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

Zuari Agro Chemicals Limited

Symbol: NSE:ZUARI

ISIN: INE840M01016

221.56

As on 2024-12-20

151.15 (52W Low) 268.00 (52W High)

ZUARI's Today's Performance

Zuari Agro Chemicals Limited started the day by opening at 232.45 today 2024-12-20. Its shares reached a high of 234.40 and dipped to a low of 220.00 in intraday. When the markets closed, ZUARI’s stock price settled at ₹221.56 per share. Also check out its key support and resistance levels.

ZUARI Buy/Sell Targets

Tomorrow, sell ZUARI when its price reaches ₹ 221.56 with a stop-loss order at ₹ 227.58. You can set the target price as ₹ 215.54 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 1 231
Tomorrow Down Target 2 240
Tomorrow Down Target 3 245

Important Levels for ZUARI

Holding Levels Value in ₹
Tomorrow Up Target 1 216
Tomorrow Up Target 2 211
Tomorrow Up Target 3 202
Based on where the stock opens tomorrow, if ZUARI opens on a positive note, our first target will be ₹231. If Target 1 is achieved, we will aim for Target 2 which is ₹240.

But if ZUARI falls below the average value of ₹225.32, you can enter a sell side position with target number 1 - ₹216 and second target - ₹211 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 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, 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 Decreasing 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 ₹232 in morning tomorrow
Target 1 tomorrow231
Target 2 tomorrow234
Target 3 tomorrow240
 

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 ₹230.64. If Target 1 is achieved, we will aim for Target 2 which is ₹239.72.

But if ZUARI falls below the average value of ₹225.32, you can enter a sell side position with target number 1 - ₹216.24 and second target - ₹210.92

ZUARI's Weekly Targets
1st Up Target 243.34
2nd Up Target 265.12
1st Down Target 209.89
2nd Down Target 198.22

As the week for ZUARI ended on bearish sentiments, we can expect further continuation of this sentiment. ZUARI's initial target will be 243.34 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 209.89 in the upcoming week.

Weekly OHLC Values
Open 241.50
High 253.45
Low 220.00
Close 221.56

Week for ZUARI started with an open price of 241.50, and the close was at 221.56. ZUARI reached the highest of 253.45 and dipped lowest up to 220.00 last week. This indicates a bearish sentiment for the week.

ZUARI full month swing targets
Monthly Up Target 1 276.79
Monthly Up Target 2 298.57
Monthly Down Target 1 176.44
Monthly Down Target 2 131.32

Targets of ₹276.79 can be expected to be reached in the coming month. Once ZUARI achieved this target, we can aim for the next upside target of ₹298.57.

ZUARI if fails to hold upside, down targets of ₹176.44 and ₹131.32 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 230.64 in tomorrow's trading session.

After achieving the initial target in ZUARI, we will aim for higher targets of 239.72 tomorrow.

However, if ZUARI starts to trade below ₹225.32, then we will shift our focus to the sell side and aim for down targets of 216.24 and 210.92.