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

Transport Corporation of India Limited

Symbol: NSE:TCI

ISIN: INE688A01022

916.75

As on 2024-06-13

757.65 (52W Low) 1,700.85 (52W High)

TCI's Today's Performance

Transport Corporation of India Limited started the day by opening at 917.35 today 2024-06-13. Its shares reached a high of 924.45 and dipped to a low of 914.00 in intraday. When the markets closed, TCI’s stock price settled at ₹916.75 per share. Also check out its key support and resistance levels.

TCI Buy/Sell Targets

Tomorrow, buy TCI when its price reaches ₹ 916.75 with a stop-loss order at ₹ 909.48. You can set the target price as ₹ 924.03 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 TCI 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 TCI

Downside Targets Value in ₹
Tomorrow Down Target 1 923
Tomorrow Down Target 2 929
Tomorrow Down Target 3 933

Important Levels for TCI

Holding Levels Value in ₹
Tomorrow Up Target 1 912
Tomorrow Up Target 2 908
Tomorrow Up Target 3 902
Based on where the stock opens tomorrow, if TCI opens on a positive note, our first target will be ₹923. If Target 1 is achieved, we will aim for Target 2 which is ₹929.

But if TCI falls below the average value of ₹918.40, you can enter a sell side position with target number 1 - ₹912 and second target - ₹908 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 TCI

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

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

Tomorrow's Volume based share price Forecast for TCI

TCI'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 -74%.

Reversal detection for TCI

Predicted trend chart of TCI tomorrow for price forecast
TCI may trend may continue to be bullish since stock is making higher highs and we can get target of ₹913 in morning tomorrow
Target 1 tomorrow922
Target 2 tomorrow925
Target 3 tomorrow929
 

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 TCI'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 TCI opens on a positive note, our first target will be ₹922.80. If Target 1 is achieved, we will aim for Target 2 which is ₹928.85.

But if TCI falls below the average value of ₹918.40, you can enter a sell side position with target number 1 - ₹912.35 and second target - ₹907.95

TCI's Weekly Targets
1st Up Target 926.58
2nd Up Target 936.42
1st Down Target 904.78
2nd Down Target 892.82

As the week for TCI ended on bearish sentiments, we can expect further continuation of this sentiment. TCI's initial target will be 926.58 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 904.78 in the upcoming week.

Weekly OHLC Values
Open 918.50
High 924.45
Low 902.65
Close 916.75

Week for TCI started with an open price of 918.50, and the close was at 916.75. TCI reached the highest of 924.45 and dipped lowest up to 902.65 last week. This indicates a bearish sentiment for the week.

TCI full month swing targets
Monthly Up Target 1 948.38
Monthly Up Target 2 958.22
Monthly Down Target 1 882.98
Monthly Down Target 2 849.22

Targets of ₹948.38 can be expected to be reached in the coming month. Once TCI achieved this target, we can aim for the next upside target of ₹958.22.

TCI if fails to hold upside, down targets of ₹882.98 and ₹849.22 can be achieved by end of this month.

For complete three weeks if TCI 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 TCI

Symbol Name Industry
LT Larsen & Toubro Limited Engineering & Construction
ADANIPORTS Adani Ports and Special Economic Zone Limited Marine Shipping
HAL Hindustan Aeronautics Limited Aerospace & Defense
SIEMENS Siemens Limited Specialty Industrial Machinery
BEL Bharat Electronics Limited Aerospace & Defense

Summary

TCI is expected to reach the target of 922.80 in tomorrow's trading session.

After achieving the initial target in TCI, we will aim for higher targets of 928.85 tomorrow.

However, if TCI starts to trade below ₹918.40, then we will shift our focus to the sell side and aim for down targets of 912.35 and 907.95.