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

ZUARI INDUSTRIES LIMITED

Symbol: NSE:ZUARIIND

ISIN: INE217A01012

364.50

As on 2024-07-19

136.10 (52W Low) 423.40 (52W High)

ZUARIIND's Today's Performance

ZUARI INDUSTRIES LIMITED started the day by opening at 382.45 today 2024-07-19. Its shares reached a high of 384.95 and dipped to a low of 359.00 in intraday. When the markets closed, ZUARIIND’s stock price settled at ₹364.50 per share. Also check out its key support and resistance levels.

ZUARIIND Buy/Sell Targets

Tomorrow, sell ZUARIIND when its price reaches ₹ 364.50 with a stop-loss order at ₹ 373.31. You can set the target price as ₹ 355.69 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 ZUARIIND 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 ZUARIIND

Downside Targets Value in ₹
Tomorrow Down Target 1 380
Tomorrow Down Target 2 395
Tomorrow Down Target 3 406

Important Levels for ZUARIIND

Holding Levels Value in ₹
Tomorrow Up Target 1 354
Tomorrow Up Target 2 344
Tomorrow Up Target 3 328
Based on where the stock opens tomorrow, if ZUARIIND opens on a positive note, our first target will be ₹380. If Target 1 is achieved, we will aim for Target 2 which is ₹395.

But if ZUARIIND falls below the average value of ₹369.48, you can enter a sell side position with target number 1 - ₹354 and second target - ₹344 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 ZUARIIND

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

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

Tomorrow's Volume based share price Forecast for ZUARIIND

ZUARIIND'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 37%.

Reversal detection for ZUARIIND

Predicted trend chart of ZUARIIND tomorrow for price forecast
ZUARIIND may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹383 in morning tomorrow
Target 1 tomorrow379
Target 2 tomorrow386
Target 3 tomorrow395
 

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 ZUARIIND'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 ZUARIIND opens on a positive note, our first target will be ₹379.97. If Target 1 is achieved, we will aim for Target 2 which is ₹395.43.

But if ZUARIIND falls below the average value of ₹369.48, you can enter a sell side position with target number 1 - ₹354.02 and second target - ₹343.53

ZUARIIND's Weekly Targets
1st Up Target 389.67
2nd Up Target 414.83
1st Down Target 349.17
2nd Down Target 333.83

As the week for ZUARIIND ended on bearish sentiments, we can expect further continuation of this sentiment. ZUARIIND's initial target will be 389.67 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 349.17 in the upcoming week.

Weekly OHLC Values
Open 397.90
High 399.50
Low 359.00
Close 364.50

Week for ZUARIIND started with an open price of 397.90, and the close was at 364.50. ZUARIIND reached the highest of 399.50 and dipped lowest up to 359.00 last week. This indicates a bearish sentiment for the week.

ZUARIIND full month swing targets
Monthly Up Target 1 430.17
Monthly Up Target 2 455.33
Monthly Down Target 1 308.67
Monthly Down Target 2 252.83

Targets of ₹430.17 can be expected to be reached in the coming month. Once ZUARIIND achieved this target, we can aim for the next upside target of ₹455.33.

ZUARIIND if fails to hold upside, down targets of ₹308.67 and ₹252.83 can be achieved by end of this month.

For complete three weeks if ZUARIIND 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

ZUARIIND is expected to reach the target of 379.97 in tomorrow's trading session.

After achieving the initial target in ZUARIIND, we will aim for higher targets of 395.43 tomorrow.

However, if ZUARIIND starts to trade below ₹369.48, then we will shift our focus to the sell side and aim for down targets of 354.02 and 343.53.