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

VRL Logistics Limited

Symbol: NSE:VRLLOG

ISIN: INE366I01010

559.55

As on 2024-04-24

517.00 (52W Low) 799.00 (52W High)

VRLLOG's Today's Performance

VRL Logistics Limited started the day by opening at 555.15 today 2024-04-24. Its shares reached a high of 568.95 and dipped to a low of 555.15 in intraday. When the markets closed, VRLLOG’s stock price settled at ₹559.55 per share. Also check out its key support and resistance levels.

VRLLOG Buy/Sell Targets

Tomorrow, buy VRLLOG when its price reaches ₹ 559.55 with a stop-loss order at ₹ 553.59. You can set the target price as ₹ 565.51 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 VRLLOG 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 VRLLOG

Downside Targets Value in ₹
Tomorrow Down Target 1 567
Tomorrow Down Target 2 575
Tomorrow Down Target 3 581

Important Levels for VRLLOG

Holding Levels Value in ₹
Tomorrow Up Target 1 553
Tomorrow Up Target 2 547
Tomorrow Up Target 3 540
Based on where the stock opens tomorrow, if VRLLOG opens on a positive note, our first target will be ₹567. If Target 1 is achieved, we will aim for Target 2 which is ₹575.

But if VRLLOG falls below the average value of ₹561.22, you can enter a sell side position with target number 1 - ₹553 and second target - ₹547 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 VRLLOG

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

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

Tomorrow's Volume based share price Forecast for VRLLOG

VRLLOG'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 -47%.

Reversal detection for VRLLOG

Predicted trend chart of VRLLOG tomorrow for price forecast
VRLLOG may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹557 in morning tomorrow
Target 1 tomorrow566
Target 2 tomorrow570
Target 3 tomorrow575
 

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 VRLLOG'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 VRLLOG opens on a positive note, our first target will be ₹567.28. If Target 1 is achieved, we will aim for Target 2 which is ₹575.02.

But if VRLLOG falls below the average value of ₹561.22, you can enter a sell side position with target number 1 - ₹553.48 and second target - ₹547.42

VRLLOG's Weekly Targets
1st Up Target 568.18
2nd Up Target 576.82
1st Down Target 551.68
2nd Down Target 543.82

As the week for VRLLOG ended on bearish sentiments, we can expect further continuation of this sentiment. VRLLOG's initial target will be 568.18 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 551.68 in the upcoming week.

Weekly OHLC Values
Open 560.35
High 568.95
Low 552.45
Close 559.55

Week for VRLLOG started with an open price of 560.35, and the close was at 559.55. VRLLOG reached the highest of 568.95 and dipped lowest up to 552.45 last week. This indicates a bearish sentiment for the week.

VRLLOG full month swing targets
Monthly Up Target 1 584.68
Monthly Up Target 2 593.32
Monthly Down Target 1 535.18
Monthly Down Target 2 510.82

Targets of ₹584.68 can be expected to be reached in the coming month. Once VRLLOG achieved this target, we can aim for the next upside target of ₹593.32.

VRLLOG if fails to hold upside, down targets of ₹535.18 and ₹510.82 can be achieved by end of this month.

For complete three weeks if VRLLOG 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

VRLLOG is expected to reach the target of 567.28 in tomorrow's trading session.

After achieving the initial target in VRLLOG, we will aim for higher targets of 575.02 tomorrow.

However, if VRLLOG starts to trade below ₹561.22, then we will shift our focus to the sell side and aim for down targets of 553.48 and 547.42.