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

V-Mart Retail Limited

Symbol: NSE:VMART

ISIN: INE665J01013

4,469.45

As on 2024-10-11

1,595.00 (52W Low) 4,500.00 (52W High)

VMART's Today's Performance

V-Mart Retail Limited started the day by opening at 4,350.00 today 2024-10-11. Its shares reached a high of 4,475.00 and dipped to a low of 4,280.05 in intraday. When the markets closed, VMART’s stock price settled at ₹4,469.45 per share. Also check out its key support and resistance levels.

VMART Buy/Sell Targets

Tomorrow, buy VMART when its price reaches ₹ 4,469.45 with a stop-loss order at ₹ 4,408.33. You can set the target price as ₹ 4,530.58 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 VMART 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 VMART

Downside Targets Value in ₹
Tomorrow Down Target 1 4,536
Tomorrow Down Target 2 4,603
Tomorrow Down Target 3 4,731

Important Levels for VMART

Holding Levels Value in ₹
Tomorrow Up Target 1 4,341
Tomorrow Up Target 2 4,213
Tomorrow Up Target 3 4,146
Based on where the stock opens tomorrow, if VMART opens on a positive note, our first target will be ₹4,536. If Target 1 is achieved, we will aim for Target 2 which is ₹4,603.

But if VMART falls below the average value of ₹4,408.17, you can enter a sell side position with target number 1 - ₹4,341 and second target - ₹4,213 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 VMART

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

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

Tomorrow's Volume based share price Forecast for VMART

VMART'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 -21%.

Reversal detection for VMART

Predicted trend chart of VMART tomorrow for price forecast
VMART may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹4373 in morning tomorrow
Target 1 tomorrow4483
Target 2 tomorrow4529
Target 3 tomorrow4603
 

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 VMART'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 VMART opens on a positive note, our first target will be ₹4,536.28. If Target 1 is achieved, we will aim for Target 2 which is ₹4,603.12.

But if VMART falls below the average value of ₹4,408.17, you can enter a sell side position with target number 1 - ₹4,341.33 and second target - ₹4,213.22

VMART's Weekly Targets
1st Up Target 4,626.13
2nd Up Target 4,782.82
1st Down Target 4,186.63
2nd Down Target 3,903.82

As the week for VMART ended on bearish sentiments, we can expect further continuation of this sentiment. VMART's initial target will be 4,626.13 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 4,186.63 in the upcoming week.

Weekly OHLC Values
Open 4,490.00
High 4,500.00
Low 4,060.50
Close 4,469.45

Week for VMART started with an open price of 4,490.00, and the close was at 4,469.45. VMART reached the highest of 4,500.00 and dipped lowest up to 4,060.50 last week. This indicates a bearish sentiment for the week.

VMART full month swing targets
Monthly Up Target 1 5,065.63
Monthly Up Target 2 5,222.32
Monthly Down Target 1 3,747.13
Monthly Down Target 2 3,024.82

Targets of ₹5,065.63 can be expected to be reached in the coming month. Once VMART achieved this target, we can aim for the next upside target of ₹5,222.32.

VMART if fails to hold upside, down targets of ₹3,747.13 and ₹3,024.82 can be achieved by end of this month.

For complete three weeks if VMART 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 VMART

Symbol Name Industry
MARUTI Maruti Suzuki India Limited Auto Manufacturers
TATAMTRDVR Tata Motors Limited Auto Manufacturers
TATAMOTORS Tata Motors Limited Auto Manufacturers
TITAN Titan Company Limited Luxury Goods
BAJAJ-AUTO Bajaj Auto Limited Auto Manufacturers

Summary

VMART is expected to reach the target of 4,536.28 in tomorrow's trading session.

After achieving the initial target in VMART, we will aim for higher targets of 4,603.12 tomorrow.

However, if VMART starts to trade below ₹4,408.17, then we will shift our focus to the sell side and aim for down targets of 4,341.33 and 4,213.22.