Price and trend forecast of SARDAEN for Tomorrow, Weekly, Monthly
Sarda Energy & Minerals Limited
Symbol: NSE:SARDAEN
ISIN: INE385C01013
367.95
As on 2024-09-11
SARDAEN's Today's Performance
Sarda Energy & Minerals Limited started the day by opening at 370.00 today 2024-09-11. Its shares reached a high of 376.95 and dipped to a low of 363.25 in intraday. When the markets closed, SARDAEN’s stock price settled at ₹367.95 per share. Also check out its key support and resistance levels.
SARDAEN Buy/Sell Targets
Tomorrow, sell SARDAEN when its price reaches ₹ 367.95 with a stop-loss order at ₹ 375.58. You can set the target price as ₹ 360.32 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 SARDAEN 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 SARDAEN
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 376 |
| Tomorrow Down Target 2 | 383 |
| Tomorrow Down Target 3 | 389 |
Important Levels for SARDAEN
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 362 |
| Tomorrow Up Target 2 | 356 |
| Tomorrow Up Target 3 | 348 |
Based on where the stock opens tomorrow, if SARDAEN opens on a positive note, our first target will be ₹376. If Target 1 is achieved, we will aim for Target 2 which is ₹383.
But if SARDAEN falls below the average value of ₹369.38, you can enter a sell side position with target number 1 - ₹362 and second target - ₹356 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 SARDAEN
Looking at SARDAEN, 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, SARDAEN has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for SARDAEN is strong bullish.
Tomorrow's Volume based share price Forecast for SARDAEN
SARDAEN's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 74%.
Reversal detection for SARDAEN
SARDAEN may trend may continue to be bearish since stock is making lower low and we can get target of ₹364 in morning tomorrow
| Target 1 tomorrow | 375 |
| Target 2 tomorrow | 378 |
| Target 3 tomorrow | 383 |
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 SARDAEN'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 SARDAEN opens on a positive note, our first target will be ₹375.52. If Target 1 is achieved, we will aim for Target 2 which is ₹383.08.
But if SARDAEN falls below the average value of ₹369.38, you can enter a sell side position with target number 1 - ₹361.82 and second target - ₹355.68
SARDAEN's Weekly Targets
| 1st Up Target | 380.32 |
| 2nd Up Target | 392.68 |
| 1st Down Target | 352.22 |
| 2nd Down Target | 336.48 |
As the week for SARDAEN ended on bullish sentiments, we can expect further continuation of this sentiment. SARDAEN's initial target will be 380.32 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 352.22 in the upcoming week.
Weekly OHLC Values
| Open | 356.90 |
| High | 376.95 |
| Low | 348.85 |
| Close | 367.95 |
Week for SARDAEN started with an open price of 356.90, and the close was at 367.95. SARDAEN reached the highest of 376.95 and dipped lowest up to 348.85 last week. This indicates a bullish sentiment for the week.
SARDAEN full month swing targets
| Monthly Up Target 1 | 408.42 |
| Monthly Up Target 2 | 420.78 |
| Monthly Down Target 1 | 324.12 |
| Monthly Down Target 2 | 280.28 |
Targets of ₹408.42 can be expected to be reached in the coming month. Once SARDAEN achieved this target, we can aim for the next upside target of ₹420.78.
SARDAEN if fails to hold upside, down targets of ₹324.12 and ₹280.28 can be achieved by end of this month.
For complete three weeks if SARDAEN 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.
Related Stocks in the Same Sector as SARDAEN
| Symbol | Name | Industry |
|---|---|---|
| ULTRACEMCO | UltraTech Cement Limited | Building Materials |
| ASIANPAINT | Asian Paints Limited | Specialty Chemicals |
| JSWSTEEL | JSW Steel Limited | Steel |
| TATASTEEL | Tata Steel Limited | Steel |
| GRASIM | Grasim Industries Limited | Building Materials |
Summary
SARDAEN is expected to reach the target of 375.52 in tomorrow's trading session.
After achieving the initial target in SARDAEN, we will aim for higher targets of 383.08 tomorrow.
However, if SARDAEN starts to trade below ₹369.38, then we will shift our focus to the sell side and aim for down targets of 361.82 and 355.68.