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

Pokarna Limited

Symbol: NSE:POKARNA

ISIN: INE637C01025

1,005.45

As on 2024-10-04

421.15 (52W Low) 1,148.00 (52W High)

POKARNA's Today's Performance

Pokarna Limited started the day by opening at 1,015.35 today 2024-10-04. Its shares reached a high of 1,035.05 and dipped to a low of 991.00 in intraday. When the markets closed, POKARNA’s stock price settled at ₹1,005.45 per share. Also check out its key support and resistance levels.

POKARNA Buy/Sell Targets

Tomorrow, buy POKARNA when its price reaches ₹ 1,005.45 with a stop-loss order at ₹ 984.61. You can set the target price as ₹ 1,026.29 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 POKARNA 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 POKARNA

Downside Targets Value in ₹
Tomorrow Down Target 1 1,030
Tomorrow Down Target 2 1,055
Tomorrow Down Target 3 1,074

Important Levels for POKARNA

Holding Levels Value in ₹
Tomorrow Up Target 1 986
Tomorrow Up Target 2 966
Tomorrow Up Target 3 942
Based on where the stock opens tomorrow, if POKARNA opens on a positive note, our first target will be ₹1,030. If Target 1 is achieved, we will aim for Target 2 which is ₹1,055.

But if POKARNA falls below the average value of ₹1,010.50, you can enter a sell side position with target number 1 - ₹986 and second target - ₹966 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 POKARNA

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

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

Tomorrow's Volume based share price Forecast for POKARNA

POKARNA'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 693%.

Reversal detection for POKARNA

Predicted trend chart of POKARNA tomorrow for price forecast
POKARNA may trend may continue to be bullish since stock is making higher highs and we can get target of ₹1013 in morning tomorrow
Target 1 tomorrow1027
Target 2 tomorrow1038
Target 3 tomorrow1055
 

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 POKARNA'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 POKARNA opens on a positive note, our first target will be ₹1,030.00. If Target 1 is achieved, we will aim for Target 2 which is ₹1,054.55.

But if POKARNA falls below the average value of ₹1,010.50, you can enter a sell side position with target number 1 - ₹985.95 and second target - ₹966.45

POKARNA's Weekly Targets
1st Up Target 1,049.97
2nd Up Target 1,094.48
1st Down Target 975.97
2nd Down Target 946.48

As the week for POKARNA ended on bearish sentiments, we can expect further continuation of this sentiment. POKARNA's initial target will be 1,049.97 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 975.97 in the upcoming week.

Weekly OHLC Values
Open 1,036.70
High 1,065.00
Low 991.00
Close 1,005.45

Week for POKARNA started with an open price of 1,036.70, and the close was at 1,005.45. POKARNA reached the highest of 1,065.00 and dipped lowest up to 991.00 last week. This indicates a bearish sentiment for the week.

POKARNA full month swing targets
Monthly Up Target 1 1,123.97
Monthly Up Target 2 1,168.48
Monthly Down Target 1 901.97
Monthly Down Target 2 798.48

Targets of ₹1,123.97 can be expected to be reached in the coming month. Once POKARNA achieved this target, we can aim for the next upside target of ₹1,168.48.

POKARNA if fails to hold upside, down targets of ₹901.97 and ₹798.48 can be achieved by end of this month.

For complete three weeks if POKARNA 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

POKARNA is expected to reach the target of 1,030.00 in tomorrow's trading session.

After achieving the initial target in POKARNA, we will aim for higher targets of 1,054.55 tomorrow.

However, if POKARNA starts to trade below ₹1,010.50, then we will shift our focus to the sell side and aim for down targets of 985.95 and 966.45.