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Redtape Share Price Target - Tomorrow, Next Week & Next Month
Redtape Limited | |||
Symbol: REDTAPE | |||
Price: ₹806.79 | |||
Exchange: NSE | |||
Consumer Cyclical -> Footwear & Accessories |
Show Table of Contents
Table of Contents
- 1: Redtape Recent Performance
- 2: Chart: Redtape Share Price Target - Tomorrow
- 3: Table: Redtape Share Price Target - Tomorrow
- 4: Summary: Redtape Share Price Prediction For Tomorrow
- 5: Chart: Redtape Share Price Target - Next Week
- 6: Table: Redtape Share Price Target - Next Week
- 7: Summary: Redtape Share Price Prediction For Next Week
- 8: Chart: Redtape Share Price Target - Next Month
- 9: Table: Redtape Share Price Target - Next Month
- 10: Summary: Redtape Share Price Prediction For Next Month
Redtape Recent Performance
Over the past 24 trading days, the value of Redtape's stock has decreased by ₹116.05 (-12.58%). On 17 Oct 2024, one share was worth ₹922.84 and by 21 Nov 2024, the value dropped to ₹806.79. During this period it created a highest high of ₹980.00 and lowest low of ₹791.90.
Below Image represents line chart of daily close price of Redtape, helping you visualize how the price has changed day by day.
Chart: Redtape Share Price Target - Tomorrow
The line chart displays the Redtape daily closing prices for the past 24 trading days using a black line. The green line indicates the potential targets, while the red line shows the potential Stop-Loss (SL) levels.
For detailed target and stop loss values for Redtape shares for Thu 21 Nov 2024, see the table below.
Table: Redtape Share Price Target - Tomorrow
By analyzing Redtape stock with yesterday and past crucial price points and technical indicators we derived following targets for: Fri, 22 Nov, 2024!
Redtape's Levels | Value | Reason/Importance |
---|---|---|
Tomorrow Target 3 | 833.43 (+3.3%) | Fibonacci Extension Level 150% |
Tomorrow Target 2 | 824.00 (+2.13%) | Price Action: 14 Nov 2024 Low |
Tomorrow Target 1 | 815.27 (+1.05%) | Price Action: Chart |
Current Price | 806.79 | Redtape's 1 share price as of Thu 21 Nov 2024 |
Stop Loss 1 | 801.50 (-0.66%) | Price Action: Nov 2024 Low |
Stop Loss 2 | 797.09 (-1.21%) | Price Action: Chart |
Stop Loss 3 | 792.07 (-1.83%) | Price Action: Chart |
Summary: Redtape Share Price Prediction For Tomorrow
Thu 21 Nov 2024: Redtape finished the day at ₹806.79, losing ₹-1.16 (-0.14%) in 1 day.
In summary, our analysis of Redtape for tomorrow predicts a rise of 1.05% to 3.3% with three potential targets T1: ₹815.27, T2: ₹824.00, T3: ₹833.43 and Stop-Loss (SL) at SL1: ₹801.50, SL2: ₹797.09, SL3: ₹792.07.
Additionally, we've identified a support level at ₹791.90 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹824.95, which is like a ceiling at which the price might have a hard time breaking through. These targets are based on our study of past trends and technical analysis using various indicators.
Over the last 24 trading days, the stock has dropped -12.58%, indicating it could be a excellent option for intra day trading as it has shown big price movements. During this period, its price fluctuated between 980.00 and 791.90.
After looking at tomorrow's share price prediction, let's now check what next week might hold for Redtape.
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Chart: Redtape Share Price Target - Next Week
The chart displays the Redtape weekly closing prices for the past 25 trading weeks using a black line. It also shows three targets using a green line, while the red line shows the potential Stop-Loss (SL) levels for next week.
For detailed target and stop loss values for Redtape shares for next week, see the table below.
Table: Redtape Share Price Target - Next Week
By analyzing Redtape stock with yesterday and past crucial price points and technical indicators we derived following targets for the next week!
Redtape's Levels | Value | Reason/Importance |
---|---|---|
Next Week Target 3 | 863.70 (+7.05%) | Price Action: 13 Nov 2024 Low |
Next Week Target 2 | 850.09 (+5.36%) | Price Action: 28 Oct 2024 Low |
Next Week Target 1 | 838.09 (+3.87%) | Price Action: 18 Nov 2024 High |
Current Price | 806.79 | Redtape's 1 share price as of Thu 21 Nov 2024 |
Stop Loss 1 | 788.00 (-2.33%) | Price Action: Sep 2024 High |
Stop Loss 2 | 779.27 (-3.42%) | Technical Indicator: MA50 |
Stop Loss 3 | 760.30 (-5.77%) | Fibonacci Retracement Extended 28.2% |
Summary: Redtape Share Price Prediction For Next Week
As of Thu 21 Nov 2024, Redtape share price stands at ₹806.79, losing ₹-19.55 (-2.37%) in this week.
In summary, our analysis of Redtape for next week predicts a rise of 3.87% to 7.05% with three potential targets T1: ₹838.09, T2: ₹850.09, T3: ₹863.70 and Stop-Loss (SL) at SL1: ₹788.00, SL2: ₹779.27, SL3: ₹760.30.
Additionally, we've identified a support level at ₹791.90 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹844.50, which is like a ceiling at which the price might have a hard time breaking through.
After looking at tomorrow's and next week's share price prediction, let's now check what next month might hold for Redtape.
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Chart: Redtape Share Price Target - Next Month
The chart displays the Redtape monthly closing prices for the past 16 months using a black line. It also shows three targets using green line, while the red line shows the potential Stop-Loss (SL) levels.
For detailed target and stop loss values for Redtape shares for next month, see the table below.
Table: Redtape Share Price Target - Next Month
By analyzing Redtape stock with yesterday and past crucial price points and technical indicators we derived following targets for Next Month!
Redtape's Levels | Value | Reason/Importance |
---|---|---|
Next Month Target 3 | 868.50 (+7.64%) | Price Action: 30 Oct 2024 Low |
Next Month Target 2 | 858.15 (+6.36%) | Price Action: 29 Oct 2024 Low |
Next Month Target 1 | 844.50 (+4.67%) | Price Action: 19 Nov 2024 High |
Current Price | 806.79 | Redtape's 1 share price as of Thu 21 Nov 2024 |
Stop Loss 1 | 795.62 (-1.39%) | Price Action: Chart |
Stop Loss 2 | 779.27 (-3.42%) | Technical Indicator: MA50 |
Stop Loss 3 | 760.25 (-5.77%) | Price Action: Jun 2024 Low |
Summary: Redtape Share Price Prediction For Next Month
As of Thu 21 Nov 2024, Redtape share price stands at ₹806.79, losing ₹-160.55 (-16.60%) in this month.
In summary, our analysis of Redtape for next month predicts a rise of 4.67% to 7.64% with three potential targets T1: ₹844.50, T2: ₹858.15, T3: ₹868.50 and Stop-Loss (SL) at SL1: ₹795.62, SL2: ₹779.27, SL3: ₹760.25.
Additionally, we've identified a support level at 791.90 — think of this as a safety net where the price might stop falling and there's also a resistance level at 980.00, which is like a ceiling at which the price might have a hard time breaking through.
After looking at tomorrow's, next week's and next month's share price prediction, you might wonder what this year or next year might hold for Redtape, we created a specific page for that check here: Redtape Share Price target for 2024 and 2025
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As we wrap up, we hope you like our study on Redtape short term share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
Show Methodology We Use
Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyze historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.