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

Polyplex Corporation Limited

Symbol: NSE:POLYPLEX

ISIN: INE633B01018

883.30

As on 2024-04-12

760.85 (52W Low) 1,644.30 (52W High)

POLYPLEX's Today's Performance

Polyplex Corporation Limited started the day by opening at 895.20 today 2024-04-12. Its shares reached a high of 897.45 and dipped to a low of 881.00 in intraday. When the markets closed, POLYPLEX’s stock price settled at ₹883.30 per share. Also check out its key support and resistance levels.

POLYPLEX Buy/Sell Targets

Tomorrow, sell POLYPLEX when its price reaches ₹ 883.30 with a stop-loss order at ₹ 895.71. You can set the target price as ₹ 870.89 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 POLYPLEX 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 POLYPLEX

Resistance Levels Value in ₹
Tomorrow Resistance 1 894
Tomorrow Resistance 2 904
Tomorrow Resistance 3 910

Important Supports for POLYPLEX

Support Levels Value in ₹
Tomorrow Support 1 877
Tomorrow Support 2 871
Tomorrow Support 3 861
Based on where the stock opens tomorrow, if POLYPLEX opens on a positive note, our first target will be ₹894. If Target 1 is achieved, we will aim for Target 2 which is ₹904.

But if POLYPLEX falls below the average value of ₹887.25, you can enter a sell side position with target number 1 - ₹877 and second target - ₹871 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 POLYPLEX

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

Based on this, the predicted sentiment for POLYPLEX is moderate bullish.

Tomorrow's Volume based share price Forecast for POLYPLEX

POLYPLEX's Volume is currently in a Decreasing 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 -62%.

Reversal detection for POLYPLEX

Predicted trend chart of POLYPLEX tomorrow for price forecast
POLYPLEX may trend may continue to be bearish since stock is making lower low and we can get target of ₹896 in morning tomorrow
Target 1 tomorrow894
Target 2 tomorrow897
Target 3 tomorrow904
 

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 POLYPLEX'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 POLYPLEX opens on a positive note, our first target will be ₹893.50. If Target 1 is achieved, we will aim for Target 2 which is ₹903.70.

But if POLYPLEX falls below the average value of ₹887.25, you can enter a sell side position with target number 1 - ₹877.05 and second target - ₹870.80

POLYPLEX's Weekly Targets
1st Up Target 909.07
2nd Up Target 934.83
1st Down Target 869.27
2nd Down Target 855.23

As the week for POLYPLEX ended on bearish sentiments, we can expect further continuation of this sentiment. POLYPLEX's initial target will be 909.07 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 869.27 in the upcoming week.

Weekly OHLC Values
Open 910.00
High 920.80
Low 881.00
Close 883.30

Week for POLYPLEX started with an open price of 910.00, and the close was at 883.30. POLYPLEX reached the highest of 920.80 and dipped lowest up to 881.00 last week. This indicates a bearish sentiment for the week.

POLYPLEX full month swing targets
Monthly Up Target 1 948.87
Monthly Up Target 2 974.63
Monthly Down Target 1 829.47
Monthly Down Target 2 775.63

Targets of ₹948.87 can be expected to be reached in the coming month. Once POLYPLEX achieved this target, we can aim for the next upside target of ₹974.63.

POLYPLEX if fails to hold upside, down targets of ₹829.47 and ₹775.63 can be achieved by end of this month.

For complete three weeks if POLYPLEX 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

POLYPLEX is expected to reach the target of 893.50 in tomorrow's trading session.

After achieving the initial target in POLYPLEX, we will aim for higher targets of 903.70 tomorrow.

However, if POLYPLEX starts to trade below ₹887.25, then we will shift our focus to the sell side and aim for down targets of 877.05 and 870.80.