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

Zim Laboratories Limited

Symbol: NSE:ZIMLAB

ISIN: INE518E01015

106.91

As on 2024-07-19

89.50 (52W Low) 152.70 (52W High)

ZIMLAB's Today's Performance

Zim Laboratories Limited started the day by opening at 110.79 today 2024-07-19. Its shares reached a high of 110.79 and dipped to a low of 106.06 in intraday. When the markets closed, ZIMLAB’s stock price settled at ₹106.91 per share. Also check out its key support and resistance levels.

ZIMLAB Buy/Sell Targets

Tomorrow, sell ZIMLAB when its price reaches ₹ 106.91 with a stop-loss order at ₹ 109.55. You can set the target price as ₹ 104.27 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 ZIMLAB 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 ZIMLAB

Downside Targets Value in ₹
Tomorrow Down Target 1 110
Tomorrow Down Target 2 113
Tomorrow Down Target 3 115

Important Levels for ZIMLAB

Holding Levels Value in ₹
Tomorrow Up Target 1 105
Tomorrow Up Target 2 103
Tomorrow Up Target 3 100
Based on where the stock opens tomorrow, if ZIMLAB opens on a positive note, our first target will be ₹110. If Target 1 is achieved, we will aim for Target 2 which is ₹113.

But if ZIMLAB falls below the average value of ₹107.92, you can enter a sell side position with target number 1 - ₹105 and second target - ₹103 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 ZIMLAB

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

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

Tomorrow's Volume based share price Forecast for ZIMLAB

ZIMLAB'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 10%.

Reversal detection for ZIMLAB

Predicted trend chart of ZIMLAB tomorrow for price forecast
ZIMLAB may trend may continue to be bearish since stock is making lower low and we can get target of ₹111 in morning tomorrow
Target 1 tomorrow110
Target 2 tomorrow111
Target 3 tomorrow113
 

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 ZIMLAB'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 ZIMLAB opens on a positive note, our first target will be ₹109.78. If Target 1 is achieved, we will aim for Target 2 which is ₹112.65.

But if ZIMLAB falls below the average value of ₹107.92, you can enter a sell side position with target number 1 - ₹105.05 and second target - ₹103.19

ZIMLAB's Weekly Targets
1st Up Target 112.69
2nd Up Target 118.46
1st Down Target 103.60
2nd Down Target 100.28

As the week for ZIMLAB ended on bearish sentiments, we can expect further continuation of this sentiment. ZIMLAB's initial target will be 112.69 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 103.60 in the upcoming week.

Weekly OHLC Values
Open 107.90
High 115.15
Low 106.06
Close 106.91

Week for ZIMLAB started with an open price of 107.90, and the close was at 106.91. ZIMLAB reached the highest of 115.15 and dipped lowest up to 106.06 last week. This indicates a bearish sentiment for the week.

ZIMLAB full month swing targets
Monthly Up Target 1 121.78
Monthly Up Target 2 127.55
Monthly Down Target 1 94.51
Monthly Down Target 2 82.10

Targets of ₹121.78 can be expected to be reached in the coming month. Once ZIMLAB achieved this target, we can aim for the next upside target of ₹127.55.

ZIMLAB if fails to hold upside, down targets of ₹94.51 and ₹82.10 can be achieved by end of this month.

For complete three weeks if ZIMLAB 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

ZIMLAB is expected to reach the target of 109.78 in tomorrow's trading session.

After achieving the initial target in ZIMLAB, we will aim for higher targets of 112.65 tomorrow.

However, if ZIMLAB starts to trade below ₹107.92, then we will shift our focus to the sell side and aim for down targets of 105.05 and 103.19.