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

Ndr Auto Components Limited

Symbol: NSE:NDRAUTO

ISIN: INE07OG01012

859.15

As on 2024-04-12

407.00 (52W Low) 1,059.00 (52W High)

NDRAUTO's Today's Performance

Ndr Auto Components Limited started the day by opening at 859.00 today 2024-04-12. Its shares reached a high of 876.50 and dipped to a low of 852.10 in intraday. When the markets closed, NDRAUTO’s stock price settled at ₹859.15 per share. Also check out its key support and resistance levels.

NDRAUTO Buy/Sell Targets

Tomorrow, sell NDRAUTO when its price reaches ₹ 859.15 with a stop-loss order at ₹ 875.50. You can set the target price as ₹ 842.80 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 NDRAUTO for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for NDRAUTO

Resistance Levels Value in ₹
Tomorrow Resistance 1 873
Tomorrow Resistance 2 887
Tomorrow Resistance 3 897

Important Supports for NDRAUTO

Support Levels Value in ₹
Tomorrow Support 1 849
Tomorrow Support 2 838
Tomorrow Support 3 824
Based on where the stock opens tomorrow, if NDRAUTO opens on a positive note, our first target will be ₹873. If Target 1 is achieved, we will aim for Target 2 which is ₹887.

But if NDRAUTO falls below the average value of ₹862.58, you can enter a sell side position with target number 1 - ₹849 and second target - ₹838 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 NDRAUTO

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

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

Tomorrow's Volume based share price Forecast for NDRAUTO

NDRAUTO's Volume is currently in a Decreasing 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 -46%.

Reversal detection for NDRAUTO

Predicted trend chart of NDRAUTO tomorrow for price forecast
NDRAUTO may trend may continue to be bearish since stock is making lower low and we can get target of ₹866 in morning tomorrow
Target 1 tomorrow872
Target 2 tomorrow878
Target 3 tomorrow887
 

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 NDRAUTO'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 NDRAUTO opens on a positive note, our first target will be ₹873.07. If Target 1 is achieved, we will aim for Target 2 which is ₹886.98.

But if NDRAUTO falls below the average value of ₹862.58, you can enter a sell side position with target number 1 - ₹848.67 and second target - ₹838.18

NDRAUTO's Weekly Targets
1st Up Target 888.18
2nd Up Target 917.22
1st Down Target 818.43
2nd Down Target 777.72

As the week for NDRAUTO ended on bearish sentiments, we can expect further continuation of this sentiment. NDRAUTO's initial target will be 888.18 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 818.43 in the upcoming week.

Weekly OHLC Values
Open 872.00
High 876.50
Low 806.75
Close 859.15

Week for NDRAUTO started with an open price of 872.00, and the close was at 859.15. NDRAUTO reached the highest of 876.50 and dipped lowest up to 806.75 last week. This indicates a bearish sentiment for the week.

NDRAUTO full month swing targets
Monthly Up Target 1 957.93
Monthly Up Target 2 986.97
Monthly Down Target 1 748.68
Monthly Down Target 2 638.22

Targets of ₹957.93 can be expected to be reached in the coming month. Once NDRAUTO achieved this target, we can aim for the next upside target of ₹986.97.

NDRAUTO if fails to hold upside, down targets of ₹748.68 and ₹638.22 can be achieved by end of this month.

For complete three weeks if NDRAUTO 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 NDRAUTO

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

NDRAUTO is expected to reach the target of 873.07 in tomorrow's trading session.

After achieving the initial target in NDRAUTO, we will aim for higher targets of 886.98 tomorrow.

However, if NDRAUTO starts to trade below ₹862.58, then we will shift our focus to the sell side and aim for down targets of 848.67 and 838.18.