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

Nuvoco Vistas Corporation Limited

Symbol: NSE:NUVOCO

ISIN: INE118D01016

313.95

As on 2024-04-12

291.30 (52W Low) 398.00 (52W High)

NUVOCO's Today's Performance

Nuvoco Vistas Corporation Limited started the day by opening at 319.05 today 2024-04-12. Its shares reached a high of 321.25 and dipped to a low of 313.00 in intraday. When the markets closed, NUVOCO’s stock price settled at ₹313.95 per share. Also check out its key support and resistance levels.

NUVOCO Buy/Sell Targets

Tomorrow, sell NUVOCO when its price reaches ₹ 313.95 with a stop-loss order at ₹ 318.94. You can set the target price as ₹ 308.96 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 NUVOCO 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 NUVOCO

Resistance Levels Value in ₹
Tomorrow Resistance 1 319
Tomorrow Resistance 2 324
Tomorrow Resistance 3 327

Important Supports for NUVOCO

Support Levels Value in ₹
Tomorrow Support 1 311
Tomorrow Support 2 308
Tomorrow Support 3 303
Based on where the stock opens tomorrow, if NUVOCO opens on a positive note, our first target will be ₹319. If Target 1 is achieved, we will aim for Target 2 which is ₹324.

But if NUVOCO falls below the average value of ₹316.07, you can enter a sell side position with target number 1 - ₹311 and second target - ₹308 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 NUVOCO

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

Based on this, the predicted sentiment for NUVOCO is moderate bearish.

Tomorrow's Volume based share price Forecast for NUVOCO

NUVOCO's Volume is currently in a Increasing 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 -40%.

Reversal detection for NUVOCO

Predicted trend chart of NUVOCO tomorrow for price forecast
NUVOCO may trend may continue to be bearish since stock is making lower low and we can get target of ₹316 in morning tomorrow
Target 1 tomorrow319
Target 2 tomorrow321
Target 3 tomorrow324
 

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 NUVOCO'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 NUVOCO opens on a positive note, our first target will be ₹319.13. If Target 1 is achieved, we will aim for Target 2 which is ₹324.32.

But if NUVOCO falls below the average value of ₹316.07, you can enter a sell side position with target number 1 - ₹310.88 and second target - ₹307.82

NUVOCO's Weekly Targets
1st Up Target 320.63
2nd Up Target 327.32
1st Down Target 307.88
2nd Down Target 301.82

As the week for NUVOCO ended on bearish sentiments, we can expect further continuation of this sentiment. NUVOCO's initial target will be 320.63 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 307.88 in the upcoming week.

Weekly OHLC Values
Open 318.50
High 321.25
Low 308.50
Close 313.95

Week for NUVOCO started with an open price of 318.50, and the close was at 313.95. NUVOCO reached the highest of 321.25 and dipped lowest up to 308.50 last week. This indicates a bearish sentiment for the week.

NUVOCO full month swing targets
Monthly Up Target 1 333.38
Monthly Up Target 2 340.07
Monthly Down Target 1 295.13
Monthly Down Target 2 276.32

Targets of ₹333.38 can be expected to be reached in the coming month. Once NUVOCO achieved this target, we can aim for the next upside target of ₹340.07.

NUVOCO if fails to hold upside, down targets of ₹295.13 and ₹276.32 can be achieved by end of this month.

For complete three weeks if NUVOCO 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

NUVOCO is expected to reach the target of 319.13 in tomorrow's trading session.

After achieving the initial target in NUVOCO, we will aim for higher targets of 324.32 tomorrow.

However, if NUVOCO starts to trade below ₹316.07, then we will shift our focus to the sell side and aim for down targets of 310.88 and 307.82.