Price and trend forecast of PLASTIBLEN for Tomorrow, Weekly, Monthly
Plastiblends India Limited
Symbol: NSE:PLASTIBLEN
ISIN: INE083C01022
293.55
As on 2024-10-09
PLASTIBLEN's Today's Performance
Plastiblends India Limited started the day by opening at 302.30 today 2024-10-09. Its shares reached a high of 302.95 and dipped to a low of 290.00 in intraday. When the markets closed, PLASTIBLEN’s stock price settled at ₹293.55 per share. Also check out its key support and resistance levels.
PLASTIBLEN Buy/Sell Targets
Tomorrow, sell PLASTIBLEN when its price reaches ₹ 293.55 with a stop-loss order at ₹ 302.68. You can set the target price as ₹ 284.42 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 PLASTIBLEN 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 PLASTIBLEN
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 301 |
| Tomorrow Down Target 2 | 308 |
| Tomorrow Down Target 3 | 314 |
Important Levels for PLASTIBLEN
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 288 |
| Tomorrow Up Target 2 | 283 |
| Tomorrow Up Target 3 | 275 |
Based on where the stock opens tomorrow, if PLASTIBLEN opens on a positive note, our first target will be ₹301. If Target 1 is achieved, we will aim for Target 2 which is ₹308.
But if PLASTIBLEN falls below the average value of ₹295.50, you can enter a sell side position with target number 1 - ₹288 and second target - ₹283 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 PLASTIBLEN
Looking at PLASTIBLEN, 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, PLASTIBLEN has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for PLASTIBLEN is moderate bearish.
Tomorrow's Volume based share price Forecast for PLASTIBLEN
PLASTIBLEN's Volume is currently in a Decreasing 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 -7%.
Reversal detection for PLASTIBLEN
PLASTIBLEN may trend may continue to be bearish since stock is making lower low and we can get target of ₹288 in morning tomorrow
| Target 1 tomorrow | 300 |
| Target 2 tomorrow | 304 |
| Target 3 tomorrow | 308 |
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 PLASTIBLEN'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 PLASTIBLEN opens on a positive note, our first target will be ₹301.00. If Target 1 is achieved, we will aim for Target 2 which is ₹308.45.
But if PLASTIBLEN falls below the average value of ₹295.50, you can enter a sell side position with target number 1 - ₹288.05 and second target - ₹282.55
PLASTIBLEN's Weekly Targets
| 1st Up Target | 306.33 |
| 2nd Up Target | 319.12 |
| 1st Down Target | 277.38 |
| 2nd Down Target | 261.22 |
As the week for PLASTIBLEN ended on bearish sentiments, we can expect further continuation of this sentiment. PLASTIBLEN's initial target will be 306.33 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 277.38 in the upcoming week.
Weekly OHLC Values
| Open | 294.00 |
| High | 302.95 |
| Low | 274.00 |
| Close | 293.55 |
Week for PLASTIBLEN started with an open price of 294.00, and the close was at 293.55. PLASTIBLEN reached the highest of 302.95 and dipped lowest up to 274.00 last week. This indicates a bearish sentiment for the week.
PLASTIBLEN full month swing targets
| Monthly Up Target 1 | 335.28 |
| Monthly Up Target 2 | 348.07 |
| Monthly Down Target 1 | 248.43 |
| Monthly Down Target 2 | 203.32 |
Targets of ₹335.28 can be expected to be reached in the coming month. Once PLASTIBLEN achieved this target, we can aim for the next upside target of ₹348.07.
PLASTIBLEN if fails to hold upside, down targets of ₹248.43 and ₹203.32 can be achieved by end of this month.
For complete three weeks if PLASTIBLEN 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 PLASTIBLEN
| Symbol | Name | Industry |
|---|---|---|
| ULTRACEMCO | UltraTech Cement Limited | Building Materials |
| ASIANPAINT | Asian Paints Limited | Specialty Chemicals |
| JSWSTEEL | JSW Steel Limited | Steel |
| TATASTEEL | Tata Steel Limited | Steel |
| GRASIM | Grasim Industries Limited | Building Materials |
Summary
PLASTIBLEN is expected to reach the target of 301.00 in tomorrow's trading session.
After achieving the initial target in PLASTIBLEN, we will aim for higher targets of 308.45 tomorrow.
However, if PLASTIBLEN starts to trade below ₹295.50, then we will shift our focus to the sell side and aim for down targets of 288.05 and 282.55.