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

Seshasayee Paper and Boards Limited

Symbol: NSE:SESHAPAPER

ISIN: INE630A01024

338.20

As on 2024-07-23

254.15 (52W Low) 421.85 (52W High)

SESHAPAPER's Today's Performance

Seshasayee Paper and Boards Limited started the day by opening at 339.90 today 2024-07-23. Its shares reached a high of 343.60 and dipped to a low of 325.10 in intraday. When the markets closed, SESHAPAPER’s stock price settled at ₹338.20 per share. Also check out its key support and resistance levels.

SESHAPAPER Buy/Sell Targets

Tomorrow, sell SESHAPAPER when its price reaches ₹ 338.20 with a stop-loss order at ₹ 347.20. You can set the target price as ₹ 329.20 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 SESHAPAPER 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 SESHAPAPER

Downside Targets Value in ₹
Tomorrow Down Target 1 346
Tomorrow Down Target 2 354
Tomorrow Down Target 3 365

Important Levels for SESHAPAPER

Holding Levels Value in ₹
Tomorrow Up Target 1 328
Tomorrow Up Target 2 317
Tomorrow Up Target 3 309
Based on where the stock opens tomorrow, if SESHAPAPER opens on a positive note, our first target will be ₹346. If Target 1 is achieved, we will aim for Target 2 which is ₹354.

But if SESHAPAPER falls below the average value of ₹335.63, you can enter a sell side position with target number 1 - ₹328 and second target - ₹317 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 SESHAPAPER

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

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

Tomorrow's Volume based share price Forecast for SESHAPAPER

SESHAPAPER'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 -45%.

Reversal detection for SESHAPAPER

Predicted trend chart of SESHAPAPER tomorrow for price forecast
SESHAPAPER may trend may continue to be bearish since stock is making lower low and we can get target of ₹342 in morning tomorrow
Target 1 tomorrow343
Target 2 tomorrow347
Target 3 tomorrow354
 

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 SESHAPAPER'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 SESHAPAPER opens on a positive note, our first target will be ₹346.17. If Target 1 is achieved, we will aim for Target 2 which is ₹354.13.

But if SESHAPAPER falls below the average value of ₹335.63, you can enter a sell side position with target number 1 - ₹327.67 and second target - ₹317.13

SESHAPAPER's Weekly Targets
1st Up Target 353.67
2nd Up Target 369.13
1st Down Target 323.92
2nd Down Target 309.63

As the week for SESHAPAPER ended on bearish sentiments, we can expect further continuation of this sentiment. SESHAPAPER's initial target will be 353.67 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 323.92 in the upcoming week.

Weekly OHLC Values
Open 340.05
High 354.85
Low 325.10
Close 338.20

Week for SESHAPAPER started with an open price of 340.05, and the close was at 338.20. SESHAPAPER reached the highest of 354.85 and dipped lowest up to 325.10 last week. This indicates a bearish sentiment for the week.

SESHAPAPER full month swing targets
Monthly Up Target 1 383.42
Monthly Up Target 2 398.88
Monthly Down Target 1 294.17
Monthly Down Target 2 250.13

Targets of ₹383.42 can be expected to be reached in the coming month. Once SESHAPAPER achieved this target, we can aim for the next upside target of ₹398.88.

SESHAPAPER if fails to hold upside, down targets of ₹294.17 and ₹250.13 can be achieved by end of this month.

For complete three weeks if SESHAPAPER 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 SESHAPAPER

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GRASIM Grasim Industries Limited Building Materials

Summary

SESHAPAPER is expected to reach the target of 346.17 in tomorrow's trading session.

After achieving the initial target in SESHAPAPER, we will aim for higher targets of 354.13 tomorrow.

However, if SESHAPAPER starts to trade below ₹335.63, then we will shift our focus to the sell side and aim for down targets of 327.67 and 317.13.