Stock Information Portal

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

Unitech Limited

Symbol: NSE:UNITECH

ISIN: INE694A01020

10.98

As on 2024-07-24

1.30 (52W Low) 19.80 (52W High)

UNITECH's Today's Performance

Unitech Limited started the day by opening at 10.88 today 2024-07-24. Its shares reached a high of 10.98 and dipped to a low of 10.56 in intraday. When the markets closed, UNITECH’s stock price settled at ₹10.98 per share. Also check out its key support and resistance levels.

UNITECH Buy/Sell Targets

Tomorrow, buy UNITECH when its price reaches ₹ 10.98 with a stop-loss order at ₹ 10.77. You can set the target price as ₹ 11.19 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 UNITECH 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 UNITECH

Downside Targets Value in ₹
Tomorrow Down Target 1 11
Tomorrow Down Target 2 11
Tomorrow Down Target 3 12

Important Levels for UNITECH

Holding Levels Value in ₹
Tomorrow Up Target 1 11
Tomorrow Up Target 2 10
Tomorrow Up Target 3 10
Based on where the stock opens tomorrow, if UNITECH opens on a positive note, our first target will be ₹11. If Target 1 is achieved, we will aim for Target 2 which is ₹11.

But if UNITECH falls below the average value of ₹10.84, you can enter a sell side position with target number 1 - ₹11 and second target - ₹10 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 UNITECH

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

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

Tomorrow's Volume based share price Forecast for UNITECH

UNITECH's Volume is currently in a Decreasing 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 11%.

Reversal detection for UNITECH

Predicted trend chart of UNITECH tomorrow for price forecast
UNITECH may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹10 in morning tomorrow
Target 1 tomorrow11
Target 2 tomorrow11
Target 3 tomorrow11
 

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 UNITECH'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 UNITECH opens on a positive note, our first target will be ₹11.12. If Target 1 is achieved, we will aim for Target 2 which is ₹11.26.

But if UNITECH falls below the average value of ₹10.84, you can enter a sell side position with target number 1 - ₹10.70 and second target - ₹10.42

UNITECH's Weekly Targets
1st Up Target 11.32
2nd Up Target 11.67
1st Down Target 10.29
2nd Down Target 9.61

As the week for UNITECH ended on bullish sentiments, we can expect further continuation of this sentiment. UNITECH's initial target will be 11.32 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 10.29 in the upcoming week.

Weekly OHLC Values
Open 9.96
High 10.98
Low 9.95
Close 10.98

Week for UNITECH started with an open price of 9.96, and the close was at 10.98. UNITECH reached the highest of 10.98 and dipped lowest up to 9.95 last week. This indicates a bullish sentiment for the week.

UNITECH full month swing targets
Monthly Up Target 1 12.35
Monthly Up Target 2 12.70
Monthly Down Target 1 9.26
Monthly Down Target 2 7.55

Targets of ₹12.35 can be expected to be reached in the coming month. Once UNITECH achieved this target, we can aim for the next upside target of ₹12.70.

UNITECH if fails to hold upside, down targets of ₹9.26 and ₹7.55 can be achieved by end of this month.

For complete three weeks if UNITECH 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 UNITECH

Symbol Name Industry
DLF DLF Limited Real Estate - Development
LODHA Macrotech Developers Limited Real Estate - Development
GODREJPROP Godrej Properties Limited Real Estate - Development
OBEROIRLTY Oberoi Realty Limited Real Estate - Development
PHOENIXLTD The Phoenix Mills Limited Real Estate - Diversified

Summary

UNITECH is expected to reach the target of 11.12 in tomorrow's trading session.

After achieving the initial target in UNITECH, we will aim for higher targets of 11.26 tomorrow.

However, if UNITECH starts to trade below ₹10.84, then we will shift our focus to the sell side and aim for down targets of 10.70 and 10.42.