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

Shree Pushkar Chemicals & Fertilisers Limited

Symbol: NSE:SHREEPUSHK

ISIN: INE712K01011

175.30

As on 2024-04-16

155.15 (52W Low) 242.00 (52W High)

SHREEPUSHK's Today's Performance

Shree Pushkar Chemicals & Fertilisers Limited started the day by opening at 174.75 today 2024-04-16. Its shares reached a high of 178.00 and dipped to a low of 173.05 in intraday. When the markets closed, SHREEPUSHK’s stock price settled at ₹175.30 per share. Also check out its key support and resistance levels.

SHREEPUSHK Buy/Sell Targets

Tomorrow, buy SHREEPUSHK when its price reaches ₹ 175.30 with a stop-loss order at ₹ 171.92. You can set the target price as ₹ 178.68 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 SHREEPUSHK 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 SHREEPUSHK

Resistance Levels Value in ₹
Tomorrow Resistance 1 178
Tomorrow Resistance 2 180
Tomorrow Resistance 3 183

Important Supports for SHREEPUSHK

Support Levels Value in ₹
Tomorrow Support 1 173
Tomorrow Support 2 171
Tomorrow Support 3 168
Based on where the stock opens tomorrow, if SHREEPUSHK opens on a positive note, our first target will be ₹178. If Target 1 is achieved, we will aim for Target 2 which is ₹180.

But if SHREEPUSHK falls below the average value of ₹175.45, you can enter a sell side position with target number 1 - ₹173 and second target - ₹171 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 SHREEPUSHK

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

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

Tomorrow's Volume based share price Forecast for SHREEPUSHK

SHREEPUSHK'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 -45%.

Reversal detection for SHREEPUSHK

Predicted trend chart of SHREEPUSHK tomorrow for price forecast
SHREEPUSHK may trend may continue to be bullish since stock is making higher highs and we can get target of ₹175 in morning tomorrow
Target 1 tomorrow177
Target 2 tomorrow179
Target 3 tomorrow180
 

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 SHREEPUSHK'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 SHREEPUSHK opens on a positive note, our first target will be ₹177.85. If Target 1 is achieved, we will aim for Target 2 which is ₹180.40.

But if SHREEPUSHK falls below the average value of ₹175.45, you can enter a sell side position with target number 1 - ₹172.90 and second target - ₹170.50

SHREEPUSHK's Weekly Targets
1st Up Target 179.30
2nd Up Target 183.30
1st Down Target 171.15
2nd Down Target 167.00

As the week for SHREEPUSHK ended on bearish sentiments, we can expect further continuation of this sentiment. SHREEPUSHK's initial target will be 179.30 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 171.15 in the upcoming week.

Weekly OHLC Values
Open 176.00
High 179.15
Low 171.00
Close 175.30

Week for SHREEPUSHK started with an open price of 176.00, and the close was at 175.30. SHREEPUSHK reached the highest of 179.15 and dipped lowest up to 171.00 last week. This indicates a bearish sentiment for the week.

SHREEPUSHK full month swing targets
Monthly Up Target 1 187.45
Monthly Up Target 2 191.45
Monthly Down Target 1 163.00
Monthly Down Target 2 150.70

Targets of ₹187.45 can be expected to be reached in the coming month. Once SHREEPUSHK achieved this target, we can aim for the next upside target of ₹191.45.

SHREEPUSHK if fails to hold upside, down targets of ₹163.00 and ₹150.70 can be achieved by end of this month.

For complete three weeks if SHREEPUSHK 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

SHREEPUSHK is expected to reach the target of 177.85 in tomorrow's trading session.

After achieving the initial target in SHREEPUSHK, we will aim for higher targets of 180.40 tomorrow.

However, if SHREEPUSHK starts to trade below ₹175.45, then we will shift our focus to the sell side and aim for down targets of 172.90 and 170.50.