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

Rossell India Limited

Symbol: NSE:ROSSELLIND

ISIN: INE847C01020

406.00

As on 2024-04-12

243.10 (52W Low) 549.00 (52W High)

ROSSELLIND's Today's Performance

Rossell India Limited started the day by opening at 400.60 today 2024-04-12. Its shares reached a high of 411.15 and dipped to a low of 400.30 in intraday. When the markets closed, ROSSELLIND’s stock price settled at ₹406.00 per share. Also check out its key support and resistance levels.

ROSSELLIND Buy/Sell Targets

Tomorrow, buy ROSSELLIND when its price reaches ₹ 406.00 with a stop-loss order at ₹ 399.76. You can set the target price as ₹ 412.24 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 ROSSELLIND 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 ROSSELLIND

Resistance Levels Value in ₹
Tomorrow Resistance 1 411
Tomorrow Resistance 2 417
Tomorrow Resistance 3 422

Important Supports for ROSSELLIND

Support Levels Value in ₹
Tomorrow Support 1 400
Tomorrow Support 2 395
Tomorrow Support 3 390
Based on where the stock opens tomorrow, if ROSSELLIND opens on a positive note, our first target will be ₹411. If Target 1 is achieved, we will aim for Target 2 which is ₹417.

But if ROSSELLIND falls below the average value of ₹405.82, you can enter a sell side position with target number 1 - ₹400 and second target - ₹395 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 ROSSELLIND

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

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

Tomorrow's Volume based share price Forecast for ROSSELLIND

ROSSELLIND'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 -14%.

Reversal detection for ROSSELLIND

Predicted trend chart of ROSSELLIND tomorrow for price forecast
ROSSELLIND may trend may continue to be bullish since stock is making higher highs and we can get target of ₹403 in morning tomorrow
Target 1 tomorrow410
Target 2 tomorrow413
Target 3 tomorrow417
 

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 ROSSELLIND'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 ROSSELLIND opens on a positive note, our first target will be ₹411.33. If Target 1 is achieved, we will aim for Target 2 which is ₹416.67.

But if ROSSELLIND falls below the average value of ₹405.82, you can enter a sell side position with target number 1 - ₹400.48 and second target - ₹394.97

ROSSELLIND's Weekly Targets
1st Up Target 413.63
2nd Up Target 421.27
1st Down Target 395.88
2nd Down Target 385.77

As the week for ROSSELLIND ended on bearish sentiments, we can expect further continuation of this sentiment. ROSSELLIND's initial target will be 413.63 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 395.88 in the upcoming week.

Weekly OHLC Values
Open 408.00
High 411.15
Low 393.40
Close 406.00

Week for ROSSELLIND started with an open price of 408.00, and the close was at 406.00. ROSSELLIND reached the highest of 411.15 and dipped lowest up to 393.40 last week. This indicates a bearish sentiment for the week.

ROSSELLIND full month swing targets
Monthly Up Target 1 431.38
Monthly Up Target 2 439.02
Monthly Down Target 1 378.13
Monthly Down Target 2 350.27

Targets of ₹431.38 can be expected to be reached in the coming month. Once ROSSELLIND achieved this target, we can aim for the next upside target of ₹439.02.

ROSSELLIND if fails to hold upside, down targets of ₹378.13 and ₹350.27 can be achieved by end of this month.

For complete three weeks if ROSSELLIND 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

ROSSELLIND is expected to reach the target of 411.33 in tomorrow's trading session.

After achieving the initial target in ROSSELLIND, we will aim for higher targets of 416.67 tomorrow.

However, if ROSSELLIND starts to trade below ₹405.82, then we will shift our focus to the sell side and aim for down targets of 400.48 and 394.97.