Stock Information Portal

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

Privi Speciality Chemicals Limited

Symbol: NSE:PRIVISCL

ISIN: INE959A01019

1,141.25

As on 2024-05-17

975.00 (52W Low) 1,371.00 (52W High)

PRIVISCL's Today's Performance

Privi Speciality Chemicals Limited started the day by opening at 1,134.80 today 2024-05-17. Its shares reached a high of 1,152.15 and dipped to a low of 1,129.00 in intraday. When the markets closed, PRIVISCL’s stock price settled at ₹1,141.25 per share. Also check out its key support and resistance levels.

PRIVISCL Buy/Sell Targets

Tomorrow, buy PRIVISCL when its price reaches ₹ 1,141.25 with a stop-loss order at ₹ 1,129.84. You can set the target price as ₹ 1,152.66 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 PRIVISCL 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 PRIVISCL

Downside Targets Value in ₹
Tomorrow Down Target 1 1,153
Tomorrow Down Target 2 1,164
Tomorrow Down Target 3 1,176

Important Levels for PRIVISCL

Holding Levels Value in ₹
Tomorrow Up Target 1 1,129
Tomorrow Up Target 2 1,118
Tomorrow Up Target 3 1,106
Based on where the stock opens tomorrow, if PRIVISCL opens on a positive note, our first target will be ₹1,153. If Target 1 is achieved, we will aim for Target 2 which is ₹1,164.

But if PRIVISCL falls below the average value of ₹1,140.80, you can enter a sell side position with target number 1 - ₹1,129 and second target - ₹1,118 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 PRIVISCL

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

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

Tomorrow's Volume based share price Forecast for PRIVISCL

PRIVISCL'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 -81%.

Reversal detection for PRIVISCL

Predicted trend chart of PRIVISCL tomorrow for price forecast
PRIVISCL may trend may continue to be bullish since stock is making higher highs and we can get target of ₹1132 in morning tomorrow
Target 1 tomorrow1150
Target 2 tomorrow1155
Target 3 tomorrow1164
 

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 PRIVISCL'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 PRIVISCL opens on a positive note, our first target will be ₹1,152.60. If Target 1 is achieved, we will aim for Target 2 which is ₹1,163.95.

But if PRIVISCL falls below the average value of ₹1,140.80, you can enter a sell side position with target number 1 - ₹1,129.45 and second target - ₹1,117.65

PRIVISCL's Weekly Targets
1st Up Target 1,158.95
2nd Up Target 1,176.65
1st Down Target 1,116.75
2nd Down Target 1,092.25

As the week for PRIVISCL ended on bearish sentiments, we can expect further continuation of this sentiment. PRIVISCL's initial target will be 1,158.95 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 1,116.75 in the upcoming week.

Weekly OHLC Values
Open 1,151.20
High 1,152.15
Low 1,109.95
Close 1,141.25

Week for PRIVISCL started with an open price of 1,151.20, and the close was at 1,141.25. PRIVISCL reached the highest of 1,152.15 and dipped lowest up to 1,109.95 last week. This indicates a bearish sentiment for the week.

PRIVISCL full month swing targets
Monthly Up Target 1 1,201.15
Monthly Up Target 2 1,218.85
Monthly Down Target 1 1,074.55
Monthly Down Target 2 1,007.85

Targets of ₹1,201.15 can be expected to be reached in the coming month. Once PRIVISCL achieved this target, we can aim for the next upside target of ₹1,218.85.

PRIVISCL if fails to hold upside, down targets of ₹1,074.55 and ₹1,007.85 can be achieved by end of this month.

For complete three weeks if PRIVISCL 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.

Related Stocks in the Same Sector as PRIVISCL

Symbol Name Industry
ULTRACEMCO UltraTech Cement Limited Building Materials
ASIANPAINT Asian Paints Limited Specialty Chemicals
JSWSTEEL JSW Steel Limited Steel
TATASTEEL Tata Steel Limited Steel
GRASIM Grasim Industries Limited Building Materials

Summary

PRIVISCL is expected to reach the target of 1,152.60 in tomorrow's trading session.

After achieving the initial target in PRIVISCL, we will aim for higher targets of 1,163.95 tomorrow.

However, if PRIVISCL starts to trade below ₹1,140.80, then we will shift our focus to the sell side and aim for down targets of 1,129.45 and 1,117.65.