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

Pritika Auto Industries Limited

Symbol: NSE:PRITIKAUTO

ISIN: INE583R01029

28.48

As on 2024-12-06

22.89 (52W Low) 53.50 (52W High)

PRITIKAUTO's Today's Performance

Pritika Auto Industries Limited started the day by opening at 29.23 today 2024-12-06. Its shares reached a high of 29.69 and dipped to a low of 28.06 in intraday. When the markets closed, PRITIKAUTO’s stock price settled at ₹28.48 per share. Also check out its key support and resistance levels.

PRITIKAUTO Buy/Sell Targets

Tomorrow, sell PRITIKAUTO when its price reaches ₹ 28.48 with a stop-loss order at ₹ 29.50. You can set the target price as ₹ 27.46 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 PRITIKAUTO 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 PRITIKAUTO

Downside Targets Value in ₹
Tomorrow Down Target 1 29
Tomorrow Down Target 2 30
Tomorrow Down Target 3 31

Important Levels for PRITIKAUTO

Holding Levels Value in ₹
Tomorrow Up Target 1 28
Tomorrow Up Target 2 27
Tomorrow Up Target 3 26
Based on where the stock opens tomorrow, if PRITIKAUTO opens on a positive note, our first target will be ₹29. If Target 1 is achieved, we will aim for Target 2 which is ₹30.

But if PRITIKAUTO falls below the average value of ₹28.74, you can enter a sell side position with target number 1 - ₹28 and second target - ₹27 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 PRITIKAUTO

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

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

Tomorrow's Volume based share price Forecast for PRITIKAUTO

PRITIKAUTO'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 -55%.

Reversal detection for PRITIKAUTO

Predicted trend chart of PRITIKAUTO tomorrow for price forecast
PRITIKAUTO may trend may continue to be bearish since stock is making lower low and we can get target of ₹28 in morning tomorrow
Target 1 tomorrow29
Target 2 tomorrow30
Target 3 tomorrow30
 

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 PRITIKAUTO'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 PRITIKAUTO opens on a positive note, our first target will be ₹29.43. If Target 1 is achieved, we will aim for Target 2 which is ₹30.37.

But if PRITIKAUTO falls below the average value of ₹28.74, you can enter a sell side position with target number 1 - ₹27.80 and second target - ₹27.11

PRITIKAUTO's Weekly Targets
1st Up Target 30.01
2nd Up Target 31.55
1st Down Target 26.62
2nd Down Target 24.77

As the week for PRITIKAUTO ended on bullish sentiments, we can expect further continuation of this sentiment. PRITIKAUTO's initial target will be 30.01 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 26.62 in the upcoming week.

Weekly OHLC Values
Open 26.51
High 29.69
Low 26.30
Close 28.48

Week for PRITIKAUTO started with an open price of 26.51, and the close was at 28.48. PRITIKAUTO reached the highest of 29.69 and dipped lowest up to 26.30 last week. This indicates a bullish sentiment for the week.

PRITIKAUTO full month swing targets
Monthly Up Target 1 33.40
Monthly Up Target 2 34.94
Monthly Down Target 1 23.23
Monthly Down Target 2 17.99

Targets of ₹33.40 can be expected to be reached in the coming month. Once PRITIKAUTO achieved this target, we can aim for the next upside target of ₹34.94.

PRITIKAUTO if fails to hold upside, down targets of ₹23.23 and ₹17.99 can be achieved by end of this month.

For complete three weeks if PRITIKAUTO 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

PRITIKAUTO is expected to reach the target of 29.43 in tomorrow's trading session.

After achieving the initial target in PRITIKAUTO, we will aim for higher targets of 30.37 tomorrow.

However, if PRITIKAUTO starts to trade below ₹28.74, then we will shift our focus to the sell side and aim for down targets of 27.80 and 27.11.