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

UFO Moviez India Limited

Symbol: NSE:UFO

ISIN: INE527H01019

130.31

As on 2024-07-24

84.40 (52W Low) 173.85 (52W High)

UFO's Today's Performance

UFO Moviez India Limited started the day by opening at 124.00 today 2024-07-24. Its shares reached a high of 130.92 and dipped to a low of 123.71 in intraday. When the markets closed, UFO’s stock price settled at ₹130.31 per share. Also check out its key support and resistance levels.

UFO Buy/Sell Targets

Tomorrow, buy UFO when its price reaches ₹ 130.31 with a stop-loss order at ₹ 127.14. You can set the target price as ₹ 133.48 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 UFO 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 UFO

Downside Targets Value in ₹
Tomorrow Down Target 1 133
Tomorrow Down Target 2 136
Tomorrow Down Target 3 140

Important Levels for UFO

Holding Levels Value in ₹
Tomorrow Up Target 1 126
Tomorrow Up Target 2 121
Tomorrow Up Target 3 119
Based on where the stock opens tomorrow, if UFO opens on a positive note, our first target will be ₹133. If Target 1 is achieved, we will aim for Target 2 which is ₹136.

But if UFO falls below the average value of ₹128.31, you can enter a sell side position with target number 1 - ₹126 and second target - ₹121 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 UFO

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

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

Tomorrow's Volume based share price Forecast for UFO

UFO's Volume is currently in a Increasing 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 -47%.

Reversal detection for UFO

Predicted trend chart of UFO tomorrow for price forecast
UFO may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹122 in morning tomorrow
Target 1 tomorrow131
Target 2 tomorrow133
Target 3 tomorrow136
 

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 UFO'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 UFO opens on a positive note, our first target will be ₹132.92. If Target 1 is achieved, we will aim for Target 2 which is ₹135.52.

But if UFO falls below the average value of ₹128.31, you can enter a sell side position with target number 1 - ₹125.71 and second target - ₹121.10

UFO's Weekly Targets
1st Up Target 135.15
2nd Up Target 140.00
1st Down Target 121.23
2nd Down Target 112.16

As the week for UFO ended on bullish sentiments, we can expect further continuation of this sentiment. UFO's initial target will be 135.15 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 121.23 in the upcoming week.

Weekly OHLC Values
Open 125.01
High 130.92
Low 117.00
Close 130.31

Week for UFO started with an open price of 125.01, and the close was at 130.31. UFO reached the highest of 130.92 and dipped lowest up to 117.00 last week. This indicates a bullish sentiment for the week.

UFO full month swing targets
Monthly Up Target 1 149.07
Monthly Up Target 2 153.92
Monthly Down Target 1 107.31
Monthly Down Target 2 84.32

Targets of ₹149.07 can be expected to be reached in the coming month. Once UFO achieved this target, we can aim for the next upside target of ₹153.92.

UFO if fails to hold upside, down targets of ₹107.31 and ₹84.32 can be achieved by end of this month.

For complete three weeks if UFO 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 UFO

Symbol Name Industry
BHARTIARTL Bharti Airtel Limited Telecom Services
INDUSTOWER Indus Towers Limited Telecom Services
NAUKRI Info Edge (India) Limited Internet Content & Information
IDEA Vodafone Idea Limited Telecom Services
TATACOMM Tata Communications Limited Telecom Services

Summary

UFO is expected to reach the target of 132.92 in tomorrow's trading session.

After achieving the initial target in UFO, we will aim for higher targets of 135.52 tomorrow.

However, if UFO starts to trade below ₹128.31, then we will shift our focus to the sell side and aim for down targets of 125.71 and 121.10.