Price and trend forecast of PALASHSECU for Tomorrow, Weekly, Monthly
Palash Securities Limited
Symbol: NSE:PALASHSECU
ISIN: INE471W01019
171.23
As on 2024-10-17
PALASHSECU's Today's Performance
Palash Securities Limited started the day by opening at 151.52 today 2024-10-17. Its shares reached a high of 177.00 and dipped to a low of 146.07 in intraday. When the markets closed, PALASHSECU’s stock price settled at ₹171.23 per share. Also check out its key support and resistance levels.
PALASHSECU Buy/Sell Targets
Tomorrow, buy PALASHSECU when its price reaches ₹ 171.23 with a stop-loss order at ₹ 163.95. You can set the target price as ₹ 178.51 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 PALASHSECU 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 PALASHSECU
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 183 |
| Tomorrow Down Target 2 | 196 |
| Tomorrow Down Target 3 | 214 |
Important Levels for PALASHSECU
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 153 |
| Tomorrow Up Target 2 | 134 |
| Tomorrow Up Target 3 | 122 |
Based on where the stock opens tomorrow, if PALASHSECU opens on a positive note, our first target will be ₹183. If Target 1 is achieved, we will aim for Target 2 which is ₹196.
But if PALASHSECU falls below the average value of ₹164.77, you can enter a sell side position with target number 1 - ₹153 and second target - ₹134 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 PALASHSECU
Looking at PALASHSECU, 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, PALASHSECU has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for PALASHSECU is moderate bullish.
Tomorrow's Volume based share price Forecast for PALASHSECU
PALASHSECU'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 205%.
Reversal detection for PALASHSECU
PALASHSECU may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹152 in morning tomorrow
| Target 1 tomorrow | 177 |
| Target 2 tomorrow | 184 |
| Target 3 tomorrow | 196 |
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 PALASHSECU'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 PALASHSECU opens on a positive note, our first target will be ₹183.46. If Target 1 is achieved, we will aim for Target 2 which is ₹195.70.
But if PALASHSECU falls below the average value of ₹164.77, you can enter a sell side position with target number 1 - ₹152.53 and second target - ₹133.84
PALASHSECU's Weekly Targets
| 1st Up Target | 183.85 |
| 2nd Up Target | 196.47 |
| 1st Down Target | 151.76 |
| 2nd Down Target | 132.29 |
As the week for PALASHSECU ended on bullish sentiments, we can expect further continuation of this sentiment. PALASHSECU's initial target will be 183.85 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 151.76 in the upcoming week.
Weekly OHLC Values
| Open | 144.95 |
| High | 177.00 |
| Low | 144.91 |
| Close | 171.23 |
Week for PALASHSECU started with an open price of 144.95, and the close was at 171.23. PALASHSECU reached the highest of 177.00 and dipped lowest up to 144.91 last week. This indicates a bullish sentiment for the week.
PALASHSECU full month swing targets
| Monthly Up Target 1 | 215.94 |
| Monthly Up Target 2 | 228.56 |
| Monthly Down Target 1 | 119.67 |
| Monthly Down Target 2 | 68.11 |
Targets of ₹215.94 can be expected to be reached in the coming month. Once PALASHSECU achieved this target, we can aim for the next upside target of ₹228.56.
PALASHSECU if fails to hold upside, down targets of ₹119.67 and ₹68.11 can be achieved by end of this month.
For complete three weeks if PALASHSECU 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 PALASHSECU
| Symbol | Name | Industry |
|---|---|---|
| ITC | ITC Limited | Tobacco |
| HINDUNILVR | Hindustan Unilever Limited | Household & Personal Products |
| DMART | Avenue Supermarts Limited | Discount Stores |
| NESTLEIND | Nestle India Limited | Packaged Foods |
| VBL | Varun Beverages Limited | Beverages - Non-Alcoholic |
Summary
PALASHSECU is expected to reach the target of 183.46 in tomorrow's trading session.
After achieving the initial target in PALASHSECU, we will aim for higher targets of 195.70 tomorrow.
However, if PALASHSECU starts to trade below ₹164.77, then we will shift our focus to the sell side and aim for down targets of 152.53 and 133.84.