish since stock is making higher highs and we can get target of ₹208 in morning tomorrow
Target 1 tomorrow207
Target 2 tomorrow208
Target 3 tomorrow211
 

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 NCLIND'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 NCLIND opens on a positive note, our first target will be ₹208.18. If Target 1 is achieved, we will aim for Target 2 which is ₹210.62.

But if NCLIND falls below the average value of ₹204.57, you can enter a sell side position with target number 1 - ₹202.13 and second target - ₹198.52

NCLIND's Weekly Targets
1st Up Target 212.85
2nd Up Target 219.95
1st Down Target 199.80
2nd Down Target 193.85

As the week for NCLIND ended on bearish sentiments, we can expect further continuation of this sentiment. NCLIND's initial target will be 212.85 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 199.80 in the upcoming week.

Weekly OHLC Values
Open 214.00
High 214.00
Low 200.95
Close 205.75

Week for NCLIND started with an open price of 214.00, and the close was at 205.75. NCLIND reached the highest of 214.00 and dipped lowest up to 200.95 last week. This indicates a bearish sentiment for the week.

NCLIND full month swing targets
Monthly Up Target 1 225.90
Monthly Up Target 2 233.00
Monthly Down Target 1 186.75
Monthly Down Target 2 167.75

Targets of ₹225.90 can be expected to be reached in the coming month. Once NCLIND achieved this target, we can aim for the next upside target of ₹233.00.

NCLIND if fails to hold upside, down targets of ₹186.75 and ₹167.75 can be achieved by end of this month.

For complete three weeks if NCLIND 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 NCLIND

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JSWSTEEL JSW Steel Limited Steel
TATASTEEL Tata Steel Limited Steel
GRASIM Grasim Industries Limited Building Materials

Summary

NCLIND is expected to reach the target of 208.18 in tomorrow's trading session.

After achieving the initial target in NCLIND, we will aim for higher targets of 210.62 tomorrow.

However, if NCLIND starts to trade below ₹204.57, then we will shift our focus to the sell side and aim for down targets of 202.13 and 198.52.