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

OM INFRA LIMITED

Symbol: NSE:OMINFRAL

ISIN: INE239D01028

138.30

As on 2024-04-12

37.65 (52W Low) 158.55 (52W High)

OMINFRAL's Today's Performance

OM INFRA LIMITED started the day by opening at 132.00 today 2024-04-12. Its shares reached a high of 139.70 and dipped to a low of 130.80 in intraday. When the markets closed, OMINFRAL’s stock price settled at ₹138.30 per share. Also check out its key support and resistance levels.

OMINFRAL Buy/Sell Targets

Tomorrow, buy OMINFRAL when its price reaches ₹ 138.30 with a stop-loss order at ₹ 134.73. You can set the target price as ₹ 141.88 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 OMINFRAL 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 OMINFRAL

Resistance Levels Value in ₹
Tomorrow Resistance 1 142
Tomorrow Resistance 2 145
Tomorrow Resistance 3 151

Important Supports for OMINFRAL

Support Levels Value in ₹
Tomorrow Support 1 133
Tomorrow Support 2 127
Tomorrow Support 3 124
Based on where the stock opens tomorrow, if OMINFRAL opens on a positive note, our first target will be ₹142. If Target 1 is achieved, we will aim for Target 2 which is ₹145.

But if OMINFRAL falls below the average value of ₹136.27, you can enter a sell side position with target number 1 - ₹133 and second target - ₹127 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 OMINFRAL

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

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

Tomorrow's Volume based share price Forecast for OMINFRAL

OMINFRAL'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 -21%.

Reversal detection for OMINFRAL

Predicted trend chart of OMINFRAL tomorrow for price forecast
OMINFRAL may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹133 in morning tomorrow
Target 1 tomorrow140
Target 2 tomorrow142
Target 3 tomorrow145
 

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 OMINFRAL'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 OMINFRAL opens on a positive note, our first target will be ₹141.73. If Target 1 is achieved, we will aim for Target 2 which is ₹145.17.

But if OMINFRAL falls below the average value of ₹136.27, you can enter a sell side position with target number 1 - ₹132.83 and second target - ₹127.37

OMINFRAL's Weekly Targets
1st Up Target 146.43
2nd Up Target 154.57
1st Down Target 130.43
2nd Down Target 122.57

As the week for OMINFRAL ended on bearish sentiments, we can expect further continuation of this sentiment. OMINFRAL's initial target will be 146.43 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 130.43 in the upcoming week.

Weekly OHLC Values
Open 142.70
High 146.70
Low 130.70
Close 138.30

Week for OMINFRAL started with an open price of 142.70, and the close was at 138.30. OMINFRAL reached the highest of 146.70 and dipped lowest up to 130.70 last week. This indicates a bearish sentiment for the week.

OMINFRAL full month swing targets
Monthly Up Target 1 162.43
Monthly Up Target 2 170.57
Monthly Down Target 1 114.43
Monthly Down Target 2 90.57

Targets of ₹162.43 can be expected to be reached in the coming month. Once OMINFRAL achieved this target, we can aim for the next upside target of ₹170.57.

OMINFRAL if fails to hold upside, down targets of ₹114.43 and ₹90.57 can be achieved by end of this month.

For complete three weeks if OMINFRAL 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

OMINFRAL is expected to reach the target of 141.73 in tomorrow's trading session.

After achieving the initial target in OMINFRAL, we will aim for higher targets of 145.17 tomorrow.

However, if OMINFRAL starts to trade below ₹136.27, then we will shift our focus to the sell side and aim for down targets of 132.83 and 127.37.