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

RBZ Jewellers Limited

Symbol: NSE:RBZJEWEL

ISIN: N/A

159.70

As on 2024-04-12

96.00 (52W Low) 249.30 (52W High)

RBZJEWEL's Today's Performance

RBZ Jewellers Limited started the day by opening at 160.95 today 2024-04-12. Its shares reached a high of 162.50 and dipped to a low of 159.10 in intraday. When the markets closed, RBZJEWEL’s stock price settled at ₹159.70 per share. Also check out its key support and resistance levels.

RBZJEWEL Buy/Sell Targets

Tomorrow, sell RBZJEWEL when its price reaches ₹ 159.70 with a stop-loss order at ₹ 163.10. You can set the target price as ₹ 156.30 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 RBZJEWEL 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 RBZJEWEL

Resistance Levels Value in ₹
Tomorrow Resistance 1 162
Tomorrow Resistance 2 164
Tomorrow Resistance 3 165

Important Supports for RBZJEWEL

Support Levels Value in ₹
Tomorrow Support 1 158
Tomorrow Support 2 157
Tomorrow Support 3 155
Based on where the stock opens tomorrow, if RBZJEWEL opens on a positive note, our first target will be ₹162. If Target 1 is achieved, we will aim for Target 2 which is ₹164.

But if RBZJEWEL falls below the average value of ₹160.43, you can enter a sell side position with target number 1 - ₹158 and second target - ₹157 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 RBZJEWEL

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

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

Tomorrow's Volume based share price Forecast for RBZJEWEL

RBZJEWEL'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 -45%.

Reversal detection for RBZJEWEL

Predicted trend chart of RBZJEWEL tomorrow for price forecast
RBZJEWEL may trend may continue to be bearish since stock is making lower low and we can get target of ₹161 in morning tomorrow
Target 1 tomorrow162
Target 2 tomorrow163
Target 3 tomorrow164
 

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 RBZJEWEL'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 RBZJEWEL opens on a positive note, our first target will be ₹161.77. If Target 1 is achieved, we will aim for Target 2 which is ₹163.83.

But if RBZJEWEL falls below the average value of ₹160.43, you can enter a sell side position with target number 1 - ₹158.37 and second target - ₹157.03

RBZJEWEL's Weekly Targets
1st Up Target 166.77
2nd Up Target 173.83
1st Down Target 155.07
2nd Down Target 150.43

As the week for RBZJEWEL ended on bearish sentiments, we can expect further continuation of this sentiment. RBZJEWEL's initial target will be 166.77 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 155.07 in the upcoming week.

Weekly OHLC Values
Open 168.30
High 169.20
Low 157.50
Close 159.70

Week for RBZJEWEL started with an open price of 168.30, and the close was at 159.70. RBZJEWEL reached the highest of 169.20 and dipped lowest up to 157.50 last week. This indicates a bearish sentiment for the week.

RBZJEWEL full month swing targets
Monthly Up Target 1 178.47
Monthly Up Target 2 185.53
Monthly Down Target 1 143.37
Monthly Down Target 2 127.03

Targets of ₹178.47 can be expected to be reached in the coming month. Once RBZJEWEL achieved this target, we can aim for the next upside target of ₹185.53.

RBZJEWEL if fails to hold upside, down targets of ₹143.37 and ₹127.03 can be achieved by end of this month.

For complete three weeks if RBZJEWEL 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 RBZJEWEL

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MARUTI Maruti Suzuki India Limited Auto Manufacturers
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TATAMOTORS Tata Motors Limited Auto Manufacturers
TITAN Titan Company Limited Luxury Goods
BAJAJ-AUTO Bajaj Auto Limited Auto Manufacturers

Summary

RBZJEWEL is expected to reach the target of 161.77 in tomorrow's trading session.

After achieving the initial target in RBZJEWEL, we will aim for higher targets of 163.83 tomorrow.

However, if RBZJEWEL starts to trade below ₹160.43, then we will shift our focus to the sell side and aim for down targets of 158.37 and 157.03.