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

V-Guard Industries Limited

Symbol: NSE:VGUARD

ISIN: INE951I01027

369.50

As on 2024-05-17

239.00 (52W Low) 378.95 (52W High)

VGUARD's Today's Performance

V-Guard Industries Limited started the day by opening at 375.00 today 2024-05-17. Its shares reached a high of 377.15 and dipped to a low of 367.00 in intraday. When the markets closed, VGUARD’s stock price settled at ₹369.50 per share. Also check out its key support and resistance levels.

VGUARD Buy/Sell Targets

Tomorrow, sell VGUARD when its price reaches ₹ 369.50 with a stop-loss order at ₹ 377.00. You can set the target price as ₹ 362.00 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 VGUARD 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 VGUARD

Downside Targets Value in ₹
Tomorrow Down Target 1 375
Tomorrow Down Target 2 381
Tomorrow Down Target 3 386

Important Levels for VGUARD

Holding Levels Value in ₹
Tomorrow Up Target 1 365
Tomorrow Up Target 2 361
Tomorrow Up Target 3 355
Based on where the stock opens tomorrow, if VGUARD opens on a positive note, our first target will be ₹375. If Target 1 is achieved, we will aim for Target 2 which is ₹381.

But if VGUARD falls below the average value of ₹371.22, you can enter a sell side position with target number 1 - ₹365 and second target - ₹361 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 VGUARD

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

Based on this, the predicted sentiment for VGUARD is moderate bullish.

Tomorrow's Volume based share price Forecast for VGUARD

VGUARD's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is 5%.

Reversal detection for VGUARD

Predicted trend chart of VGUARD tomorrow for price forecast
VGUARD may trend may continue to be bearish since stock is making lower low and we can get target of ₹373 in morning tomorrow
Target 1 tomorrow375
Target 2 tomorrow377
Target 3 tomorrow381
 

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 VGUARD'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 VGUARD opens on a positive note, our first target will be ₹375.43. If Target 1 is achieved, we will aim for Target 2 which is ₹381.37.

But if VGUARD falls below the average value of ₹371.22, you can enter a sell side position with target number 1 - ₹365.28 and second target - ₹361.07

VGUARD's Weekly Targets
1st Up Target 382.42
2nd Up Target 395.33
1st Down Target 353.12
2nd Down Target 336.73

As the week for VGUARD ended on bullish sentiments, we can expect further continuation of this sentiment. VGUARD's initial target will be 382.42 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 353.12 in the upcoming week.

Weekly OHLC Values
Open 354.60
High 378.95
Low 349.65
Close 369.50

Week for VGUARD started with an open price of 354.60, and the close was at 369.50. VGUARD reached the highest of 378.95 and dipped lowest up to 349.65 last week. This indicates a bullish sentiment for the week.

VGUARD full month swing targets
Monthly Up Target 1 411.72
Monthly Up Target 2 424.63
Monthly Down Target 1 323.82
Monthly Down Target 2 278.13

Targets of ₹411.72 can be expected to be reached in the coming month. Once VGUARD achieved this target, we can aim for the next upside target of ₹424.63.

VGUARD if fails to hold upside, down targets of ₹323.82 and ₹278.13 can be achieved by end of this month.

For complete three weeks if VGUARD 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

VGUARD is expected to reach the target of 375.43 in tomorrow's trading session.

After achieving the initial target in VGUARD, we will aim for higher targets of 381.37 tomorrow.

However, if VGUARD starts to trade below ₹371.22, then we will shift our focus to the sell side and aim for down targets of 365.28 and 361.07.