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

ZF Commercial Vehicle Control Systems India Limited

Symbol: NSE:ZFCVINDIA

ISIN: INE342J01019

13,628.20

As on 2024-05-17

10,301.00 (52W Low) 17,700.00 (52W High)

ZFCVINDIA's Today's Performance

ZF Commercial Vehicle Control Systems India Limited started the day by opening at 13,425.00 today 2024-05-17. Its shares reached a high of 13,920.00 and dipped to a low of 13,425.00 in intraday. When the markets closed, ZFCVINDIA’s stock price settled at ₹13,628.20 per share. Also check out its key support and resistance levels.

ZFCVINDIA Buy/Sell Targets

Tomorrow, buy ZFCVINDIA when its price reaches ₹ 13,628.20 with a stop-loss order at ₹ 13,444.36. You can set the target price as ₹ 13,812.04 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 ZFCVINDIA 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 ZFCVINDIA

Downside Targets Value in ₹
Tomorrow Down Target 1 13,890
Tomorrow Down Target 2 14,153
Tomorrow Down Target 3 14,385

Important Levels for ZFCVINDIA

Holding Levels Value in ₹
Tomorrow Up Target 1 13,395
Tomorrow Up Target 2 13,163
Tomorrow Up Target 3 12,900
Based on where the stock opens tomorrow, if ZFCVINDIA opens on a positive note, our first target will be ₹13,890. If Target 1 is achieved, we will aim for Target 2 which is ₹14,153.

But if ZFCVINDIA falls below the average value of ₹13,657.73, you can enter a sell side position with target number 1 - ₹13,395 and second target - ₹13,163 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 ZFCVINDIA

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

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

Tomorrow's Volume based share price Forecast for ZFCVINDIA

ZFCVINDIA'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 101%.

Reversal detection for ZFCVINDIA

Predicted trend chart of ZFCVINDIA tomorrow for price forecast
ZFCVINDIA may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹13329 in morning tomorrow
Target 1 tomorrow13847
Target 2 tomorrow13964
Target 3 tomorrow14153
 

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 ZFCVINDIA'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 ZFCVINDIA opens on a positive note, our first target will be ₹13,890.47. If Target 1 is achieved, we will aim for Target 2 which is ₹14,152.73.

But if ZFCVINDIA falls below the average value of ₹13,657.73, you can enter a sell side position with target number 1 - ₹13,395.47 and second target - ₹13,162.73

ZFCVINDIA's Weekly Targets
1st Up Target 14,040.47
2nd Up Target 14,452.73
1st Down Target 13,095.47
2nd Down Target 12,562.73

As the week for ZFCVINDIA ended on bullish sentiments, we can expect further continuation of this sentiment. ZFCVINDIA's initial target will be 14,040.47 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 13,095.47 in the upcoming week.

Weekly OHLC Values
Open 13,466.65
High 13,920.00
Low 12,975.00
Close 13,628.20

Week for ZFCVINDIA started with an open price of 13,466.65, and the close was at 13,628.20. ZFCVINDIA reached the highest of 13,920.00 and dipped lowest up to 12,975.00 last week. This indicates a bullish sentiment for the week.

ZFCVINDIA full month swing targets
Monthly Up Target 1 14,985.47
Monthly Up Target 2 15,397.73
Monthly Down Target 1 12,150.47
Monthly Down Target 2 10,672.73

Targets of ₹14,985.47 can be expected to be reached in the coming month. Once ZFCVINDIA achieved this target, we can aim for the next upside target of ₹15,397.73.

ZFCVINDIA if fails to hold upside, down targets of ₹12,150.47 and ₹10,672.73 can be achieved by end of this month.

For complete three weeks if ZFCVINDIA 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 ZFCVINDIA

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

Summary

ZFCVINDIA is expected to reach the target of 13,890.47 in tomorrow's trading session.

After achieving the initial target in ZFCVINDIA, we will aim for higher targets of 14,152.73 tomorrow.

However, if ZFCVINDIA starts to trade below ₹13,657.73, then we will shift our focus to the sell side and aim for down targets of 13,395.47 and 13,162.73.