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

Premier Polyfilm Limited

Symbol: NSE:PREMIERPOL

ISIN: INE309M01012

187.70

As on 2024-04-12

78.70 (52W Low) 253.90 (52W High)

PREMIERPOL's Today's Performance

Premier Polyfilm Limited started the day by opening at 187.35 today 2024-04-12. Its shares reached a high of 192.80 and dipped to a low of 186.10 in intraday. When the markets closed, PREMIERPOL’s stock price settled at ₹187.70 per share. Also check out its key support and resistance levels.

PREMIERPOL Buy/Sell Targets

Tomorrow, sell PREMIERPOL when its price reaches ₹ 187.70 with a stop-loss order at ₹ 191.39. You can set the target price as ₹ 184.01 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 PREMIERPOL 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 PREMIERPOL

Resistance Levels Value in ₹
Tomorrow Resistance 1 192
Tomorrow Resistance 2 196
Tomorrow Resistance 3 198

Important Supports for PREMIERPOL

Support Levels Value in ₹
Tomorrow Support 1 185
Tomorrow Support 2 182
Tomorrow Support 3 178
Based on where the stock opens tomorrow, if PREMIERPOL opens on a positive note, our first target will be ₹192. If Target 1 is achieved, we will aim for Target 2 which is ₹196.

But if PREMIERPOL falls below the average value of ₹188.87, you can enter a sell side position with target number 1 - ₹185 and second target - ₹182 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 PREMIERPOL

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

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

Tomorrow's Volume based share price Forecast for PREMIERPOL

PREMIERPOL'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 -53%.

Reversal detection for PREMIERPOL

Predicted trend chart of PREMIERPOL tomorrow for price forecast
PREMIERPOL may trend may continue to be bearish since stock is making lower low and we can get target of ₹191 in morning tomorrow
Target 1 tomorrow191
Target 2 tomorrow193
Target 3 tomorrow196
 

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 PREMIERPOL'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 PREMIERPOL opens on a positive note, our first target will be ₹191.63. If Target 1 is achieved, we will aim for Target 2 which is ₹195.57.

But if PREMIERPOL falls below the average value of ₹188.87, you can enter a sell side position with target number 1 - ₹184.93 and second target - ₹182.17

PREMIERPOL's Weekly Targets
1st Up Target 195.57
2nd Up Target 203.43
1st Down Target 182.97
2nd Down Target 178.23

As the week for PREMIERPOL ended on bearish sentiments, we can expect further continuation of this sentiment. PREMIERPOL's initial target will be 195.57 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 182.97 in the upcoming week.

Weekly OHLC Values
Open 195.20
High 198.70
Low 186.10
Close 187.70

Week for PREMIERPOL started with an open price of 195.20, and the close was at 187.70. PREMIERPOL reached the highest of 198.70 and dipped lowest up to 186.10 last week. This indicates a bearish sentiment for the week.

PREMIERPOL full month swing targets
Monthly Up Target 1 208.17
Monthly Up Target 2 216.03
Monthly Down Target 1 170.37
Monthly Down Target 2 153.03

Targets of ₹208.17 can be expected to be reached in the coming month. Once PREMIERPOL achieved this target, we can aim for the next upside target of ₹216.03.

PREMIERPOL if fails to hold upside, down targets of ₹170.37 and ₹153.03 can be achieved by end of this month.

For complete three weeks if PREMIERPOL 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

PREMIERPOL is expected to reach the target of 191.63 in tomorrow's trading session.

After achieving the initial target in PREMIERPOL, we will aim for higher targets of 195.57 tomorrow.

However, if PREMIERPOL starts to trade below ₹188.87, then we will shift our focus to the sell side and aim for down targets of 184.93 and 182.17.