Stock Information Portal

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

Thirumalai Chemicals Limited

Symbol: NSE:TIRUMALCHM

ISIN: INE338A01024

319.35

As on 2024-07-24

184.80 (52W Low) 332.95 (52W High)

TIRUMALCHM's Today's Performance

Thirumalai Chemicals Limited started the day by opening at 302.20 today 2024-07-24. Its shares reached a high of 321.90 and dipped to a low of 301.55 in intraday. When the markets closed, TIRUMALCHM’s stock price settled at ₹319.35 per share. Also check out its key support and resistance levels.

TIRUMALCHM Buy/Sell Targets

Tomorrow, buy TIRUMALCHM when its price reaches ₹ 319.35 with a stop-loss order at ₹ 309.53. You can set the target price as ₹ 329.18 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 TIRUMALCHM 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 TIRUMALCHM

Downside Targets Value in ₹
Tomorrow Down Target 1 327
Tomorrow Down Target 2 335
Tomorrow Down Target 3 347

Important Levels for TIRUMALCHM

Holding Levels Value in ₹
Tomorrow Up Target 1 307
Tomorrow Up Target 2 294
Tomorrow Up Target 3 286
Based on where the stock opens tomorrow, if TIRUMALCHM opens on a positive note, our first target will be ₹327. If Target 1 is achieved, we will aim for Target 2 which is ₹335.

But if TIRUMALCHM falls below the average value of ₹314.27, you can enter a sell side position with target number 1 - ₹307 and second target - ₹294 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 TIRUMALCHM

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

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

Tomorrow's Volume based share price Forecast for TIRUMALCHM

TIRUMALCHM'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 72%.

Reversal detection for TIRUMALCHM

Predicted trend chart of TIRUMALCHM tomorrow for price forecast
TIRUMALCHM may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹300 in morning tomorrow
Target 1 tomorrow322
Target 2 tomorrow327
Target 3 tomorrow335
 

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 TIRUMALCHM'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 TIRUMALCHM opens on a positive note, our first target will be ₹326.98. If Target 1 is achieved, we will aim for Target 2 which is ₹334.62.

But if TIRUMALCHM falls below the average value of ₹314.27, you can enter a sell side position with target number 1 - ₹306.63 and second target - ₹293.92

TIRUMALCHM's Weekly Targets
1st Up Target 331.50
2nd Up Target 343.65
1st Down Target 297.60
2nd Down Target 275.85

As the week for TIRUMALCHM ended on bullish sentiments, we can expect further continuation of this sentiment. TIRUMALCHM's initial target will be 331.50 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 297.60 in the upcoming week.

Weekly OHLC Values
Open 292.15
High 321.90
Low 288.00
Close 319.35

Week for TIRUMALCHM started with an open price of 292.15, and the close was at 319.35. TIRUMALCHM reached the highest of 321.90 and dipped lowest up to 288.00 last week. This indicates a bullish sentiment for the week.

TIRUMALCHM full month swing targets
Monthly Up Target 1 365.40
Monthly Up Target 2 377.55
Monthly Down Target 1 263.70
Monthly Down Target 2 208.05

Targets of ₹365.40 can be expected to be reached in the coming month. Once TIRUMALCHM achieved this target, we can aim for the next upside target of ₹377.55.

TIRUMALCHM if fails to hold upside, down targets of ₹263.70 and ₹208.05 can be achieved by end of this month.

For complete three weeks if TIRUMALCHM 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 TIRUMALCHM

Symbol Name Industry
ULTRACEMCO UltraTech Cement Limited Building Materials
ASIANPAINT Asian Paints Limited Specialty Chemicals
JSWSTEEL JSW Steel Limited Steel
TATASTEEL Tata Steel Limited Steel
GRASIM Grasim Industries Limited Building Materials

Summary

TIRUMALCHM is expected to reach the target of 326.98 in tomorrow's trading session.

After achieving the initial target in TIRUMALCHM, we will aim for higher targets of 334.62 tomorrow.

However, if TIRUMALCHM starts to trade below ₹314.27, then we will shift our focus to the sell side and aim for down targets of 306.63 and 293.92.