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

Parsvnath Developers Limited

Symbol: NSE:PARSVNATH

ISIN: INE561H01026

14.15

As on 2024-04-12

6.80 (52W Low) 17.25 (52W High)

PARSVNATH's Today's Performance

Parsvnath Developers Limited started the day by opening at 13.95 today 2024-04-12. Its shares reached a high of 14.60 and dipped to a low of 13.95 in intraday. When the markets closed, PARSVNATH’s stock price settled at ₹14.15 per share. Also check out its key support and resistance levels.

PARSVNATH Buy/Sell Targets

Tomorrow, buy PARSVNATH when its price reaches ₹ 14.15 with a stop-loss order at ₹ 13.73. You can set the target price as ₹ 14.58 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 PARSVNATH 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 PARSVNATH

Resistance Levels Value in ₹
Tomorrow Resistance 1 15
Tomorrow Resistance 2 15
Tomorrow Resistance 3 15

Important Supports for PARSVNATH

Support Levels Value in ₹
Tomorrow Support 1 14
Tomorrow Support 2 14
Tomorrow Support 3 13
Based on where the stock opens tomorrow, if PARSVNATH opens on a positive note, our first target will be ₹15. If Target 1 is achieved, we will aim for Target 2 which is ₹15.

But if PARSVNATH falls below the average value of ₹14.23, you can enter a sell side position with target number 1 - ₹14 and second target - ₹14 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 PARSVNATH

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

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

Tomorrow's Volume based share price Forecast for PARSVNATH

PARSVNATH'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 -1%.

Reversal detection for PARSVNATH

Predicted trend chart of PARSVNATH tomorrow for price forecast
PARSVNATH may trend may continue to be bullish since stock is making higher highs and we can get target of ₹14 in morning tomorrow
Target 1 tomorrow14
Target 2 tomorrow15
Target 3 tomorrow15
 

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 PARSVNATH'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 PARSVNATH opens on a positive note, our first target will be ₹14.52. If Target 1 is achieved, we will aim for Target 2 which is ₹14.88.

But if PARSVNATH falls below the average value of ₹14.23, you can enter a sell side position with target number 1 - ₹13.87 and second target - ₹13.58

PARSVNATH's Weekly Targets
1st Up Target 15.42
2nd Up Target 16.68
1st Down Target 13.27
2nd Down Target 12.38

As the week for PARSVNATH ended on bearish sentiments, we can expect further continuation of this sentiment. PARSVNATH's initial target will be 15.42 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 13.27 in the upcoming week.

Weekly OHLC Values
Open 15.50
High 15.80
Low 13.65
Close 14.15

Week for PARSVNATH started with an open price of 15.50, and the close was at 14.15. PARSVNATH reached the highest of 15.80 and dipped lowest up to 13.65 last week. This indicates a bearish sentiment for the week.

PARSVNATH full month swing targets
Monthly Up Target 1 17.57
Monthly Up Target 2 18.83
Monthly Down Target 1 11.12
Monthly Down Target 2 8.08

Targets of ₹17.57 can be expected to be reached in the coming month. Once PARSVNATH achieved this target, we can aim for the next upside target of ₹18.83.

PARSVNATH if fails to hold upside, down targets of ₹11.12 and ₹8.08 can be achieved by end of this month.

For complete three weeks if PARSVNATH 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 PARSVNATH

Symbol Name Industry
DLF DLF Limited Real Estate - Development
LODHA Macrotech Developers Limited Real Estate - Development
GODREJPROP Godrej Properties Limited Real Estate - Development
OBEROIRLTY Oberoi Realty Limited Real Estate - Development
PHOENIXLTD The Phoenix Mills Limited Real Estate - Diversified

Summary

PARSVNATH is expected to reach the target of 14.52 in tomorrow's trading session.

After achieving the initial target in PARSVNATH, we will aim for higher targets of 14.88 tomorrow.

However, if PARSVNATH starts to trade below ₹14.23, then we will shift our focus to the sell side and aim for down targets of 13.87 and 13.58.