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

Prime Focus Limited

Symbol: NSE:PFOCUS

ISIN: INE367G01038

142.18

As on 2024-07-24

79.20 (52W Low) 158.00 (52W High)

PFOCUS's Today's Performance

Prime Focus Limited started the day by opening at 137.45 today 2024-07-24. Its shares reached a high of 142.18 and dipped to a low of 135.57 in intraday. When the markets closed, PFOCUS’s stock price settled at ₹142.18 per share. Also check out its key support and resistance levels.

PFOCUS Buy/Sell Targets

Tomorrow, buy PFOCUS when its price reaches ₹ 142.18 with a stop-loss order at ₹ 139.72. You can set the target price as ₹ 144.64 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 PFOCUS 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 PFOCUS

Downside Targets Value in ₹
Tomorrow Down Target 1 144
Tomorrow Down Target 2 147
Tomorrow Down Target 3 151

Important Levels for PFOCUS

Holding Levels Value in ₹
Tomorrow Up Target 1 138
Tomorrow Up Target 2 133
Tomorrow Up Target 3 131
Based on where the stock opens tomorrow, if PFOCUS opens on a positive note, our first target will be ₹144. If Target 1 is achieved, we will aim for Target 2 which is ₹147.

But if PFOCUS falls below the average value of ₹139.98, you can enter a sell side position with target number 1 - ₹138 and second target - ₹133 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 PFOCUS

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

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

Tomorrow's Volume based share price Forecast for PFOCUS

PFOCUS'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 -18%.

Reversal detection for PFOCUS

Predicted trend chart of PFOCUS tomorrow for price forecast
PFOCUS may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹134 in morning tomorrow
Target 1 tomorrow143
Target 2 tomorrow144
Target 3 tomorrow147
 

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 PFOCUS'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 PFOCUS opens on a positive note, our first target will be ₹144.38. If Target 1 is achieved, we will aim for Target 2 which is ₹146.59.

But if PFOCUS falls below the average value of ₹139.98, you can enter a sell side position with target number 1 - ₹137.77 and second target - ₹133.37

PFOCUS's Weekly Targets
1st Up Target 147.91
2nd Up Target 153.63
1st Down Target 130.73
2nd Down Target 119.27

As the week for PFOCUS ended on bullish sentiments, we can expect further continuation of this sentiment. PFOCUS's initial target will be 147.91 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 130.73 in the upcoming week.

Weekly OHLC Values
Open 126.80
High 142.18
Low 125.00
Close 142.18

Week for PFOCUS started with an open price of 126.80, and the close was at 142.18. PFOCUS reached the highest of 142.18 and dipped lowest up to 125.00 last week. This indicates a bullish sentiment for the week.

PFOCUS full month swing targets
Monthly Up Target 1 165.09
Monthly Up Target 2 170.81
Monthly Down Target 1 113.55
Monthly Down Target 2 84.91

Targets of ₹165.09 can be expected to be reached in the coming month. Once PFOCUS achieved this target, we can aim for the next upside target of ₹170.81.

PFOCUS if fails to hold upside, down targets of ₹113.55 and ₹84.91 can be achieved by end of this month.

For complete three weeks if PFOCUS 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

PFOCUS is expected to reach the target of 144.38 in tomorrow's trading session.

After achieving the initial target in PFOCUS, we will aim for higher targets of 146.59 tomorrow.

However, if PFOCUS starts to trade below ₹139.98, then we will shift our focus to the sell side and aim for down targets of 137.77 and 133.37.