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

TCNS Clothing Co. Limited

Symbol: NSE:TCNSBRANDS

ISIN: INE778U01029

392.55

As on 2024-04-16

329.00 (52W Low) 542.00 (52W High)

TCNSBRANDS's Today's Performance

TCNS Clothing Co. Limited started the day by opening at 389.40 today 2024-04-16. Its shares reached a high of 397.50 and dipped to a low of 385.20 in intraday. When the markets closed, TCNSBRANDS’s stock price settled at ₹392.55 per share. Also check out its key support and resistance levels.

TCNSBRANDS Buy/Sell Targets

Tomorrow, buy TCNSBRANDS when its price reaches ₹ 392.55 with a stop-loss order at ₹ 385.62. You can set the target price as ₹ 399.48 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 TCNSBRANDS 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 TCNSBRANDS

Resistance Levels Value in ₹
Tomorrow Resistance 1 398
Tomorrow Resistance 2 404
Tomorrow Resistance 3 411

Important Supports for TCNSBRANDS

Support Levels Value in ₹
Tomorrow Support 1 386
Tomorrow Support 2 379
Tomorrow Support 3 374
Based on where the stock opens tomorrow, if TCNSBRANDS opens on a positive note, our first target will be ₹398. If Target 1 is achieved, we will aim for Target 2 which is ₹404.

But if TCNSBRANDS falls below the average value of ₹391.75, you can enter a sell side position with target number 1 - ₹386 and second target - ₹379 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 TCNSBRANDS

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

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

Tomorrow's Volume based share price Forecast for TCNSBRANDS

TCNSBRANDS'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 -16%.

Reversal detection for TCNSBRANDS

Predicted trend chart of TCNSBRANDS tomorrow for price forecast
TCNSBRANDS may trend may continue to be bullish since stock is making higher highs and we can get target of ₹388 in morning tomorrow
Target 1 tomorrow396
Target 2 tomorrow399
Target 3 tomorrow404
 

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 TCNSBRANDS'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 TCNSBRANDS opens on a positive note, our first target will be ₹398.30. If Target 1 is achieved, we will aim for Target 2 which is ₹404.05.

But if TCNSBRANDS falls below the average value of ₹391.75, you can enter a sell side position with target number 1 - ₹386.00 and second target - ₹379.45

TCNSBRANDS's Weekly Targets
1st Up Target 399.98
2nd Up Target 407.42
1st Down Target 382.63
2nd Down Target 372.72

As the week for TCNSBRANDS ended on bullish sentiments, we can expect further continuation of this sentiment. TCNSBRANDS's initial target will be 399.98 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 382.63 in the upcoming week.

Weekly OHLC Values
Open 387.00
High 397.50
Low 380.15
Close 392.55

Week for TCNSBRANDS started with an open price of 387.00, and the close was at 392.55. TCNSBRANDS reached the highest of 397.50 and dipped lowest up to 380.15 last week. This indicates a bullish sentiment for the week.

TCNSBRANDS full month swing targets
Monthly Up Target 1 417.33
Monthly Up Target 2 424.77
Monthly Down Target 1 365.28
Monthly Down Target 2 338.02

Targets of ₹417.33 can be expected to be reached in the coming month. Once TCNSBRANDS achieved this target, we can aim for the next upside target of ₹424.77.

TCNSBRANDS if fails to hold upside, down targets of ₹365.28 and ₹338.02 can be achieved by end of this month.

For complete three weeks if TCNSBRANDS 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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TITAN Titan Company Limited Luxury Goods
BAJAJ-AUTO Bajaj Auto Limited Auto Manufacturers

Summary

TCNSBRANDS is expected to reach the target of 398.30 in tomorrow's trading session.

After achieving the initial target in TCNSBRANDS, we will aim for higher targets of 404.05 tomorrow.

However, if TCNSBRANDS starts to trade below ₹391.75, then we will shift our focus to the sell side and aim for down targets of 386.00 and 379.45.