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

PDS Limited

Symbol: NSE:PDSL

ISIN: INE111Q01021

459.50

As on 2024-04-16

304.00 (52W Low) 666.00 (52W High)

PDSL's Today's Performance

PDS Limited started the day by opening at 460.85 today 2024-04-16. Its shares reached a high of 467.10 and dipped to a low of 456.75 in intraday. When the markets closed, PDSL’s stock price settled at ₹459.50 per share. Also check out its key support and resistance levels.

PDSL Buy/Sell Targets

Tomorrow, sell PDSL when its price reaches ₹ 459.50 with a stop-loss order at ₹ 466.50. You can set the target price as ₹ 452.50 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 PDSL 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 PDSL

Resistance Levels Value in ₹
Tomorrow Resistance 1 465
Tomorrow Resistance 2 471
Tomorrow Resistance 3 476

Important Supports for PDSL

Support Levels Value in ₹
Tomorrow Support 1 455
Tomorrow Support 2 451
Tomorrow Support 3 445
Based on where the stock opens tomorrow, if PDSL opens on a positive note, our first target will be ₹465. If Target 1 is achieved, we will aim for Target 2 which is ₹471.

But if PDSL falls below the average value of ₹461.12, you can enter a sell side position with target number 1 - ₹455 and second target - ₹451 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 PDSL

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

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

Tomorrow's Volume based share price Forecast for PDSL

PDSL'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 -36%.

Reversal detection for PDSL

Predicted trend chart of PDSL tomorrow for price forecast
PDSL may trend may continue to be bearish since stock is making lower low and we can get target of ₹463 in morning tomorrow
Target 1 tomorrow465
Target 2 tomorrow468
Target 3 tomorrow471
 

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 PDSL'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 PDSL opens on a positive note, our first target will be ₹465.48. If Target 1 is achieved, we will aim for Target 2 which is ₹471.47.

But if PDSL falls below the average value of ₹461.12, you can enter a sell side position with target number 1 - ₹455.13 and second target - ₹450.77

PDSL's Weekly Targets
1st Up Target 470.50
2nd Up Target 481.50
1st Down Target 451.75
2nd Down Target 444.00

As the week for PDSL ended on bearish sentiments, we can expect further continuation of this sentiment. PDSL's initial target will be 470.50 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 451.75 in the upcoming week.

Weekly OHLC Values
Open 465.00
High 473.75
Low 455.00
Close 459.50

Week for PDSL started with an open price of 465.00, and the close was at 459.50. PDSL reached the highest of 473.75 and dipped lowest up to 455.00 last week. This indicates a bearish sentiment for the week.

PDSL full month swing targets
Monthly Up Target 1 489.25
Monthly Up Target 2 500.25
Monthly Down Target 1 433.00
Monthly Down Target 2 406.50

Targets of ₹489.25 can be expected to be reached in the coming month. Once PDSL achieved this target, we can aim for the next upside target of ₹500.25.

PDSL if fails to hold upside, down targets of ₹433.00 and ₹406.50 can be achieved by end of this month.

For complete three weeks if PDSL 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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Summary

PDSL is expected to reach the target of 465.48 in tomorrow's trading session.

After achieving the initial target in PDSL, we will aim for higher targets of 471.47 tomorrow.

However, if PDSL starts to trade below ₹461.12, then we will shift our focus to the sell side and aim for down targets of 455.13 and 450.77.