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

The Investment Trust Of India Limited

Symbol: NSE:THEINVEST

ISIN: INE924D01017

178.97

As on 2024-07-24

74.10 (52W Low) 198.80 (52W High)

THEINVEST's Today's Performance

The Investment Trust Of India Limited started the day by opening at 173.10 today 2024-07-24. Its shares reached a high of 179.50 and dipped to a low of 170.05 in intraday. When the markets closed, THEINVEST’s stock price settled at ₹178.97 per share. Also check out its key support and resistance levels.

THEINVEST Buy/Sell Targets

Tomorrow, buy THEINVEST when its price reaches ₹ 178.97 with a stop-loss order at ₹ 174.68. You can set the target price as ₹ 183.26 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 THEINVEST 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 THEINVEST

Downside Targets Value in ₹
Tomorrow Down Target 1 182
Tomorrow Down Target 2 186
Tomorrow Down Target 3 192

Important Levels for THEINVEST

Holding Levels Value in ₹
Tomorrow Up Target 1 173
Tomorrow Up Target 2 167
Tomorrow Up Target 3 163
Based on where the stock opens tomorrow, if THEINVEST opens on a positive note, our first target will be ₹182. If Target 1 is achieved, we will aim for Target 2 which is ₹186.

But if THEINVEST falls below the average value of ₹176.17, you can enter a sell side position with target number 1 - ₹173 and second target - ₹167 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 THEINVEST

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

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

Tomorrow's Volume based share price Forecast for THEINVEST

THEINVEST'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 THEINVEST

Predicted trend chart of THEINVEST tomorrow for price forecast
THEINVEST may trend may continue to be bullish since stock is making higher highs and we can get target of ₹172 in morning tomorrow
Target 1 tomorrow180
Target 2 tomorrow182
Target 3 tomorrow186
 

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 THEINVEST'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 THEINVEST opens on a positive note, our first target will be ₹182.30. If Target 1 is achieved, we will aim for Target 2 which is ₹185.62.

But if THEINVEST falls below the average value of ₹176.17, you can enter a sell side position with target number 1 - ₹172.85 and second target - ₹166.72

THEINVEST's Weekly Targets
1st Up Target 183.48
2nd Up Target 187.99
1st Down Target 170.48
2nd Down Target 161.99

As the week for THEINVEST ended on bullish sentiments, we can expect further continuation of this sentiment. THEINVEST's initial target will be 183.48 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 170.48 in the upcoming week.

Weekly OHLC Values
Open 170.00
High 179.50
Low 166.50
Close 178.97

Week for THEINVEST started with an open price of 170.00, and the close was at 178.97. THEINVEST reached the highest of 179.50 and dipped lowest up to 166.50 last week. This indicates a bullish sentiment for the week.

THEINVEST full month swing targets
Monthly Up Target 1 196.48
Monthly Up Target 2 200.99
Monthly Down Target 1 157.48
Monthly Down Target 2 135.99

Targets of ₹196.48 can be expected to be reached in the coming month. Once THEINVEST achieved this target, we can aim for the next upside target of ₹200.99.

THEINVEST if fails to hold upside, down targets of ₹157.48 and ₹135.99 can be achieved by end of this month.

For complete three weeks if THEINVEST 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

THEINVEST is expected to reach the target of 182.30 in tomorrow's trading session.

After achieving the initial target in THEINVEST, we will aim for higher targets of 185.62 tomorrow.

However, if THEINVEST starts to trade below ₹176.17, then we will shift our focus to the sell side and aim for down targets of 172.85 and 166.72.