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

Premier Polyfilm Limited

Symbol: NSE:PREMIERPOL

ISIN: INE309M01012

218.91

As on 2024-07-23

98.00 (52W Low) 253.90 (52W High)

PREMIERPOL's Today's Performance

Premier Polyfilm Limited started the day by opening at 226.00 today 2024-07-23. Its shares reached a high of 226.00 and dipped to a low of 208.03 in intraday. When the markets closed, PREMIERPOL’s stock price settled at ₹218.91 per share. Also check out its key support and resistance levels.

PREMIERPOL Buy/Sell Targets

Tomorrow, sell PREMIERPOL when its price reaches ₹ 218.91 with a stop-loss order at ₹ 225.37. You can set the target price as ₹ 212.45 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 levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for PREMIERPOL

Downside Targets Value in ₹
Tomorrow Down Target 1 227
Tomorrow Down Target 2 236
Tomorrow Down Target 3 245

Important Levels for PREMIERPOL

Holding Levels Value in ₹
Tomorrow Up Target 1 209
Tomorrow Up Target 2 200
Tomorrow Up Target 3 191
Based on where the stock opens tomorrow, if PREMIERPOL opens on a positive note, our first target will be ₹227. If Target 1 is achieved, we will aim for Target 2 which is ₹236.

But if PREMIERPOL falls below the average value of ₹217.65, you can enter a sell side position with target number 1 - ₹209 and second target - ₹200 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 reverse its trend from downside (Short term bullish outlook) and we can get target of ₹222 in morning tomorrow
Target 1 tomorrow225
Target 2 tomorrow229
Target 3 tomorrow236
 

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 ₹227.26. If Target 1 is achieved, we will aim for Target 2 which is ₹235.62.

But if PREMIERPOL falls below the average value of ₹217.65, you can enter a sell side position with target number 1 - ₹209.29 and second target - ₹199.68

PREMIERPOL's Weekly Targets
1st Up Target 227.66
2nd Up Target 236.40
1st Down Target 209.10
2nd Down Target 199.28

As the week for PREMIERPOL ended on bullish sentiments, we can expect further continuation of this sentiment. PREMIERPOL's initial target will be 227.66 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 209.10 in the upcoming week.

Weekly OHLC Values
Open 216.60
High 226.59
Low 208.03
Close 218.91

Week for PREMIERPOL started with an open price of 216.60, and the close was at 218.91. PREMIERPOL reached the highest of 226.59 and dipped lowest up to 208.03 last week. This indicates a bullish sentiment for the week.

PREMIERPOL full month swing targets
Monthly Up Target 1 246.22
Monthly Up Target 2 254.96
Monthly Down Target 1 190.54
Monthly Down Target 2 162.16

Targets of ₹246.22 can be expected to be reached in the coming month. Once PREMIERPOL achieved this target, we can aim for the next upside target of ₹254.96.

PREMIERPOL if fails to hold upside, down targets of ₹190.54 and ₹162.16 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 227.26 in tomorrow's trading session.

After achieving the initial target in PREMIERPOL, we will aim for higher targets of 235.62 tomorrow.

However, if PREMIERPOL starts to trade below ₹217.65, then we will shift our focus to the sell side and aim for down targets of 209.29 and 199.68.