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

Parag Milk Foods Limited

Symbol: NSE:PARAGMILK

ISIN: INE883N01014

200.34

As on 2024-07-24

149.80 (52W Low) 289.75 (52W High)

PARAGMILK's Today's Performance

Parag Milk Foods Limited started the day by opening at 208.00 today 2024-07-24. Its shares reached a high of 211.98 and dipped to a low of 198.80 in intraday. When the markets closed, PARAGMILK’s stock price settled at ₹200.34 per share. Also check out its key support and resistance levels.

PARAGMILK Buy/Sell Targets

Tomorrow, sell PARAGMILK when its price reaches ₹ 200.34 with a stop-loss order at ₹ 208.83. You can set the target price as ₹ 191.85 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 PARAGMILK 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 PARAGMILK

Downside Targets Value in ₹
Tomorrow Down Target 1 209
Tomorrow Down Target 2 217
Tomorrow Down Target 3 222

Important Levels for PARAGMILK

Holding Levels Value in ₹
Tomorrow Up Target 1 195
Tomorrow Up Target 2 191
Tomorrow Up Target 3 182
Based on where the stock opens tomorrow, if PARAGMILK opens on a positive note, our first target will be ₹209. If Target 1 is achieved, we will aim for Target 2 which is ₹217.

But if PARAGMILK falls below the average value of ₹203.71, you can enter a sell side position with target number 1 - ₹195 and second target - ₹191 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 PARAGMILK

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

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

Tomorrow's Volume based share price Forecast for PARAGMILK

PARAGMILK's Volume is currently in a Increasing 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 -11%.

Reversal detection for PARAGMILK

Predicted trend chart of PARAGMILK tomorrow for price forecast
PARAGMILK may trend may continue to be bearish since stock is making lower low and we can get target of ₹199 in morning tomorrow
Target 1 tomorrow209
Target 2 tomorrow212
Target 3 tomorrow217
 

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 PARAGMILK'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 PARAGMILK opens on a positive note, our first target will be ₹208.61. If Target 1 is achieved, we will aim for Target 2 which is ₹216.89.

But if PARAGMILK falls below the average value of ₹203.71, you can enter a sell side position with target number 1 - ₹195.43 and second target - ₹190.53

PARAGMILK's Weekly Targets
1st Up Target 213.21
2nd Up Target 226.09
1st Down Target 186.23
2nd Down Target 172.13

As the week for PARAGMILK ended on bullish sentiments, we can expect further continuation of this sentiment. PARAGMILK's initial target will be 213.21 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 186.23 in the upcoming week.

Weekly OHLC Values
Open 193.85
High 211.98
Low 185.00
Close 200.34

Week for PARAGMILK started with an open price of 193.85, and the close was at 200.34. PARAGMILK reached the highest of 211.98 and dipped lowest up to 185.00 last week. This indicates a bullish sentiment for the week.

PARAGMILK full month swing targets
Monthly Up Target 1 240.19
Monthly Up Target 2 253.07
Monthly Down Target 1 159.25
Monthly Down Target 2 118.17

Targets of ₹240.19 can be expected to be reached in the coming month. Once PARAGMILK achieved this target, we can aim for the next upside target of ₹253.07.

PARAGMILK if fails to hold upside, down targets of ₹159.25 and ₹118.17 can be achieved by end of this month.

For complete three weeks if PARAGMILK 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 PARAGMILK

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

PARAGMILK is expected to reach the target of 208.61 in tomorrow's trading session.

After achieving the initial target in PARAGMILK, we will aim for higher targets of 216.89 tomorrow.

However, if PARAGMILK starts to trade below ₹203.71, then we will shift our focus to the sell side and aim for down targets of 195.43 and 190.53.