Price and trend forecast of PGEL for Tomorrow, Weekly, Monthly
PG Electroplast Limited
Symbol: NSE:PGEL
ISIN: INE457L01011
441.60
As on 2024-07-26
PGEL's Today's Performance
PG Electroplast Limited started the day by opening at 462.10 today 2024-07-26. Its shares reached a high of 468.90 and dipped to a low of 434.50 in intraday. When the markets closed, PGEL’s stock price settled at ₹441.60 per share. Also check out its key support and resistance levels.
PGEL Buy/Sell Targets
Tomorrow, sell PGEL when its price reaches ₹ 441.60 with a stop-loss order at ₹ 457.98. You can set the target price as ₹ 425.23 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 PGEL 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 PGEL
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 462 |
| Tomorrow Down Target 2 | 483 |
| Tomorrow Down Target 3 | 497 |
Important Levels for PGEL
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 428 |
| Tomorrow Up Target 2 | 414 |
| Tomorrow Up Target 3 | 393 |
Based on where the stock opens tomorrow, if PGEL opens on a positive note, our first target will be ₹462. If Target 1 is achieved, we will aim for Target 2 which is ₹483.
But if PGEL falls below the average value of ₹448.33, you can enter a sell side position with target number 1 - ₹428 and second target - ₹414 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 PGEL
Looking at PGEL, 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, PGEL has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for PGEL is moderate bullish.
Tomorrow's Volume based share price Forecast for PGEL
PGEL'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 -46%.
Reversal detection for PGEL
PGEL may trend may continue to be bearish since stock is making lower low and we can get target of ₹446 in morning tomorrow
| Target 1 tomorrow | 461 |
| Target 2 tomorrow | 470 |
| Target 3 tomorrow | 483 |
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 PGEL'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 PGEL opens on a positive note, our first target will be ₹462.17. If Target 1 is achieved, we will aim for Target 2 which is ₹482.73.
But if PGEL falls below the average value of ₹448.33, you can enter a sell side position with target number 1 - ₹427.77 and second target - ₹413.93
PGEL's Weekly Targets
| 1st Up Target | 494.67 |
| 2nd Up Target | 547.73 |
| 1st Down Target | 362.77 |
| 2nd Down Target | 283.93 |
As the week for PGEL ended on bullish sentiments, we can expect further continuation of this sentiment. PGEL's initial target will be 494.67 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 362.77 in the upcoming week.
Weekly OHLC Values
| Open | 347.00 |
| High | 468.90 |
| Low | 337.00 |
| Close | 441.60 |
Week for PGEL started with an open price of 347.00, and the close was at 441.60. PGEL reached the highest of 468.90 and dipped lowest up to 337.00 last week. This indicates a bullish sentiment for the week.
PGEL full month swing targets
| Monthly Up Target 1 | 626.57 |
| Monthly Up Target 2 | 679.63 |
| Monthly Down Target 1 | 230.87 |
| Monthly Down Target 2 | 20.13 |
Targets of ₹626.57 can be expected to be reached in the coming month. Once PGEL achieved this target, we can aim for the next upside target of ₹679.63.
PGEL if fails to hold upside, down targets of ₹230.87 and ₹20.13 can be achieved by end of this month.
For complete three weeks if PGEL 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 PGEL
| Symbol | Name | Industry |
|---|---|---|
| TCS | Tata Consultancy Services Limited | Information Technology Services |
| INFY | Infosys Limited | Information Technology Services |
| CYIENTDLM | Cyient DLM Limited | Electronic Components |
| HCLTECH | HCL Technologies Limited | Information Technology Services |
| IDEAFORGE | ideaForge Technology Limited | Computer Hardware |
Summary
PGEL is expected to reach the target of 462.17 in tomorrow's trading session.
After achieving the initial target in PGEL, we will aim for higher targets of 482.73 tomorrow.
However, if PGEL starts to trade below ₹448.33, then we will shift our focus to the sell side and aim for down targets of 427.77 and 413.93.