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

Ujjivan Financial Services Limited

Symbol: NSE:UJJIVAN

ISIN: INE334L01012

542.65

As on 2024-04-12

253.55 (52W Low) 614.80 (52W High)

UJJIVAN's Today's Performance

Ujjivan Financial Services Limited started the day by opening at 550.00 today 2024-04-12. Its shares reached a high of 552.25 and dipped to a low of 539.85 in intraday. When the markets closed, UJJIVAN’s stock price settled at ₹542.65 per share. Also check out its key support and resistance levels.

UJJIVAN Buy/Sell Targets

Tomorrow, sell UJJIVAN when its price reaches ₹ 542.65 with a stop-loss order at ₹ 549.13. You can set the target price as ₹ 536.17 to capture potential gains. This sell 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 UJJIVAN for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for UJJIVAN

Resistance Levels Value in ₹
Tomorrow Resistance 1 550
Tomorrow Resistance 2 557
Tomorrow Resistance 3 562

Important Supports for UJJIVAN

Support Levels Value in ₹
Tomorrow Support 1 538
Tomorrow Support 2 533
Tomorrow Support 3 525
Based on where the stock opens tomorrow, if UJJIVAN opens on a positive note, our first target will be ₹550. If Target 1 is achieved, we will aim for Target 2 which is ₹557.

But if UJJIVAN falls below the average value of ₹544.92, you can enter a sell side position with target number 1 - ₹538 and second target - ₹533 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 UJJIVAN

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

Based on this, the predicted sentiment for UJJIVAN is moderate bullish.

Tomorrow's Volume based share price Forecast for UJJIVAN

UJJIVAN's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is 30%.

Reversal detection for UJJIVAN

Predicted trend chart of UJJIVAN tomorrow for price forecast
UJJIVAN may trend may continue to be bearish since stock is making lower low and we can get target of ₹549 in morning tomorrow
Target 1 tomorrow550
Target 2 tomorrow553
Target 3 tomorrow557
 

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 UJJIVAN'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 UJJIVAN opens on a positive note, our first target will be ₹549.98. If Target 1 is achieved, we will aim for Target 2 which is ₹557.32.

But if UJJIVAN falls below the average value of ₹544.92, you can enter a sell side position with target number 1 - ₹537.58 and second target - ₹532.52

UJJIVAN's Weekly Targets
1st Up Target 558.85
2nd Up Target 575.05
1st Down Target 533.15
2nd Down Target 523.65

As the week for UJJIVAN ended on bearish sentiments, we can expect further continuation of this sentiment. UJJIVAN's initial target will be 558.85 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 533.15 in the upcoming week.

Weekly OHLC Values
Open 560.00
High 565.55
Low 539.85
Close 542.65

Week for UJJIVAN started with an open price of 560.00, and the close was at 542.65. UJJIVAN reached the highest of 565.55 and dipped lowest up to 539.85 last week. This indicates a bearish sentiment for the week.

UJJIVAN full month swing targets
Monthly Up Target 1 584.55
Monthly Up Target 2 600.75
Monthly Down Target 1 507.45
Monthly Down Target 2 472.25

Targets of ₹584.55 can be expected to be reached in the coming month. Once UJJIVAN achieved this target, we can aim for the next upside target of ₹600.75.

UJJIVAN if fails to hold upside, down targets of ₹507.45 and ₹472.25 can be achieved by end of this month.

For complete three weeks if UJJIVAN 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 UJJIVAN

Symbol Name Industry
HDFCBANK HDFC Bank Limited Banks - Regional
ICICIBANK ICICI Bank Limited Banks - Regional
SBIN State Bank of India Banks - Regional
LICI Life Insurance Corporation Of India Insurance - Life
BAJFINANCE Bajaj Finance Limited Credit Services

Summary

UJJIVAN is expected to reach the target of 549.98 in tomorrow's trading session.

After achieving the initial target in UJJIVAN, we will aim for higher targets of 557.32 tomorrow.

However, if UJJIVAN starts to trade below ₹544.92, then we will shift our focus to the sell side and aim for down targets of 537.58 and 532.52.