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

Zuari Agro Chemicals Limited

Symbol: NSE:ZUARI

ISIN: INE840M01016

202.01

As on 2024-07-23

135.30 (52W Low) 258.00 (52W High)

ZUARI's Today's Performance

Zuari Agro Chemicals Limited started the day by opening at 210.60 today 2024-07-23. Its shares reached a high of 214.99 and dipped to a low of 194.00 in intraday. When the markets closed, ZUARI’s stock price settled at ₹202.01 per share. Also check out its key support and resistance levels.

ZUARI Buy/Sell Targets

Tomorrow, sell ZUARI when its price reaches ₹ 202.01 with a stop-loss order at ₹ 209.93. You can set the target price as ₹ 194.10 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 ZUARI 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 ZUARI

Downside Targets Value in ₹
Tomorrow Down Target 1 213
Tomorrow Down Target 2 225
Tomorrow Down Target 3 234

Important Levels for ZUARI

Holding Levels Value in ₹
Tomorrow Up Target 1 192
Tomorrow Up Target 2 183
Tomorrow Up Target 3 171
Based on where the stock opens tomorrow, if ZUARI opens on a positive note, our first target will be ₹213. If Target 1 is achieved, we will aim for Target 2 which is ₹225.

But if ZUARI falls below the average value of ₹203.67, you can enter a sell side position with target number 1 - ₹192 and second target - ₹183 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 ZUARI

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

Based on this, the predicted sentiment for ZUARI is moderate bearish.

Tomorrow's Volume based share price Forecast for ZUARI

ZUARI's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -14%.

Reversal detection for ZUARI

Predicted trend chart of ZUARI tomorrow for price forecast
ZUARI may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹208 in morning tomorrow
Target 1 tomorrow212
Target 2 tomorrow217
Target 3 tomorrow225
 

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 ZUARI'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 ZUARI opens on a positive note, our first target will be ₹213.33. If Target 1 is achieved, we will aim for Target 2 which is ₹224.66.

But if ZUARI falls below the average value of ₹203.67, you can enter a sell side position with target number 1 - ₹192.34 and second target - ₹182.68

ZUARI's Weekly Targets
1st Up Target 213.33
2nd Up Target 224.66
1st Down Target 192.34
2nd Down Target 182.68

As the week for ZUARI ended on bearish sentiments, we can expect further continuation of this sentiment. ZUARI's initial target will be 213.33 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 192.34 in the upcoming week.

Weekly OHLC Values
Open 208.50
High 214.99
Low 194.00
Close 202.01

Week for ZUARI started with an open price of 208.50, and the close was at 202.01. ZUARI reached the highest of 214.99 and dipped lowest up to 194.00 last week. This indicates a bearish sentiment for the week.

ZUARI full month swing targets
Monthly Up Target 1 234.32
Monthly Up Target 2 245.65
Monthly Down Target 1 171.35
Monthly Down Target 2 140.70

Targets of ₹234.32 can be expected to be reached in the coming month. Once ZUARI achieved this target, we can aim for the next upside target of ₹245.65.

ZUARI if fails to hold upside, down targets of ₹171.35 and ₹140.70 can be achieved by end of this month.

For complete three weeks if ZUARI 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

ZUARI is expected to reach the target of 213.33 in tomorrow's trading session.

After achieving the initial target in ZUARI, we will aim for higher targets of 224.66 tomorrow.

However, if ZUARI starts to trade below ₹203.67, then we will shift our focus to the sell side and aim for down targets of 192.34 and 182.68.