Price and trend forecast of UFO for Tomorrow, Weekly, Monthly
UFO Moviez India Limited
Symbol: NSE:UFO
ISIN: INE527H01019
131.83
As on 2024-07-26
UFO's Today's Performance
UFO Moviez India Limited started the day by opening at 128.00 today 2024-07-26. Its shares reached a high of 133.80 and dipped to a low of 128.00 in intraday. When the markets closed, UFO’s stock price settled at ₹131.83 per share. Also check out its key support and resistance levels.
UFO Buy/Sell Targets
Tomorrow, buy UFO when its price reaches ₹ 131.83 with a stop-loss order at ₹ 129.16. You can set the target price as ₹ 134.50 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 | 134 |
| Tomorrow Down Target 2 | 137 |
| Tomorrow Down Target 3 | 140 |
Important Levels for UFO
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 129 |
| Tomorrow Up Target 2 | 125 |
| Tomorrow Up Target 3 | 123 |
Based on where the stock opens tomorrow, if UFO opens on a positive note, our first target will be ₹134. If Target 1 is achieved, we will aim for Target 2 which is ₹137.
But if UFO falls below the average value of ₹131.21, you can enter a sell side position with target number 1 - ₹129 and second target - ₹125 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
UFO may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹129 in morning tomorrow
| Target 1 tomorrow | 133 |
| Target 2 tomorrow | 135 |
| Target 3 tomorrow | 137 |
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 ₹134.42. If Target 1 is achieved, we will aim for Target 2 which is ₹137.01.
But if UFO falls below the average value of ₹131.21, you can enter a sell side position with target number 1 - ₹128.62 and second target - ₹125.41
UFO's Weekly Targets
| 1st Up Target | 138.09 |
| 2nd Up Target | 144.34 |
| 1st Down Target | 121.29 |
| 2nd Down Target | 110.74 |
As the week for UFO ended on bullish sentiments, we can expect further continuation of this sentiment. UFO's initial target will be 138.09 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 121.29 in the upcoming week.
Weekly OHLC Values
| Open | 125.01 |
| High | 133.80 |
| Low | 117.00 |
| Close | 131.83 |
Week for UFO started with an open price of 125.01, and the close was at 131.83. UFO reached the highest of 133.80 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 | 154.89 |
| Monthly Up Target 2 | 161.14 |
| Monthly Down Target 1 | 104.49 |
| Monthly Down Target 2 | 77.14 |
Targets of ₹154.89 can be expected to be reached in the coming month. Once UFO achieved this target, we can aim for the next upside target of ₹161.14.
UFO if fails to hold upside, down targets of ₹104.49 and ₹77.14 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 134.42 in tomorrow's trading session.
After achieving the initial target in UFO, we will aim for higher targets of 137.01 tomorrow.
However, if UFO starts to trade below ₹131.21, then we will shift our focus to the sell side and aim for down targets of 128.62 and 125.41.