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

UTI Asset Management Company Limited

Symbol: NSE:UTIAMC

ISIN: INE094J01016

919.20

As on 2024-04-12

638.75 (52W Low) 965.00 (52W High)

UTIAMC's Today's Performance

UTI Asset Management Company Limited started the day by opening at 905.60 today 2024-04-12. Its shares reached a high of 922.50 and dipped to a low of 897.75 in intraday. When the markets closed, UTIAMC’s stock price settled at ₹919.20 per share. Also check out its key support and resistance levels.

UTIAMC Buy/Sell Targets

Tomorrow, buy UTIAMC when its price reaches ₹ 919.20 with a stop-loss order at ₹ 907.47. You can set the target price as ₹ 930.93 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 UTIAMC 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 UTIAMC

Resistance Levels Value in ₹
Tomorrow Resistance 1 929
Tomorrow Resistance 2 938
Tomorrow Resistance 3 953

Important Supports for UTIAMC

Support Levels Value in ₹
Tomorrow Support 1 904
Tomorrow Support 2 888
Tomorrow Support 3 879
Based on where the stock opens tomorrow, if UTIAMC opens on a positive note, our first target will be ₹929. If Target 1 is achieved, we will aim for Target 2 which is ₹938.

But if UTIAMC falls below the average value of ₹913.15, you can enter a sell side position with target number 1 - ₹904 and second target - ₹888 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 UTIAMC

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

Based on this, the predicted sentiment for UTIAMC is strong bullish.

Tomorrow's Volume based share price Forecast for UTIAMC

UTIAMC's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 83%.

Reversal detection for UTIAMC

Predicted trend chart of UTIAMC tomorrow for price forecast
UTIAMC may trend may continue to be bullish since stock is making higher highs and we can get target of ₹913 in morning tomorrow
Target 1 tomorrow923
Target 2 tomorrow928
Target 3 tomorrow938
 

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 UTIAMC'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 UTIAMC opens on a positive note, our first target will be ₹928.55. If Target 1 is achieved, we will aim for Target 2 which is ₹937.90.

But if UTIAMC falls below the average value of ₹913.15, you can enter a sell side position with target number 1 - ₹903.80 and second target - ₹888.40

UTIAMC's Weekly Targets
1st Up Target 937.52
2nd Up Target 955.83
1st Down Target 899.32
2nd Down Target 879.43

As the week for UTIAMC ended on bearish sentiments, we can expect further continuation of this sentiment. UTIAMC's initial target will be 937.52 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 899.32 in the upcoming week.

Weekly OHLC Values
Open 930.95
High 935.95
Low 897.75
Close 919.20

Week for UTIAMC started with an open price of 930.95, and the close was at 919.20. UTIAMC reached the highest of 935.95 and dipped lowest up to 897.75 last week. This indicates a bearish sentiment for the week.

UTIAMC full month swing targets
Monthly Up Target 1 975.72
Monthly Up Target 2 994.03
Monthly Down Target 1 861.12
Monthly Down Target 2 803.03

Targets of ₹975.72 can be expected to be reached in the coming month. Once UTIAMC achieved this target, we can aim for the next upside target of ₹994.03.

UTIAMC if fails to hold upside, down targets of ₹861.12 and ₹803.03 can be achieved by end of this month.

For complete three weeks if UTIAMC 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.

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BAJFINANCE Bajaj Finance Limited Credit Services

Summary

UTIAMC is expected to reach the target of 928.55 in tomorrow's trading session.

After achieving the initial target in UTIAMC, we will aim for higher targets of 937.90 tomorrow.

However, if UTIAMC starts to trade below ₹913.15, then we will shift our focus to the sell side and aim for down targets of 903.80 and 888.40.