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

Nucleus Software Exports Limited

Symbol: NSE:NUCLEUS

ISIN: INE096B01018

1,322.40

As on 2024-04-12

574.65 (52W Low) 1,787.50 (52W High)

NUCLEUS's Today's Performance

Nucleus Software Exports Limited started the day by opening at 1,365.90 today 2024-04-12. Its shares reached a high of 1,375.00 and dipped to a low of 1,316.00 in intraday. When the markets closed, NUCLEUS’s stock price settled at ₹1,322.40 per share. Also check out its key support and resistance levels.

NUCLEUS Buy/Sell Targets

Tomorrow, sell NUCLEUS when its price reaches ₹ 1,322.40 with a stop-loss order at ₹ 1,348.07. You can set the target price as ₹ 1,296.73 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 NUCLEUS 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 NUCLEUS

Resistance Levels Value in ₹
Tomorrow Resistance 1 1,360
Tomorrow Resistance 2 1,397
Tomorrow Resistance 3 1,419

Important Supports for NUCLEUS

Support Levels Value in ₹
Tomorrow Support 1 1,301
Tomorrow Support 2 1,279
Tomorrow Support 3 1,242
Based on where the stock opens tomorrow, if NUCLEUS opens on a positive note, our first target will be ₹1,360. If Target 1 is achieved, we will aim for Target 2 which is ₹1,397.

But if NUCLEUS falls below the average value of ₹1,337.80, you can enter a sell side position with target number 1 - ₹1,301 and second target - ₹1,279 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 NUCLEUS

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

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

Tomorrow's Volume based share price Forecast for NUCLEUS

NUCLEUS'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 -76%.

Reversal detection for NUCLEUS

Predicted trend chart of NUCLEUS tomorrow for price forecast
NUCLEUS may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹1367 in morning tomorrow
Target 1 tomorrow1360
Target 2 tomorrow1374
Target 3 tomorrow1397
 

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 NUCLEUS'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 NUCLEUS opens on a positive note, our first target will be ₹1,359.60. If Target 1 is achieved, we will aim for Target 2 which is ₹1,396.80.

But if NUCLEUS falls below the average value of ₹1,337.80, you can enter a sell side position with target number 1 - ₹1,300.60 and second target - ₹1,278.80

NUCLEUS's Weekly Targets
1st Up Target 1,382.93
2nd Up Target 1,443.47
1st Down Target 1,288.93
2nd Down Target 1,255.47

As the week for NUCLEUS ended on bearish sentiments, we can expect further continuation of this sentiment. NUCLEUS's initial target will be 1,382.93 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 1,288.93 in the upcoming week.

Weekly OHLC Values
Open 1,397.00
High 1,410.00
Low 1,316.00
Close 1,322.40

Week for NUCLEUS started with an open price of 1,397.00, and the close was at 1,322.40. NUCLEUS reached the highest of 1,410.00 and dipped lowest up to 1,316.00 last week. This indicates a bearish sentiment for the week.

NUCLEUS full month swing targets
Monthly Up Target 1 1,476.93
Monthly Up Target 2 1,537.47
Monthly Down Target 1 1,194.93
Monthly Down Target 2 1,067.47

Targets of ₹1,476.93 can be expected to be reached in the coming month. Once NUCLEUS achieved this target, we can aim for the next upside target of ₹1,537.47.

NUCLEUS if fails to hold upside, down targets of ₹1,194.93 and ₹1,067.47 can be achieved by end of this month.

For complete three weeks if NUCLEUS 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 NUCLEUS

Symbol Name Industry
TCS Tata Consultancy Services Limited Information Technology Services
INFY Infosys Limited Information Technology Services
CYIENTDLM Cyient DLM Limited Electronic Components
HCLTECH HCL Technologies Limited Information Technology Services
IDEAFORGE ideaForge Technology Limited Computer Hardware

Summary

NUCLEUS is expected to reach the target of 1,359.60 in tomorrow's trading session.

After achieving the initial target in NUCLEUS, we will aim for higher targets of 1,396.80 tomorrow.

However, if NUCLEUS starts to trade below ₹1,337.80, then we will shift our focus to the sell side and aim for down targets of 1,300.60 and 1,278.80.