In this post, we will find BSHSL's targets for tomorrow's (Fri 24 May 2024)trading session using multiple indicators and technical data.
BSHSL's today's performance will also be taken into factor to calculate targets for tomorrow as it sets benchmark for analysis.
What happened to BSHSL share's today
Today Thu 23 May 2024, BSHSL opened at a price of Rs. 206.50 , made a low of 206.00. The stock made a high of 209.50 and it finally closed at Rs. 206.20.
The average price that BSHSL trades was Rs. 207.71 . The total traded qty for BSHSL was 8658 with a total turnover of Rs. 17.98 Lakhs. A total of 637 trades took place in BSHSL with a delivery percentage of 61.75
BSHSL prediction for tomorrow
The minimum share price target prediction of BSHSL for tomorrow Fri 24 May 2024 is Rs. 208.47, and the maximum share price target is Rs. 211.97
Possible trend direction for BSHSL will be Bearish trend without any significant breakout as per daily closing data. The mean value that the stock may trade will be Rs. 207.23. If you find BSHSL above 207.23, it will act as a strong support level. Whereas if the stock is trading below its mean value, it will act as strong resistance.
What are important support and resistance levels for BSHSL for tomorrow?
The image below displays major support(blue line) and resistance(red line) levels for BSHSL which might be usefull in coming trading sessions. Generally, supports are a good place to enter BUY side and resistance is where you should book your profits.
Important intraday Support and Resistance levels for BSHSL for tomorrow Fri 24 May 2024 will be 206.20 and 206.00 as Support levels whereas 206.50 and 209.50 as important Resistance levels.
BSHSL's forecasted price using Fibonacci levels
As per Fibonacci levels, the share price target of BSHSL for tomorrow will be between Rs. 208.57 to Rs. 210.73. The downside targets, according to Fibonacci, will we see 205.9 as the first target 205.07 as the second target and 203.73 as the third target.
Daily Fibonacci Targets for BSHSL
| Levels | Value |
|---|---|
| Target 1 | Rs. 208.57 |
| Target 2 | Rs. 209.4 |
| Target 3 | Rs. 210.73 |
Downside target for BSHSL using Fibonacci levels
| Levels | Target |
|---|---|
| Target 1 | Rs. 205.9 |
| Target 2 | Rs. 205.07 |
| Target 3 | Rs. 203.73 |
Pivot analysis of BSHSL for price prediction
Pivot points are a great way to forecast tomorrow's targets for BSHSL. Pivot points are based on the previous day's price levels, which can hold historical significance for traders. These levels can act as psychological barriers where traders have previously made trading decisions, and they might continue to do so in the future.
BSHSL's price forecast for tomorrow using Pivots
| Pivot Levels | Target |
|---|---|
| R1 | 208.47 |
| R2 | 210.73 |
| R3 | 211.97 |
BSHSL Share Price Target analysis for tomorrow using AI
Dailybulls rating for BSHSL for tomorrow is -0.02% suggesting a Mildly Bearish trend. This value is calculated using Dailybulls Ai analysis tool. A higher value represents high volatility. Check this value daily to know the market trend. A negative value suggests potential fall in market in coming trading session. Shares of BSHSL may show a downward movement tomorrow, but the momentum will be weak.
Will BSHSL go Up or Down Tomorrow?
Tomorrow, Bombay Super Hybrid Seeds Ltd (BSHSL) movement will be DOWN, and we might see a Mildly Bearish move in BSHSL. The key level of Rs. 207.23 will act as strong support if BSHSL trades above it and strong resistance if the share trades below it.
Historical data for BSHSL
| Date | Open Price | High Price | Low Price | Last Price | Close Price | Deliv Per |
|---|---|---|---|---|---|---|
| 23-May-2024 | 206.50 | 209.50 | 206.00 | 206.90 | 206.20 | 61.75 |
| 22-May-2024 | 208.15 | 211.95 | 205.45 | 205.80 | 206.25 | 68.98 |
| 21-May-2024 | 213.00 | 213.00 | 207.00 | 208.00 | 208.55 | 56.49 |
| 18-May-2024 | 217.00 | 217.00 | 208.05 | 213.00 | 213.00 | 68.56 |
| 17-May-2024 | 212.40 | 216.90 | 207.75 | 214.45 | 212.05 | 25.63 |
Forecast Summary
| Indicator bases targets | Value in Rs |
|---|---|
| 5 EMA | 210.01 |
| 9 EMA | 210.09 |
| 20 EMA | 210.82 |
| 50 EMA | 208.64 |
| Pivot S1 | 204.97 |
| Pivot S2 | 203.73 |
| Pivot S3 | 201.47 |
| Pivot R1 | 208.47 |
| Pivot R2 | 210.73 |
| Pivot R3 | 211.97 |
| Fibonacci S1 | 205.9 |
| Fibonacci S2 | 205.07 |
| Fibonacci S3 | 203.73 |
| Fibonacci R1 | 208.57 |
| Fibonacci R2 | 209.4 |
| Fibonacci R3 | 210.73 |
Conclusion
Now that we are at the end of this post, I hope tomorrow's target values for BSHSL will help you to better decide entry and exit levels. In order to fully utilize these target, make sure to mark these target levels on your chart before the market opens. All the mentioned levels will act as Support when trading above the level and Resistance when trading below that particular level.
