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

Texmaco Infrastructure & Holdings Limited

Symbol: NSE:TEXINFRA

ISIN: INE435C01024

128.05

As on 2024-07-19

63.60 (52W Low) 150.95 (52W High)

TEXINFRA's Today's Performance

Texmaco Infrastructure & Holdings Limited started the day by opening at 130.56 today 2024-07-19. Its shares reached a high of 132.50 and dipped to a low of 126.30 in intraday. When the markets closed, TEXINFRA’s stock price settled at ₹128.05 per share. Also check out its key support and resistance levels.

TEXINFRA Buy/Sell Targets

Tomorrow, sell TEXINFRA when its price reaches ₹ 128.05 with a stop-loss order at ₹ 130.79. You can set the target price as ₹ 125.31 to capture potential gains. This sell 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 TEXINFRA 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 TEXINFRA

Downside Targets Value in ₹
Tomorrow Down Target 1 132
Tomorrow Down Target 2 135
Tomorrow Down Target 3 138

Important Levels for TEXINFRA

Holding Levels Value in ₹
Tomorrow Up Target 1 125
Tomorrow Up Target 2 123
Tomorrow Up Target 3 119
Based on where the stock opens tomorrow, if TEXINFRA opens on a positive note, our first target will be ₹132. If Target 1 is achieved, we will aim for Target 2 which is ₹135.

But if TEXINFRA falls below the average value of ₹128.95, you can enter a sell side position with target number 1 - ₹125 and second target - ₹123 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 TEXINFRA

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

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

Tomorrow's Volume based share price Forecast for TEXINFRA

TEXINFRA'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 28%.

Reversal detection for TEXINFRA

Predicted trend chart of TEXINFRA tomorrow for price forecast
TEXINFRA may trend may continue to be bearish since stock is making lower low and we can get target of ₹132 in morning tomorrow
Target 1 tomorrow131
Target 2 tomorrow133
Target 3 tomorrow135
 

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 TEXINFRA'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 TEXINFRA opens on a positive note, our first target will be ₹131.60. If Target 1 is achieved, we will aim for Target 2 which is ₹135.15.

But if TEXINFRA falls below the average value of ₹128.95, you can enter a sell side position with target number 1 - ₹125.40 and second target - ₹122.75

TEXINFRA's Weekly Targets
1st Up Target 135.55
2nd Up Target 143.04
1st Down Target 123.43
2nd Down Target 118.80

As the week for TEXINFRA ended on bearish sentiments, we can expect further continuation of this sentiment. TEXINFRA's initial target will be 135.55 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 123.43 in the upcoming week.

Weekly OHLC Values
Open 134.69
High 138.42
Low 126.30
Close 128.05

Week for TEXINFRA started with an open price of 134.69, and the close was at 128.05. TEXINFRA reached the highest of 138.42 and dipped lowest up to 126.30 last week. This indicates a bearish sentiment for the week.

TEXINFRA full month swing targets
Monthly Up Target 1 147.67
Monthly Up Target 2 155.16
Monthly Down Target 1 111.31
Monthly Down Target 2 94.56

Targets of ₹147.67 can be expected to be reached in the coming month. Once TEXINFRA achieved this target, we can aim for the next upside target of ₹155.16.

TEXINFRA if fails to hold upside, down targets of ₹111.31 and ₹94.56 can be achieved by end of this month.

For complete three weeks if TEXINFRA 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 TEXINFRA

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GODREJPROP Godrej Properties Limited Real Estate - Development
OBEROIRLTY Oberoi Realty Limited Real Estate - Development
PHOENIXLTD The Phoenix Mills Limited Real Estate - Diversified

Summary

TEXINFRA is expected to reach the target of 131.60 in tomorrow's trading session.

After achieving the initial target in TEXINFRA, we will aim for higher targets of 135.15 tomorrow.

However, if TEXINFRA starts to trade below ₹128.95, then we will shift our focus to the sell side and aim for down targets of 125.40 and 122.75.