Price and trend forecast of ESAFSFB for Tomorrow, Weekly, Monthly
ESAF Small Finance Bank
Symbol: NSE:ESAFSFB
ISIN: N/A
51.45
As on 2024-07-26
ESAFSFB's Today's Performance
ESAF Small Finance Bank started the day by opening at 51.92 today 2024-07-26. Its shares reached a high of 52.29 and dipped to a low of 51.30 in intraday. When the markets closed, ESAFSFB’s stock price settled at ₹51.45 per share. Also check out its key support and resistance levels.
ESAFSFB Buy/Sell Targets
Tomorrow, buy ESAFSFB when its price reaches ₹ 51.45 with a stop-loss order at ₹ 50.88. You can set the target price as ₹ 52.03 to capture potential gains. This buy 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 ESAFSFB 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 ESAFSFB
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 52 |
| Tomorrow Down Target 2 | 53 |
| Tomorrow Down Target 3 | 53 |
Important Levels for ESAFSFB
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 51 |
| Tomorrow Up Target 2 | 51 |
| Tomorrow Up Target 3 | 50 |
Based on where the stock opens tomorrow, if ESAFSFB opens on a positive note, our first target will be ₹52. If Target 1 is achieved, we will aim for Target 2 which is ₹53.
But if ESAFSFB falls below the average value of ₹51.68, you can enter a sell side position with target number 1 - ₹51 and second target - ₹51 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 ESAFSFB
Looking at ESAFSFB, 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, ESAFSFB has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for ESAFSFB is strong bearish.
Tomorrow's Volume based share price Forecast for ESAFSFB
ESAFSFB's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 332%.
Reversal detection for ESAFSFB
ESAFSFB may trend may continue to be bullish since stock is making higher highs and we can get target of ₹51 in morning tomorrow
| Target 1 tomorrow | 52 |
| Target 2 tomorrow | 52 |
| Target 3 tomorrow | 53 |
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 ESAFSFB'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 ESAFSFB opens on a positive note, our first target will be ₹52.06. If Target 1 is achieved, we will aim for Target 2 which is ₹52.67.
But if ESAFSFB falls below the average value of ₹51.68, you can enter a sell side position with target number 1 - ₹51.07 and second target - ₹50.69
ESAFSFB's Weekly Targets
| 1st Up Target | 52.56 |
| 2nd Up Target | 53.66 |
| 1st Down Target | 50.08 |
| 2nd Down Target | 48.70 |
As the week for ESAFSFB ended on bullish sentiments, we can expect further continuation of this sentiment. ESAFSFB's initial target will be 52.56 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 50.08 in the upcoming week.
Weekly OHLC Values
| Open | 51.44 |
| High | 52.29 |
| Low | 49.81 |
| Close | 51.45 |
Week for ESAFSFB started with an open price of 51.44, and the close was at 51.45. ESAFSFB reached the highest of 52.29 and dipped lowest up to 49.81 last week. This indicates a bullish sentiment for the week.
ESAFSFB full month swing targets
| Monthly Up Target 1 | 55.04 |
| Monthly Up Target 2 | 56.14 |
| Monthly Down Target 1 | 47.60 |
| Monthly Down Target 2 | 43.74 |
Targets of ₹55.04 can be expected to be reached in the coming month. Once ESAFSFB achieved this target, we can aim for the next upside target of ₹56.14.
ESAFSFB if fails to hold upside, down targets of ₹47.60 and ₹43.74 can be achieved by end of this month.
For complete three weeks if ESAFSFB 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 ESAFSFB
| Symbol | Name | Industry |
|---|---|---|
| HDFCBANK | HDFC Bank Limited | Banks - Regional |
| ICICIBANK | ICICI Bank Limited | Banks - Regional |
| SBIN | State Bank of India | Banks - Regional |
| LICI | Life Insurance Corporation Of India | Insurance - Life |
| BAJFINANCE | Bajaj Finance Limited | Credit Services |
Summary
ESAFSFB is expected to reach the target of 52.06 in tomorrow's trading session.
After achieving the initial target in ESAFSFB, we will aim for higher targets of 52.67 tomorrow.
However, if ESAFSFB starts to trade below ₹51.68, then we will shift our focus to the sell side and aim for down targets of 51.07 and 50.69.