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

Techno Electric & Engineering Company Limited

Symbol: NSE:TECHNOE

ISIN: INE285K01026

922.65

As on 2024-04-19

337.30 (52W Low) 946.00 (52W High)

TECHNOE's Today's Performance

Techno Electric & Engineering Company Limited started the day by opening at 917.25 today 2024-04-19. Its shares reached a high of 946.00 and dipped to a low of 917.00 in intraday. When the markets closed, TECHNOE’s stock price settled at ₹922.65 per share. Also check out its key support and resistance levels.

TECHNOE Buy/Sell Targets

Tomorrow, buy TECHNOE when its price reaches ₹ 922.65 with a stop-loss order at ₹ 897.93. You can set the target price as ₹ 947.38 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 TECHNOE 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 TECHNOE

Downside Targets Value in ₹
Tomorrow Down Target 1 940
Tomorrow Down Target 2 958
Tomorrow Down Target 3 969

Important Levels for TECHNOE

Holding Levels Value in ₹
Tomorrow Up Target 1 911
Tomorrow Up Target 2 900
Tomorrow Up Target 3 882
Based on where the stock opens tomorrow, if TECHNOE opens on a positive note, our first target will be ₹940. If Target 1 is achieved, we will aim for Target 2 which is ₹958.

But if TECHNOE falls below the average value of ₹928.55, you can enter a sell side position with target number 1 - ₹911 and second target - ₹900 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 TECHNOE

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

Based on this, the predicted sentiment for TECHNOE is strong bullish.

Tomorrow's Volume based share price Forecast for TECHNOE

TECHNOE's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 81%.

Reversal detection for TECHNOE

Predicted trend chart of TECHNOE tomorrow for price forecast
TECHNOE may trend may continue to be bullish since stock is making higher highs and we can get target of ₹909 in morning tomorrow
Target 1 tomorrow940
Target 2 tomorrow946
Target 3 tomorrow958
 

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 TECHNOE'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 TECHNOE opens on a positive note, our first target will be ₹940.10. If Target 1 is achieved, we will aim for Target 2 which is ₹957.55.

But if TECHNOE falls below the average value of ₹928.55, you can enter a sell side position with target number 1 - ₹911.10 and second target - ₹899.55

TECHNOE's Weekly Targets
1st Up Target 982.10
2nd Up Target 1,041.55
1st Down Target 827.10
2nd Down Target 731.55

As the week for TECHNOE ended on bullish sentiments, we can expect further continuation of this sentiment. TECHNOE's initial target will be 982.10 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 827.10 in the upcoming week.

Weekly OHLC Values
Open 805.00
High 946.00
Low 791.00
Close 922.65

Week for TECHNOE started with an open price of 805.00, and the close was at 922.65. TECHNOE reached the highest of 946.00 and dipped lowest up to 791.00 last week. This indicates a bullish sentiment for the week.

TECHNOE full month swing targets
Monthly Up Target 1 1,137.10
Monthly Up Target 2 1,196.55
Monthly Down Target 1 672.10
Monthly Down Target 2 421.55

Targets of ₹1,137.10 can be expected to be reached in the coming month. Once TECHNOE achieved this target, we can aim for the next upside target of ₹1,196.55.

TECHNOE if fails to hold upside, down targets of ₹672.10 and ₹421.55 can be achieved by end of this month.

For complete three weeks if TECHNOE 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

TECHNOE is expected to reach the target of 940.10 in tomorrow's trading session.

After achieving the initial target in TECHNOE, we will aim for higher targets of 957.55 tomorrow.

However, if TECHNOE starts to trade below ₹928.55, then we will shift our focus to the sell side and aim for down targets of 911.10 and 899.55.