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

Pearl Global Industries Limited

Symbol: NSE:PGIL

ISIN: INE940H01014

579.90

As on 2024-04-16

411.00 (52W Low) 1,470.80 (52W High)

PGIL's Today's Performance

Pearl Global Industries Limited started the day by opening at 593.00 today 2024-04-16. Its shares reached a high of 593.00 and dipped to a low of 572.30 in intraday. When the markets closed, PGIL’s stock price settled at ₹579.90 per share. Also check out its key support and resistance levels.

PGIL Buy/Sell Targets

Tomorrow, sell PGIL when its price reaches ₹ 579.90 with a stop-loss order at ₹ 594.80. You can set the target price as ₹ 565.00 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 PGIL 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 PGIL

Resistance Levels Value in ₹
Tomorrow Resistance 1 591
Tomorrow Resistance 2 602
Tomorrow Resistance 3 612

Important Supports for PGIL

Support Levels Value in ₹
Tomorrow Support 1 570
Tomorrow Support 2 561
Tomorrow Support 3 550
Based on where the stock opens tomorrow, if PGIL opens on a positive note, our first target will be ₹591. If Target 1 is achieved, we will aim for Target 2 which is ₹602.

But if PGIL falls below the average value of ₹581.73, you can enter a sell side position with target number 1 - ₹570 and second target - ₹561 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 PGIL

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

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

Tomorrow's Volume based share price Forecast for PGIL

PGIL'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 -84%.

Reversal detection for PGIL

Predicted trend chart of PGIL tomorrow for price forecast
PGIL may trend may continue to be bearish since stock is making lower low and we can get target of ₹586 in morning tomorrow
Target 1 tomorrow590
Target 2 tomorrow595
Target 3 tomorrow602
 

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 PGIL'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 PGIL opens on a positive note, our first target will be ₹591.17. If Target 1 is achieved, we will aim for Target 2 which is ₹602.43.

But if PGIL falls below the average value of ₹581.73, you can enter a sell side position with target number 1 - ₹570.47 and second target - ₹561.03

PGIL's Weekly Targets
1st Up Target 598.27
2nd Up Target 616.63
1st Down Target 563.27
2nd Down Target 546.63

As the week for PGIL ended on bearish sentiments, we can expect further continuation of this sentiment. PGIL's initial target will be 598.27 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 563.27 in the upcoming week.

Weekly OHLC Values
Open 580.00
High 600.00
Low 565.00
Close 579.90

Week for PGIL started with an open price of 580.00, and the close was at 579.90. PGIL reached the highest of 600.00 and dipped lowest up to 565.00 last week. This indicates a bearish sentiment for the week.

PGIL full month swing targets
Monthly Up Target 1 633.27
Monthly Up Target 2 651.63
Monthly Down Target 1 528.27
Monthly Down Target 2 476.63

Targets of ₹633.27 can be expected to be reached in the coming month. Once PGIL achieved this target, we can aim for the next upside target of ₹651.63.

PGIL if fails to hold upside, down targets of ₹528.27 and ₹476.63 can be achieved by end of this month.

For complete three weeks if PGIL 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 PGIL

Symbol Name Industry
MARUTI Maruti Suzuki India Limited Auto Manufacturers
TATAMTRDVR Tata Motors Limited Auto Manufacturers
TATAMOTORS Tata Motors Limited Auto Manufacturers
TITAN Titan Company Limited Luxury Goods
BAJAJ-AUTO Bajaj Auto Limited Auto Manufacturers

Summary

PGIL is expected to reach the target of 591.17 in tomorrow's trading session.

After achieving the initial target in PGIL, we will aim for higher targets of 602.43 tomorrow.

However, if PGIL starts to trade below ₹581.73, then we will shift our focus to the sell side and aim for down targets of 570.47 and 561.03.