Price and trend forecast of NFL for Tomorrow, Weekly, Monthly
National Fertilizers Limited
Symbol: NSE:NFL
ISIN: INE870D01012
146.52
As on 2024-07-26
NFL's Today's Performance
National Fertilizers Limited started the day by opening at 145.12 today 2024-07-26. Its shares reached a high of 150.74 and dipped to a low of 145.00 in intraday. When the markets closed, NFL’s stock price settled at ₹146.52 per share. Also check out its key support and resistance levels.
NFL Buy/Sell Targets
Tomorrow, buy NFL when its price reaches ₹ 146.52 with a stop-loss order at ₹ 143.82. You can set the target price as ₹ 149.22 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 NFL 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 NFL
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 150 |
| Tomorrow Down Target 2 | 153 |
| Tomorrow Down Target 3 | 156 |
Important Levels for NFL
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 144 |
| Tomorrow Up Target 2 | 142 |
| Tomorrow Up Target 3 | 138 |
Based on where the stock opens tomorrow, if NFL opens on a positive note, our first target will be ₹150. If Target 1 is achieved, we will aim for Target 2 which is ₹153.
But if NFL falls below the average value of ₹147.42, you can enter a sell side position with target number 1 - ₹144 and second target - ₹142 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 NFL
Looking at NFL, 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, NFL has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for NFL is moderate bearish.
Tomorrow's Volume based share price Forecast for NFL
NFL'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 111%.
Reversal detection for NFL
NFL may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹145 in morning tomorrow
| Target 1 tomorrow | 150 |
| Target 2 tomorrow | 151 |
| Target 3 tomorrow | 153 |
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 NFL'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 NFL opens on a positive note, our first target will be ₹149.84. If Target 1 is achieved, we will aim for Target 2 which is ₹153.16.
But if NFL falls below the average value of ₹147.42, you can enter a sell side position with target number 1 - ₹144.10 and second target - ₹141.68
NFL's Weekly Targets
| 1st Up Target | 165.44 |
| 2nd Up Target | 184.37 |
| 1st Down Target | 132.10 |
| 2nd Down Target | 117.69 |
As the week for NFL ended on bullish sentiments, we can expect further continuation of this sentiment. NFL's initial target will be 165.44 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 132.10 in the upcoming week.
Weekly OHLC Values
| Open | 144.00 |
| High | 169.95 |
| Low | 136.61 |
| Close | 146.52 |
Week for NFL started with an open price of 144.00, and the close was at 146.52. NFL reached the highest of 169.95 and dipped lowest up to 136.61 last week. This indicates a bullish sentiment for the week.
NFL full month swing targets
| Monthly Up Target 1 | 198.78 |
| Monthly Up Target 2 | 217.71 |
| Monthly Down Target 1 | 98.76 |
| Monthly Down Target 2 | 51.01 |
Targets of ₹198.78 can be expected to be reached in the coming month. Once NFL achieved this target, we can aim for the next upside target of ₹217.71.
NFL if fails to hold upside, down targets of ₹98.76 and ₹51.01 can be achieved by end of this month.
For complete three weeks if NFL 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 NFL
| Symbol | Name | Industry |
|---|---|---|
| ULTRACEMCO | UltraTech Cement Limited | Building Materials |
| ASIANPAINT | Asian Paints Limited | Specialty Chemicals |
| JSWSTEEL | JSW Steel Limited | Steel |
| TATASTEEL | Tata Steel Limited | Steel |
| GRASIM | Grasim Industries Limited | Building Materials |
Summary
NFL is expected to reach the target of 149.84 in tomorrow's trading session.
After achieving the initial target in NFL, we will aim for higher targets of 153.16 tomorrow.
However, if NFL starts to trade below ₹147.42, then we will shift our focus to the sell side and aim for down targets of 144.10 and 141.68.