Price and trend forecast of TFCILTD for Tomorrow, Weekly, Monthly
Tourism Finance Corporation of India Limited
Symbol: NSE:TFCILTD
ISIN: INE305A01015
157.47
As on 2024-10-04
TFCILTD's Today's Performance
Tourism Finance Corporation of India Limited started the day by opening at 159.50 today 2024-10-04. Its shares reached a high of 161.08 and dipped to a low of 157.00 in intraday. When the markets closed, TFCILTD’s stock price settled at ₹157.47 per share. Also check out its key support and resistance levels.
TFCILTD Buy/Sell Targets
Tomorrow, sell TFCILTD when its price reaches ₹ 157.47 with a stop-loss order at ₹ 159.66. You can set the target price as ₹ 155.28 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 TFCILTD 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 TFCILTD
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 160 |
| Tomorrow Down Target 2 | 163 |
| Tomorrow Down Target 3 | 164 |
Important Levels for TFCILTD
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 156 |
| Tomorrow Up Target 2 | 154 |
| Tomorrow Up Target 3 | 152 |
Based on where the stock opens tomorrow, if TFCILTD opens on a positive note, our first target will be ₹160. If Target 1 is achieved, we will aim for Target 2 which is ₹163.
But if TFCILTD falls below the average value of ₹158.52, you can enter a sell side position with target number 1 - ₹156 and second target - ₹154 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 TFCILTD
Looking at TFCILTD, 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, TFCILTD has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for TFCILTD is moderate bearish.
Tomorrow's Volume based share price Forecast for TFCILTD
TFCILTD'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 88%.
Reversal detection for TFCILTD
TFCILTD may trend may continue to be bearish since stock is making lower low and we can get target of ₹161 in morning tomorrow
| Target 1 tomorrow | 160 |
| Target 2 tomorrow | 161 |
| Target 3 tomorrow | 163 |
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 TFCILTD'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 TFCILTD opens on a positive note, our first target will be ₹160.03. If Target 1 is achieved, we will aim for Target 2 which is ₹162.60.
But if TFCILTD falls below the average value of ₹158.52, you can enter a sell side position with target number 1 - ₹155.95 and second target - ₹154.44
TFCILTD's Weekly Targets
| 1st Up Target | 164.99 |
| 2nd Up Target | 172.50 |
| 1st Down Target | 153.48 |
| 2nd Down Target | 149.48 |
As the week for TFCILTD ended on bearish sentiments, we can expect further continuation of this sentiment. TFCILTD's initial target will be 164.99 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 153.48 in the upcoming week.
Weekly OHLC Values
| Open | 167.35 |
| High | 168.51 |
| Low | 157.00 |
| Close | 157.47 |
Week for TFCILTD started with an open price of 167.35, and the close was at 157.47. TFCILTD reached the highest of 168.51 and dipped lowest up to 157.00 last week. This indicates a bearish sentiment for the week.
TFCILTD full month swing targets
| Monthly Up Target 1 | 176.50 |
| Monthly Up Target 2 | 184.01 |
| Monthly Down Target 1 | 141.97 |
| Monthly Down Target 2 | 126.46 |
Targets of ₹176.50 can be expected to be reached in the coming month. Once TFCILTD achieved this target, we can aim for the next upside target of ₹184.01.
TFCILTD if fails to hold upside, down targets of ₹141.97 and ₹126.46 can be achieved by end of this month.
For complete three weeks if TFCILTD 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 TFCILTD
| Symbol | Name | Industry |
|---|---|---|
| HDFCBANK | HDFC Bank Limited | Banks - Regional |
| ICICIBANK | ICICI Bank Limited | Banks - Regional |
| SBIN | State Bank of India | Banks - Regional |
| LICI | Life Insurance Corporation Of India | Insurance - Life |
| BAJFINANCE | Bajaj Finance Limited | Credit Services |
Summary
TFCILTD is expected to reach the target of 160.03 in tomorrow's trading session.
After achieving the initial target in TFCILTD, we will aim for higher targets of 162.60 tomorrow.
However, if TFCILTD starts to trade below ₹158.52, then we will shift our focus to the sell side and aim for down targets of 155.95 and 154.44.