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

Titagarh Rail Systems Limited

Symbol: NSE:TITAGARH

ISIN: INE615H01020

1,224.35

As on 2024-05-17

321.00 (52W Low) 1,309.60 (52W High)

TITAGARH's Today's Performance

Titagarh Rail Systems Limited started the day by opening at 1,227.15 today 2024-05-17. Its shares reached a high of 1,309.60 and dipped to a low of 1,200.00 in intraday. When the markets closed, TITAGARH’s stock price settled at ₹1,224.35 per share. Also check out its key support and resistance levels.

TITAGARH Buy/Sell Targets

Tomorrow, buy TITAGARH when its price reaches ₹ 1,224.35 with a stop-loss order at ₹ 1,184.51. You can set the target price as ₹ 1,264.19 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 TITAGARH 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 TITAGARH

Downside Targets Value in ₹
Tomorrow Down Target 1 1,289
Tomorrow Down Target 2 1,354
Tomorrow Down Target 3 1,399

Important Levels for TITAGARH

Holding Levels Value in ₹
Tomorrow Up Target 1 1,180
Tomorrow Up Target 2 1,135
Tomorrow Up Target 3 1,070
Based on where the stock opens tomorrow, if TITAGARH opens on a positive note, our first target will be ₹1,289. If Target 1 is achieved, we will aim for Target 2 which is ₹1,354.

But if TITAGARH falls below the average value of ₹1,244.65, you can enter a sell side position with target number 1 - ₹1,180 and second target - ₹1,135 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 TITAGARH

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

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

Tomorrow's Volume based share price Forecast for TITAGARH

TITAGARH'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 16%.

Reversal detection for TITAGARH

Predicted trend chart of TITAGARH tomorrow for price forecast
TITAGARH may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹1199 in morning tomorrow
Target 1 tomorrow1287
Target 2 tomorrow1312
Target 3 tomorrow1354
 

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 TITAGARH'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 TITAGARH opens on a positive note, our first target will be ₹1,289.30. If Target 1 is achieved, we will aim for Target 2 which is ₹1,354.25.

But if TITAGARH falls below the average value of ₹1,244.65, you can enter a sell side position with target number 1 - ₹1,179.70 and second target - ₹1,135.05

TITAGARH's Weekly Targets
1st Up Target 1,339.27
2nd Up Target 1,454.18
1st Down Target 1,079.77
2nd Down Target 935.18

As the week for TITAGARH ended on bullish sentiments, we can expect further continuation of this sentiment. TITAGARH's initial target will be 1,339.27 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 1,079.77 in the upcoming week.

Weekly OHLC Values
Open 1,107.90
High 1,309.60
Low 1,050.10
Close 1,224.35

Week for TITAGARH started with an open price of 1,107.90, and the close was at 1,224.35. TITAGARH reached the highest of 1,309.60 and dipped lowest up to 1,050.10 last week. This indicates a bullish sentiment for the week.

TITAGARH full month swing targets
Monthly Up Target 1 1,598.77
Monthly Up Target 2 1,713.68
Monthly Down Target 1 820.27
Monthly Down Target 2 416.18

Targets of ₹1,598.77 can be expected to be reached in the coming month. Once TITAGARH achieved this target, we can aim for the next upside target of ₹1,713.68.

TITAGARH if fails to hold upside, down targets of ₹820.27 and ₹416.18 can be achieved by end of this month.

For complete three weeks if TITAGARH 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

TITAGARH is expected to reach the target of 1,289.30 in tomorrow's trading session.

After achieving the initial target in TITAGARH, we will aim for higher targets of 1,354.25 tomorrow.

However, if TITAGARH starts to trade below ₹1,244.65, then we will shift our focus to the sell side and aim for down targets of 1,179.70 and 1,135.05.