Stock Information Portal

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

Orchid Pharma Limited

Symbol: NSE:ORCHPHARMA

ISIN: INE191A01027

1,088.90

As on 2024-04-12

372.65 (52W Low) 1,359.95 (52W High)

ORCHPHARMA's Today's Performance

Orchid Pharma Limited started the day by opening at 1,140.00 today 2024-04-12. Its shares reached a high of 1,160.00 and dipped to a low of 1,072.05 in intraday. When the markets closed, ORCHPHARMA’s stock price settled at ₹1,088.90 per share. Also check out its key support and resistance levels.

ORCHPHARMA Buy/Sell Targets

Tomorrow, sell ORCHPHARMA when its price reaches ₹ 1,088.90 with a stop-loss order at ₹ 1,127.20. You can set the target price as ₹ 1,050.60 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 ORCHPHARMA 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 ORCHPHARMA

Resistance Levels Value in ₹
Tomorrow Resistance 1 1,142
Tomorrow Resistance 2 1,195
Tomorrow Resistance 3 1,230

Important Supports for ORCHPHARMA

Support Levels Value in ₹
Tomorrow Support 1 1,054
Tomorrow Support 2 1,019
Tomorrow Support 3 966
Based on where the stock opens tomorrow, if ORCHPHARMA opens on a positive note, our first target will be ₹1,142. If Target 1 is achieved, we will aim for Target 2 which is ₹1,195.

But if ORCHPHARMA falls below the average value of ₹1,106.98, you can enter a sell side position with target number 1 - ₹1,054 and second target - ₹1,019 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 ORCHPHARMA

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

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

Tomorrow's Volume based share price Forecast for ORCHPHARMA

ORCHPHARMA'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 -14%.

Reversal detection for ORCHPHARMA

Predicted trend chart of ORCHPHARMA tomorrow for price forecast
ORCHPHARMA may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹1167 in morning tomorrow
Target 1 tomorrow1141
Target 2 tomorrow1161
Target 3 tomorrow1195
 

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 ORCHPHARMA'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 ORCHPHARMA opens on a positive note, our first target will be ₹1,141.92. If Target 1 is achieved, we will aim for Target 2 which is ₹1,194.93.

But if ORCHPHARMA falls below the average value of ₹1,106.98, you can enter a sell side position with target number 1 - ₹1,053.97 and second target - ₹1,019.03

ORCHPHARMA's Weekly Targets
1st Up Target 1,181.92
2nd Up Target 1,274.93
1st Down Target 1,033.97
2nd Down Target 979.03

As the week for ORCHPHARMA ended on bearish sentiments, we can expect further continuation of this sentiment. ORCHPHARMA's initial target will be 1,181.92 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 1,033.97 in the upcoming week.

Weekly OHLC Values
Open 1,105.00
High 1,220.00
Low 1,072.05
Close 1,088.90

Week for ORCHPHARMA started with an open price of 1,105.00, and the close was at 1,088.90. ORCHPHARMA reached the highest of 1,220.00 and dipped lowest up to 1,072.05 last week. This indicates a bearish sentiment for the week.

ORCHPHARMA full month swing targets
Monthly Up Target 1 1,329.87
Monthly Up Target 2 1,422.88
Monthly Down Target 1 886.02
Monthly Down Target 2 683.13

Targets of ₹1,329.87 can be expected to be reached in the coming month. Once ORCHPHARMA achieved this target, we can aim for the next upside target of ₹1,422.88.

ORCHPHARMA if fails to hold upside, down targets of ₹886.02 and ₹683.13 can be achieved by end of this month.

For complete three weeks if ORCHPHARMA 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 ORCHPHARMA

Symbol Name Industry
SUNPHARMA Sun Pharmaceutical Industries Limited Drug Manufacturers - Specialty & Generic
CIPLA Cipla Limited Drug Manufacturers - General
DRREDDY Dr. Reddy's Laboratories Limited Drug Manufacturers - Specialty & Generic
ZYDUSLIFE Zydus Lifesciences Limited Drug Manufacturers - Specialty & Generic
APOLLOHOSP Apollo Hospitals Enterprise Limited Medical Care Facilities

Summary

ORCHPHARMA is expected to reach the target of 1,141.92 in tomorrow's trading session.

After achieving the initial target in ORCHPHARMA, we will aim for higher targets of 1,194.93 tomorrow.

However, if ORCHPHARMA starts to trade below ₹1,106.98, then we will shift our focus to the sell side and aim for down targets of 1,053.97 and 1,019.03.