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

Peninsula Land Limited

Symbol: NSE:PENINLAND

ISIN: INE138A01028

49.25

As on 2024-04-19

14.30 (52W Low) 71.60 (52W High)

PENINLAND's Today's Performance

Peninsula Land Limited started the day by opening at 48.70 today 2024-04-19. Its shares reached a high of 50.50 and dipped to a low of 48.35 in intraday. When the markets closed, PENINLAND’s stock price settled at ₹49.25 per share. Also check out its key support and resistance levels.

PENINLAND Buy/Sell Targets

Tomorrow, buy PENINLAND when its price reaches ₹ 49.25 with a stop-loss order at ₹ 47.94. You can set the target price as ₹ 50.56 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 PENINLAND 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 PENINLAND

Downside Targets Value in ₹
Tomorrow Down Target 1 50
Tomorrow Down Target 2 52
Tomorrow Down Target 3 53

Important Levels for PENINLAND

Holding Levels Value in ₹
Tomorrow Up Target 1 48
Tomorrow Up Target 2 47
Tomorrow Up Target 3 46
Based on where the stock opens tomorrow, if PENINLAND opens on a positive note, our first target will be ₹50. If Target 1 is achieved, we will aim for Target 2 which is ₹52.

But if PENINLAND falls below the average value of ₹49.37, you can enter a sell side position with target number 1 - ₹48 and second target - ₹47 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 PENINLAND

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

Based on this, the predicted sentiment for PENINLAND is strong bearish.

Tomorrow's Volume based share price Forecast for PENINLAND

PENINLAND's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 14%.

Reversal detection for PENINLAND

Predicted trend chart of PENINLAND tomorrow for price forecast
PENINLAND may trend may continue to be bullish since stock is making higher highs and we can get target of ₹49 in morning tomorrow
Target 1 tomorrow50
Target 2 tomorrow51
Target 3 tomorrow52
 

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 PENINLAND'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 PENINLAND opens on a positive note, our first target will be ₹50.38. If Target 1 is achieved, we will aim for Target 2 which is ₹51.52.

But if PENINLAND falls below the average value of ₹49.37, you can enter a sell side position with target number 1 - ₹48.23 and second target - ₹47.22

PENINLAND's Weekly Targets
1st Up Target 51.28
2nd Up Target 53.32
1st Down Target 47.18
2nd Down Target 45.12

As the week for PENINLAND ended on bearish sentiments, we can expect further continuation of this sentiment. PENINLAND's initial target will be 51.28 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 47.18 in the upcoming week.

Weekly OHLC Values
Open 49.95
High 51.25
Low 47.15
Close 49.25

Week for PENINLAND started with an open price of 49.95, and the close was at 49.25. PENINLAND reached the highest of 51.25 and dipped lowest up to 47.15 last week. This indicates a bearish sentiment for the week.

PENINLAND full month swing targets
Monthly Up Target 1 55.38
Monthly Up Target 2 57.42
Monthly Down Target 1 43.08
Monthly Down Target 2 36.92

Targets of ₹55.38 can be expected to be reached in the coming month. Once PENINLAND achieved this target, we can aim for the next upside target of ₹57.42.

PENINLAND if fails to hold upside, down targets of ₹43.08 and ₹36.92 can be achieved by end of this month.

For complete three weeks if PENINLAND 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 PENINLAND

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

PENINLAND is expected to reach the target of 50.38 in tomorrow's trading session.

After achieving the initial target in PENINLAND, we will aim for higher targets of 51.52 tomorrow.

However, if PENINLAND starts to trade below ₹49.37, then we will shift our focus to the sell side and aim for down targets of 48.23 and 47.22.