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

Punjab Chemicals & Crop Protection Limited

Symbol: NSE:PUNJABCHEM

ISIN: INE277B01014

1,017.10

As on 2024-12-06

899.85 (52W Low) 1,575.00 (52W High)

PUNJABCHEM's Today's Performance

Punjab Chemicals & Crop Protection Limited started the day by opening at 1,043.30 today 2024-12-06. Its shares reached a high of 1,044.95 and dipped to a low of 1,004.40 in intraday. When the markets closed, PUNJABCHEM’s stock price settled at ₹1,017.10 per share. Also check out its key support and resistance levels.

PUNJABCHEM Buy/Sell Targets

Tomorrow, sell PUNJABCHEM when its price reaches ₹ 1,017.10 with a stop-loss order at ₹ 1,030.16. You can set the target price as ₹ 1,004.04 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 PUNJABCHEM 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 PUNJABCHEM

Downside Targets Value in ₹
Tomorrow Down Target 1 1,040
Tomorrow Down Target 2 1,063
Tomorrow Down Target 3 1,080

Important Levels for PUNJABCHEM

Holding Levels Value in ₹
Tomorrow Up Target 1 999
Tomorrow Up Target 2 982
Tomorrow Up Target 3 959
Based on where the stock opens tomorrow, if PUNJABCHEM opens on a positive note, our first target will be ₹1,040. If Target 1 is achieved, we will aim for Target 2 which is ₹1,063.

But if PUNJABCHEM falls below the average value of ₹1,022.15, you can enter a sell side position with target number 1 - ₹999 and second target - ₹982 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 PUNJABCHEM

Looking at PUNJABCHEM, we've seen a Increasing 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, PUNJABCHEM has been on a Downward path, giving us insights how its value changes in the market.

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

Tomorrow's Volume based share price Forecast for PUNJABCHEM

PUNJABCHEM's Volume is currently in a Increasing 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 -59%.

Reversal detection for PUNJABCHEM

Predicted trend chart of PUNJABCHEM tomorrow for price forecast
PUNJABCHEM may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹1039 in morning tomorrow
Target 1 tomorrow1038
Target 2 tomorrow1047
Target 3 tomorrow1063
 

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 PUNJABCHEM'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 PUNJABCHEM opens on a positive note, our first target will be ₹1,039.90. If Target 1 is achieved, we will aim for Target 2 which is ₹1,062.70.

But if PUNJABCHEM falls below the average value of ₹1,022.15, you can enter a sell side position with target number 1 - ₹999.35 and second target - ₹981.60

PUNJABCHEM's Weekly Targets
1st Up Target 1,053.10
2nd Up Target 1,089.10
1st Down Target 992.75
2nd Down Target 968.40

As the week for PUNJABCHEM ended on bearish sentiments, we can expect further continuation of this sentiment. PUNJABCHEM's initial target will be 1,053.10 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 992.75 in the upcoming week.

Weekly OHLC Values
Open 1,048.00
High 1,064.75
Low 1,004.40
Close 1,017.10

Week for PUNJABCHEM started with an open price of 1,048.00, and the close was at 1,017.10. PUNJABCHEM reached the highest of 1,064.75 and dipped lowest up to 1,004.40 last week. This indicates a bearish sentiment for the week.

PUNJABCHEM full month swing targets
Monthly Up Target 1 1,113.45
Monthly Up Target 2 1,149.45
Monthly Down Target 1 932.40
Monthly Down Target 2 847.70

Targets of ₹1,113.45 can be expected to be reached in the coming month. Once PUNJABCHEM achieved this target, we can aim for the next upside target of ₹1,149.45.

PUNJABCHEM if fails to hold upside, down targets of ₹932.40 and ₹847.70 can be achieved by end of this month.

For complete three weeks if PUNJABCHEM 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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GRASIM Grasim Industries Limited Building Materials

Summary

PUNJABCHEM is expected to reach the target of 1,039.90 in tomorrow's trading session.

After achieving the initial target in PUNJABCHEM, we will aim for higher targets of 1,062.70 tomorrow.

However, if PUNJABCHEM starts to trade below ₹1,022.15, then we will shift our focus to the sell side and aim for down targets of 999.35 and 981.60.