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

OnMobile Global Limited

Symbol: NSE:ONMOBILE

ISIN: INE809I01019

81.35

As on 2024-04-24

59.55 (52W Low) 128.40 (52W High)

ONMOBILE's Today's Performance

OnMobile Global Limited started the day by opening at 82.00 today 2024-04-24. Its shares reached a high of 82.90 and dipped to a low of 80.85 in intraday. When the markets closed, ONMOBILE’s stock price settled at ₹81.35 per share. Also check out its key support and resistance levels.

ONMOBILE Buy/Sell Targets

Tomorrow, buy ONMOBILE when its price reaches ₹ 81.35 with a stop-loss order at ₹ 80.26. You can set the target price as ₹ 82.44 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 ONMOBILE 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 ONMOBILE

Downside Targets Value in ₹
Tomorrow Down Target 1 83
Tomorrow Down Target 2 84
Tomorrow Down Target 3 85

Important Levels for ONMOBILE

Holding Levels Value in ₹
Tomorrow Up Target 1 81
Tomorrow Up Target 2 80
Tomorrow Up Target 3 78
Based on where the stock opens tomorrow, if ONMOBILE opens on a positive note, our first target will be ₹83. If Target 1 is achieved, we will aim for Target 2 which is ₹84.

But if ONMOBILE falls below the average value of ₹81.70, you can enter a sell side position with target number 1 - ₹81 and second target - ₹80 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 ONMOBILE

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

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

Tomorrow's Volume based share price Forecast for ONMOBILE

ONMOBILE'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 356%.

Reversal detection for ONMOBILE

Predicted trend chart of ONMOBILE tomorrow for price forecast
ONMOBILE may trend may continue to be bullish since stock is making higher highs and we can get target of ₹82 in morning tomorrow
Target 1 tomorrow82
Target 2 tomorrow83
Target 3 tomorrow84
 

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 ONMOBILE'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 ONMOBILE opens on a positive note, our first target will be ₹82.55. If Target 1 is achieved, we will aim for Target 2 which is ₹83.75.

But if ONMOBILE falls below the average value of ₹81.70, you can enter a sell side position with target number 1 - ₹80.50 and second target - ₹79.65

ONMOBILE's Weekly Targets
1st Up Target 82.97
2nd Up Target 84.58
1st Down Target 79.67
2nd Down Target 77.98

As the week for ONMOBILE ended on bullish sentiments, we can expect further continuation of this sentiment. ONMOBILE's initial target will be 82.97 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 79.67 in the upcoming week.

Weekly OHLC Values
Open 81.00
High 82.90
Low 79.60
Close 81.35

Week for ONMOBILE started with an open price of 81.00, and the close was at 81.35. ONMOBILE reached the highest of 82.90 and dipped lowest up to 79.60 last week. This indicates a bullish sentiment for the week.

ONMOBILE full month swing targets
Monthly Up Target 1 86.27
Monthly Up Target 2 87.88
Monthly Down Target 1 76.37
Monthly Down Target 2 71.38

Targets of ₹86.27 can be expected to be reached in the coming month. Once ONMOBILE achieved this target, we can aim for the next upside target of ₹87.88.

ONMOBILE if fails to hold upside, down targets of ₹76.37 and ₹71.38 can be achieved by end of this month.

For complete three weeks if ONMOBILE 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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TATACOMM Tata Communications Limited Telecom Services

Summary

ONMOBILE is expected to reach the target of 82.55 in tomorrow's trading session.

After achieving the initial target in ONMOBILE, we will aim for higher targets of 83.75 tomorrow.

However, if ONMOBILE starts to trade below ₹81.70, then we will shift our focus to the sell side and aim for down targets of 80.50 and 79.65.