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

N R Agarwal Industries Limited

Symbol: NSE:NRAIL

ISIN: INE740D01017

484.45

As on 2024-04-12

223.05 (52W Low) 538.00 (52W High)

NRAIL's Today's Performance

N R Agarwal Industries Limited started the day by opening at 506.50 today 2024-04-12. Its shares reached a high of 506.50 and dipped to a low of 480.00 in intraday. When the markets closed, NRAIL’s stock price settled at ₹484.45 per share. Also check out its key support and resistance levels.

NRAIL Buy/Sell Targets

Tomorrow, sell NRAIL when its price reaches ₹ 484.45 with a stop-loss order at ₹ 493.71. You can set the target price as ₹ 475.19 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 NRAIL 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 NRAIL

Resistance Levels Value in ₹
Tomorrow Resistance 1 501
Tomorrow Resistance 2 517
Tomorrow Resistance 3 527

Important Supports for NRAIL

Support Levels Value in ₹
Tomorrow Support 1 474
Tomorrow Support 2 464
Tomorrow Support 3 448
Based on where the stock opens tomorrow, if NRAIL opens on a positive note, our first target will be ₹501. If Target 1 is achieved, we will aim for Target 2 which is ₹517.

But if NRAIL falls below the average value of ₹490.32, you can enter a sell side position with target number 1 - ₹474 and second target - ₹464 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 NRAIL

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

Based on this, the predicted sentiment for NRAIL is moderate bullish.

Tomorrow's Volume based share price Forecast for NRAIL

NRAIL's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -15%.

Reversal detection for NRAIL

Predicted trend chart of NRAIL tomorrow for price forecast
NRAIL may trend may continue to be bearish since stock is making lower low and we can get target of ₹493 in morning tomorrow
Target 1 tomorrow500
Target 2 tomorrow507
Target 3 tomorrow517
 

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 NRAIL'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 NRAIL opens on a positive note, our first target will be ₹500.63. If Target 1 is achieved, we will aim for Target 2 which is ₹516.82.

But if NRAIL falls below the average value of ₹490.32, you can enter a sell side position with target number 1 - ₹474.13 and second target - ₹463.82

NRAIL's Weekly Targets
1st Up Target 502.12
2nd Up Target 519.78
1st Down Target 471.17
2nd Down Target 457.88

As the week for NRAIL ended on bearish sentiments, we can expect further continuation of this sentiment. NRAIL's initial target will be 502.12 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 471.17 in the upcoming week.

Weekly OHLC Values
Open 490.00
High 506.50
Low 475.55
Close 484.45

Week for NRAIL started with an open price of 490.00, and the close was at 484.45. NRAIL reached the highest of 506.50 and dipped lowest up to 475.55 last week. This indicates a bearish sentiment for the week.

NRAIL full month swing targets
Monthly Up Target 1 533.07
Monthly Up Target 2 550.73
Monthly Down Target 1 440.22
Monthly Down Target 2 395.98

Targets of ₹533.07 can be expected to be reached in the coming month. Once NRAIL achieved this target, we can aim for the next upside target of ₹550.73.

NRAIL if fails to hold upside, down targets of ₹440.22 and ₹395.98 can be achieved by end of this month.

For complete three weeks if NRAIL 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

NRAIL is expected to reach the target of 500.63 in tomorrow's trading session.

After achieving the initial target in NRAIL, we will aim for higher targets of 516.82 tomorrow.

However, if NRAIL starts to trade below ₹490.32, then we will shift our focus to the sell side and aim for down targets of 474.13 and 463.82.