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

Netweb Technologies India Limited

Symbol: NSE:NETWEB

ISIN: N/A

1,616.20

As on 2024-04-12

738.60 (52W Low) 1,892.60 (52W High)

NETWEB's Today's Performance

Netweb Technologies India Limited started the day by opening at 1,626.65 today 2024-04-12. Its shares reached a high of 1,647.00 and dipped to a low of 1,610.00 in intraday. When the markets closed, NETWEB’s stock price settled at ₹1,616.20 per share. Also check out its key support and resistance levels.

NETWEB Buy/Sell Targets

Tomorrow, sell NETWEB when its price reaches ₹ 1,616.20 with a stop-loss order at ₹ 1,646.18. You can set the target price as ₹ 1,586.23 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 NETWEB 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 NETWEB

Resistance Levels Value in ₹
Tomorrow Resistance 1 1,639
Tomorrow Resistance 2 1,661
Tomorrow Resistance 3 1,676

Important Supports for NETWEB

Support Levels Value in ₹
Tomorrow Support 1 1,602
Tomorrow Support 2 1,587
Tomorrow Support 3 1,565
Based on where the stock opens tomorrow, if NETWEB opens on a positive note, our first target will be ₹1,639. If Target 1 is achieved, we will aim for Target 2 which is ₹1,661.

But if NETWEB falls below the average value of ₹1,624.40, you can enter a sell side position with target number 1 - ₹1,602 and second target - ₹1,587 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 NETWEB

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

Based on this, the predicted sentiment for NETWEB is strong bearish.

Tomorrow's Volume based share price Forecast for NETWEB

NETWEB's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 1198%.

Reversal detection for NETWEB

Predicted trend chart of NETWEB tomorrow for price forecast
NETWEB may trend may continue to be bearish since stock is making lower low and we can get target of ₹1613 in morning tomorrow
Target 1 tomorrow1639
Target 2 tomorrow1647
Target 3 tomorrow1661
 

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 NETWEB'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 NETWEB opens on a positive note, our first target will be ₹1,638.80. If Target 1 is achieved, we will aim for Target 2 which is ₹1,661.40.

But if NETWEB falls below the average value of ₹1,624.40, you can enter a sell side position with target number 1 - ₹1,601.80 and second target - ₹1,587.40

NETWEB's Weekly Targets
1st Up Target 1,678.05
2nd Up Target 1,739.90
1st Down Target 1,559.25
2nd Down Target 1,502.30

As the week for NETWEB ended on bearish sentiments, we can expect further continuation of this sentiment. NETWEB's initial target will be 1,678.05 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 1,559.25 in the upcoming week.

Weekly OHLC Values
Open 1,664.60
High 1,682.95
Low 1,564.15
Close 1,616.20

Week for NETWEB started with an open price of 1,664.60, and the close was at 1,616.20. NETWEB reached the highest of 1,682.95 and dipped lowest up to 1,564.15 last week. This indicates a bearish sentiment for the week.

NETWEB full month swing targets
Monthly Up Target 1 1,796.85
Monthly Up Target 2 1,858.70
Monthly Down Target 1 1,440.45
Monthly Down Target 2 1,264.70

Targets of ₹1,796.85 can be expected to be reached in the coming month. Once NETWEB achieved this target, we can aim for the next upside target of ₹1,858.70.

NETWEB if fails to hold upside, down targets of ₹1,440.45 and ₹1,264.70 can be achieved by end of this month.

For complete three weeks if NETWEB 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 NETWEB

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TCS Tata Consultancy Services Limited Information Technology Services
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CYIENTDLM Cyient DLM Limited Electronic Components
HCLTECH HCL Technologies Limited Information Technology Services
IDEAFORGE ideaForge Technology Limited Computer Hardware

Summary

NETWEB is expected to reach the target of 1,638.80 in tomorrow's trading session.

After achieving the initial target in NETWEB, we will aim for higher targets of 1,661.40 tomorrow.

However, if NETWEB starts to trade below ₹1,624.40, then we will shift our focus to the sell side and aim for down targets of 1,601.80 and 1,587.40.