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

Unichem Laboratories Limited

Symbol: NSE:UNICHEMLAB

ISIN: INE351A01035

771.05

As on 2024-12-06

400.55 (52W Low) 937.95 (52W High)

UNICHEMLAB's Today's Performance

Unichem Laboratories Limited started the day by opening at 806.75 today 2024-12-06. Its shares reached a high of 808.30 and dipped to a low of 764.00 in intraday. When the markets closed, UNICHEMLAB’s stock price settled at ₹771.05 per share. Also check out its key support and resistance levels.

UNICHEMLAB Buy/Sell Targets

Tomorrow, sell UNICHEMLAB when its price reaches ₹ 771.05 with a stop-loss order at ₹ 790.82. You can set the target price as ₹ 751.28 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 UNICHEMLAB 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 UNICHEMLAB

Downside Targets Value in ₹
Tomorrow Down Target 1 798
Tomorrow Down Target 2 825
Tomorrow Down Target 3 843

Important Levels for UNICHEMLAB

Holding Levels Value in ₹
Tomorrow Up Target 1 754
Tomorrow Up Target 2 737
Tomorrow Up Target 3 710
Based on where the stock opens tomorrow, if UNICHEMLAB opens on a positive note, our first target will be ₹798. If Target 1 is achieved, we will aim for Target 2 which is ₹825.

But if UNICHEMLAB falls below the average value of ₹781.12, you can enter a sell side position with target number 1 - ₹754 and second target - ₹737 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 UNICHEMLAB

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

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

Tomorrow's Volume based share price Forecast for UNICHEMLAB

UNICHEMLAB'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 -58%.

Reversal detection for UNICHEMLAB

Predicted trend chart of UNICHEMLAB tomorrow for price forecast
UNICHEMLAB may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹808 in morning tomorrow
Target 1 tomorrow798
Target 2 tomorrow808
Target 3 tomorrow825
 

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 UNICHEMLAB'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 UNICHEMLAB opens on a positive note, our first target will be ₹798.23. If Target 1 is achieved, we will aim for Target 2 which is ₹825.42.

But if UNICHEMLAB falls below the average value of ₹781.12, you can enter a sell side position with target number 1 - ₹753.93 and second target - ₹736.82

UNICHEMLAB's Weekly Targets
1st Up Target 837.93
2nd Up Target 904.82
1st Down Target 734.08
2nd Down Target 697.12

As the week for UNICHEMLAB ended on bearish sentiments, we can expect further continuation of this sentiment. UNICHEMLAB's initial target will be 837.93 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 734.08 in the upcoming week.

Weekly OHLC Values
Open 838.05
High 867.85
Low 764.00
Close 771.05

Week for UNICHEMLAB started with an open price of 838.05, and the close was at 771.05. UNICHEMLAB reached the highest of 867.85 and dipped lowest up to 764.00 last week. This indicates a bearish sentiment for the week.

UNICHEMLAB full month swing targets
Monthly Up Target 1 941.78
Monthly Up Target 2 1,008.67
Monthly Down Target 1 630.23
Monthly Down Target 2 489.42

Targets of ₹941.78 can be expected to be reached in the coming month. Once UNICHEMLAB achieved this target, we can aim for the next upside target of ₹1,008.67.

UNICHEMLAB if fails to hold upside, down targets of ₹630.23 and ₹489.42 can be achieved by end of this month.

For complete three weeks if UNICHEMLAB 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 UNICHEMLAB

Symbol Name Industry
SUNPHARMA Sun Pharmaceutical Industries Limited Drug Manufacturers - Specialty & Generic
CIPLA Cipla Limited Drug Manufacturers - General
DRREDDY Dr. Reddy's Laboratories Limited Drug Manufacturers - Specialty & Generic
ZYDUSLIFE Zydus Lifesciences Limited Drug Manufacturers - Specialty & Generic
APOLLOHOSP Apollo Hospitals Enterprise Limited Medical Care Facilities

Summary

UNICHEMLAB is expected to reach the target of 798.23 in tomorrow's trading session.

After achieving the initial target in UNICHEMLAB, we will aim for higher targets of 825.42 tomorrow.

However, if UNICHEMLAB starts to trade below ₹781.12, then we will shift our focus to the sell side and aim for down targets of 753.93 and 736.82.