Price and trend forecast of SBCL for Tomorrow, Weekly, Monthly
Shivalik Bimetal Controls Limited
Symbol: NSE:SBCL
ISIN: INE386D01027
561.00
As on 2024-09-06
SBCL's Today's Performance
Shivalik Bimetal Controls Limited started the day by opening at 569.15 today 2024-09-06. Its shares reached a high of 576.90 and dipped to a low of 553.35 in intraday. When the markets closed, SBCL’s stock price settled at ₹561.00 per share. Also check out its key support and resistance levels.
SBCL Buy/Sell Targets
Tomorrow, sell SBCL when its price reaches ₹ 561.00 with a stop-loss order at ₹ 573.80. You can set the target price as ₹ 548.20 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 SBCL 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 SBCL
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 574 |
| Tomorrow Down Target 2 | 587 |
| Tomorrow Down Target 3 | 598 |
Important Levels for SBCL
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 551 |
| Tomorrow Up Target 2 | 540 |
| Tomorrow Up Target 3 | 527 |
Based on where the stock opens tomorrow, if SBCL opens on a positive note, our first target will be ₹574. If Target 1 is achieved, we will aim for Target 2 which is ₹587.
But if SBCL falls below the average value of ₹563.75, you can enter a sell side position with target number 1 - ₹551 and second target - ₹540 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 SBCL
Looking at SBCL, 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, SBCL has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for SBCL is moderate bearish.
Tomorrow's Volume based share price Forecast for SBCL
SBCL's Volume is currently in a Increasing 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 -41%.
Reversal detection for SBCL
SBCL may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹575 in morning tomorrow
| Target 1 tomorrow | 573 |
| Target 2 tomorrow | 578 |
| Target 3 tomorrow | 587 |
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 SBCL'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 SBCL opens on a positive note, our first target will be ₹574.15. If Target 1 is achieved, we will aim for Target 2 which is ₹587.30.
But if SBCL falls below the average value of ₹563.75, you can enter a sell side position with target number 1 - ₹550.60 and second target - ₹540.20
SBCL's Weekly Targets
| 1st Up Target | 586.88 |
| 2nd Up Target | 612.77 |
| 1st Down Target | 544.23 |
| 2nd Down Target | 527.47 |
As the week for SBCL ended on bearish sentiments, we can expect further continuation of this sentiment. SBCL's initial target will be 586.88 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 544.23 in the upcoming week.
Weekly OHLC Values
| Open | 570.00 |
| High | 596.00 |
| Low | 553.35 |
| Close | 561.00 |
Week for SBCL started with an open price of 570.00, and the close was at 561.00. SBCL reached the highest of 596.00 and dipped lowest up to 553.35 last week. This indicates a bearish sentiment for the week.
SBCL full month swing targets
| Monthly Up Target 1 | 629.53 |
| Monthly Up Target 2 | 655.42 |
| Monthly Down Target 1 | 501.58 |
| Monthly Down Target 2 | 442.17 |
Targets of ₹629.53 can be expected to be reached in the coming month. Once SBCL achieved this target, we can aim for the next upside target of ₹655.42.
SBCL if fails to hold upside, down targets of ₹501.58 and ₹442.17 can be achieved by end of this month.
For complete three weeks if SBCL 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 SBCL
| Symbol | Name | Industry |
|---|---|---|
| LT | Larsen & Toubro Limited | Engineering & Construction |
| ADANIPORTS | Adani Ports and Special Economic Zone Limited | Marine Shipping |
| HAL | Hindustan Aeronautics Limited | Aerospace & Defense |
| SIEMENS | Siemens Limited | Specialty Industrial Machinery |
| BEL | Bharat Electronics Limited | Aerospace & Defense |
Summary
SBCL is expected to reach the target of 574.15 in tomorrow's trading session.
After achieving the initial target in SBCL, we will aim for higher targets of 587.30 tomorrow.
However, if SBCL starts to trade below ₹563.75, then we will shift our focus to the sell side and aim for down targets of 550.60 and 540.20.