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

National Fertilizers Limited

Symbol: NSE:NFL

ISIN: INE870D01012

148.22

As on 2024-07-24

65.05 (52W Low) 169.95 (52W High)

NFL's Today's Performance

National Fertilizers Limited started the day by opening at 149.60 today 2024-07-24. Its shares reached a high of 153.31 and dipped to a low of 146.88 in intraday. When the markets closed, NFL’s stock price settled at ₹148.22 per share. Also check out its key support and resistance levels.

NFL Buy/Sell Targets

Tomorrow, sell NFL when its price reaches ₹ 148.22 with a stop-loss order at ₹ 158.65. You can set the target price as ₹ 137.80 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 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 1 152
Tomorrow Down Target 2 156
Tomorrow Down Target 3 158

Important Levels for NFL

Holding Levels Value in ₹
Tomorrow Up Target 1 146
Tomorrow Up Target 2 143
Tomorrow Up Target 3 139
Based on where the stock opens tomorrow, if NFL opens on a positive note, our first target will be ₹152. If Target 1 is achieved, we will aim for Target 2 which is ₹156.

But if NFL falls below the average value of ₹149.47, you can enter a sell side position with target number 1 - ₹146 and second target - ₹143 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

Predicted trend chart of NFL tomorrow for price forecast
NFL may trend may continue to be bearish since stock is making lower low and we can get target of ₹152 in morning tomorrow
Target 1 tomorrow152
Target 2 tomorrow153
Target 3 tomorrow156
 

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 ₹152.06. If Target 1 is achieved, we will aim for Target 2 which is ₹155.90.

But if NFL falls below the average value of ₹149.47, you can enter a sell side position with target number 1 - ₹145.63 and second target - ₹143.04

NFL's Weekly Targets
1st Up Target 166.58
2nd Up Target 184.93
1st Down Target 133.24
2nd Down Target 118.25

As the week for NFL ended on bullish sentiments, we can expect further continuation of this sentiment. NFL's initial target will be 166.58 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 133.24 in the upcoming week.

Weekly OHLC Values
Open 144.00
High 169.95
Low 136.61
Close 148.22

Week for NFL started with an open price of 144.00, and the close was at 148.22. 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 1 199.92
Monthly Up Target 2 218.27
Monthly Down Target 1 99.90
Monthly Down Target 2 51.57

Targets of ₹199.92 can be expected to be reached in the coming month. Once NFL achieved this target, we can aim for the next upside target of ₹218.27.

NFL if fails to hold upside, down targets of ₹99.90 and ₹51.57 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.

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Summary

NFL is expected to reach the target of 152.06 in tomorrow's trading session.

After achieving the initial target in NFL, we will aim for higher targets of 155.90 tomorrow.

However, if NFL starts to trade below ₹149.47, then we will shift our focus to the sell side and aim for down targets of 145.63 and 143.04.