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

Veranda Learning Solutions Limited

Symbol: NSE:VERANDA

ISIN: INE0IQ001011

184.20

As on 2024-04-19

160.00 (52W Low) 336.90 (52W High)

VERANDA's Today's Performance

Veranda Learning Solutions Limited started the day by opening at 187.00 today 2024-04-19. Its shares reached a high of 187.00 and dipped to a low of 179.45 in intraday. When the markets closed, VERANDA’s stock price settled at ₹184.20 per share. Also check out its key support and resistance levels.

VERANDA Buy/Sell Targets

Tomorrow, sell VERANDA when its price reaches ₹ 184.20 with a stop-loss order at ₹ 189.03. You can set the target price as ₹ 179.37 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 VERANDA 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 VERANDA

Downside Targets Value in ₹
Tomorrow Down Target 1 188
Tomorrow Down Target 2 191
Tomorrow Down Target 3 195

Important Levels for VERANDA

Holding Levels Value in ₹
Tomorrow Up Target 1 180
Tomorrow Up Target 2 176
Tomorrow Up Target 3 173
Based on where the stock opens tomorrow, if VERANDA opens on a positive note, our first target will be ₹188. If Target 1 is achieved, we will aim for Target 2 which is ₹191.

But if VERANDA falls below the average value of ₹183.55, you can enter a sell side position with target number 1 - ₹180 and second target - ₹176 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 VERANDA

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

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

Tomorrow's Volume based share price Forecast for VERANDA

VERANDA'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 -10%.

Reversal detection for VERANDA

Predicted trend chart of VERANDA tomorrow for price forecast
VERANDA may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹191 in morning tomorrow
Target 1 tomorrow186
Target 2 tomorrow188
Target 3 tomorrow191
 

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 VERANDA'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 VERANDA opens on a positive note, our first target will be ₹187.65. If Target 1 is achieved, we will aim for Target 2 which is ₹191.10.

But if VERANDA falls below the average value of ₹183.55, you can enter a sell side position with target number 1 - ₹180.10 and second target - ₹176.00

VERANDA's Weekly Targets
1st Up Target 198.25
2nd Up Target 212.30
1st Down Target 174.80
2nd Down Target 165.40

As the week for VERANDA ended on bearish sentiments, we can expect further continuation of this sentiment. VERANDA's initial target will be 198.25 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 174.80 in the upcoming week.

Weekly OHLC Values
Open 190.00
High 202.90
Low 179.45
Close 184.20

Week for VERANDA started with an open price of 190.00, and the close was at 184.20. VERANDA reached the highest of 202.90 and dipped lowest up to 179.45 last week. This indicates a bearish sentiment for the week.

VERANDA full month swing targets
Monthly Up Target 1 221.70
Monthly Up Target 2 235.75
Monthly Down Target 1 151.35
Monthly Down Target 2 118.50

Targets of ₹221.70 can be expected to be reached in the coming month. Once VERANDA achieved this target, we can aim for the next upside target of ₹235.75.

VERANDA if fails to hold upside, down targets of ₹151.35 and ₹118.50 can be achieved by end of this month.

For complete three weeks if VERANDA 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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Summary

VERANDA is expected to reach the target of 187.65 in tomorrow's trading session.

After achieving the initial target in VERANDA, we will aim for higher targets of 191.10 tomorrow.

However, if VERANDA starts to trade below ₹183.55, then we will shift our focus to the sell side and aim for down targets of 180.10 and 176.00.