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

Vesuvius India Limited

Symbol: NSE:VESUVIUS

ISIN: INE386A01015

3,343.10

As on 2024-04-12

1,635.00 (52W Low) 3,971.00 (52W High)

VESUVIUS's Today's Performance

Vesuvius India Limited started the day by opening at 3,495.00 today 2024-04-12. Its shares reached a high of 3,495.00 and dipped to a low of 3,237.80 in intraday. When the markets closed, VESUVIUS’s stock price settled at ₹3,343.10 per share. Also check out its key support and resistance levels.

VESUVIUS Buy/Sell Targets

Tomorrow, sell VESUVIUS when its price reaches ₹ 3,343.10 with a stop-loss order at ₹ 3,438.91. You can set the target price as ₹ 3,247.29 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 VESUVIUS 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 VESUVIUS

Resistance Levels Value in ₹
Tomorrow Resistance 1 3,479
Tomorrow Resistance 2 3,616
Tomorrow Resistance 3 3,737

Important Supports for VESUVIUS

Support Levels Value in ₹
Tomorrow Support 1 3,222
Tomorrow Support 2 3,101
Tomorrow Support 3 2,965
Based on where the stock opens tomorrow, if VESUVIUS opens on a positive note, our first target will be ₹3,479. If Target 1 is achieved, we will aim for Target 2 which is ₹3,616.

But if VESUVIUS falls below the average value of ₹3,358.63, you can enter a sell side position with target number 1 - ₹3,222 and second target - ₹3,101 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 VESUVIUS

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

Based on this, the predicted sentiment for VESUVIUS is strong bearish.

Tomorrow's Volume based share price Forecast for VESUVIUS

VESUVIUS's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 5%.

Reversal detection for VESUVIUS

Predicted trend chart of VESUVIUS tomorrow for price forecast
VESUVIUS may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹3489 in morning tomorrow
Target 1 tomorrow3457
Target 2 tomorrow3518
Target 3 tomorrow3616
 

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 VESUVIUS'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 VESUVIUS opens on a positive note, our first target will be ₹3,479.47. If Target 1 is achieved, we will aim for Target 2 which is ₹3,615.83.

But if VESUVIUS falls below the average value of ₹3,358.63, you can enter a sell side position with target number 1 - ₹3,222.27 and second target - ₹3,101.43

VESUVIUS's Weekly Targets
1st Up Target 3,582.13
2nd Up Target 3,821.17
1st Down Target 3,170.93
2nd Down Target 2,998.77

As the week for VESUVIUS ended on bearish sentiments, we can expect further continuation of this sentiment. VESUVIUS's initial target will be 3,582.13 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 3,170.93 in the upcoming week.

Weekly OHLC Values
Open 3,439.95
High 3,649.00
Low 3,237.80
Close 3,343.10

Week for VESUVIUS started with an open price of 3,439.95, and the close was at 3,343.10. VESUVIUS reached the highest of 3,649.00 and dipped lowest up to 3,237.80 last week. This indicates a bearish sentiment for the week.

VESUVIUS full month swing targets
Monthly Up Target 1 3,993.33
Monthly Up Target 2 4,232.37
Monthly Down Target 1 2,759.73
Monthly Down Target 2 2,176.37

Targets of ₹3,993.33 can be expected to be reached in the coming month. Once VESUVIUS achieved this target, we can aim for the next upside target of ₹4,232.37.

VESUVIUS if fails to hold upside, down targets of ₹2,759.73 and ₹2,176.37 can be achieved by end of this month.

For complete three weeks if VESUVIUS 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

VESUVIUS is expected to reach the target of 3,479.47 in tomorrow's trading session.

After achieving the initial target in VESUVIUS, we will aim for higher targets of 3,615.83 tomorrow.

However, if VESUVIUS starts to trade below ₹3,358.63, then we will shift our focus to the sell side and aim for down targets of 3,222.27 and 3,101.43.