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

Pondy Oxides & Chemicals Limited

Symbol: NSE:POCL

ISIN: INE063E01046

670.85

As on 2024-04-16

324.00 (52W Low) 906.30 (52W High)

POCL's Today's Performance

Pondy Oxides & Chemicals Limited started the day by opening at 650.15 today 2024-04-16. Its shares reached a high of 678.75 and dipped to a low of 644.00 in intraday. When the markets closed, POCL’s stock price settled at ₹670.85 per share. Also check out its key support and resistance levels.

POCL Buy/Sell Targets

Tomorrow, buy POCL when its price reaches ₹ 670.85 with a stop-loss order at ₹ 656.77. You can set the target price as ₹ 684.93 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 POCL 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 POCL

Resistance Levels Value in ₹
Tomorrow Resistance 1 685
Tomorrow Resistance 2 699
Tomorrow Resistance 3 720

Important Supports for POCL

Support Levels Value in ₹
Tomorrow Support 1 650
Tomorrow Support 2 630
Tomorrow Support 3 616
Based on where the stock opens tomorrow, if POCL opens on a positive note, our first target will be ₹685. If Target 1 is achieved, we will aim for Target 2 which is ₹699.

But if POCL falls below the average value of ₹664.53, you can enter a sell side position with target number 1 - ₹650 and second target - ₹630 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 POCL

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

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

Tomorrow's Volume based share price Forecast for POCL

POCL'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 -20%.

Reversal detection for POCL

Predicted trend chart of POCL tomorrow for price forecast
POCL may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹651 in morning tomorrow
Target 1 tomorrow678
Target 2 tomorrow686
Target 3 tomorrow699
 

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 POCL'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 POCL opens on a positive note, our first target will be ₹685.07. If Target 1 is achieved, we will aim for Target 2 which is ₹699.28.

But if POCL falls below the average value of ₹664.53, you can enter a sell side position with target number 1 - ₹650.32 and second target - ₹629.78

POCL's Weekly Targets
1st Up Target 687.08
2nd Up Target 703.32
1st Down Target 646.28
2nd Down Target 621.72

As the week for POCL ended on bullish sentiments, we can expect further continuation of this sentiment. POCL's initial target will be 687.08 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 646.28 in the upcoming week.

Weekly OHLC Values
Open 661.95
High 678.75
Low 637.95
Close 670.85

Week for POCL started with an open price of 661.95, and the close was at 670.85. POCL reached the highest of 678.75 and dipped lowest up to 637.95 last week. This indicates a bullish sentiment for the week.

POCL full month swing targets
Monthly Up Target 1 727.88
Monthly Up Target 2 744.12
Monthly Down Target 1 605.48
Monthly Down Target 2 540.12

Targets of ₹727.88 can be expected to be reached in the coming month. Once POCL achieved this target, we can aim for the next upside target of ₹744.12.

POCL if fails to hold upside, down targets of ₹605.48 and ₹540.12 can be achieved by end of this month.

For complete three weeks if POCL 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

POCL is expected to reach the target of 685.07 in tomorrow's trading session.

After achieving the initial target in POCL, we will aim for higher targets of 699.28 tomorrow.

However, if POCL starts to trade below ₹664.53, then we will shift our focus to the sell side and aim for down targets of 650.32 and 629.78.