Stock Information Portal

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

Sah Polymers Limited

Symbol: NSE:SAH

ISIN: INE035801013

88.12

As on 2024-07-12

81.55 (52W Low) 134.30 (52W High)

SAH's Today's Performance

Sah Polymers Limited started the day by opening at 88.90 today 2024-07-12. Its shares reached a high of 89.00 and dipped to a low of 87.22 in intraday. When the markets closed, SAH’s stock price settled at ₹88.12 per share. Also check out its key support and resistance levels.

SAH Buy/Sell Targets

Tomorrow, buy SAH when its price reaches ₹ 88.12 with a stop-loss order at ₹ 85.09. You can set the target price as ₹ 91.15 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 SAH 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 SAH

Downside Targets Value in ₹
Tomorrow Down Target 1 89
Tomorrow Down Target 2 90
Tomorrow Down Target 3 91

Important Levels for SAH

Holding Levels Value in ₹
Tomorrow Up Target 1 87
Tomorrow Up Target 2 86
Tomorrow Up Target 3 85
Based on where the stock opens tomorrow, if SAH opens on a positive note, our first target will be ₹89. If Target 1 is achieved, we will aim for Target 2 which is ₹90.

But if SAH falls below the average value of ₹88.11, you can enter a sell side position with target number 1 - ₹87 and second target - ₹86 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 SAH

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

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

Tomorrow's Volume based share price Forecast for SAH

SAH'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 189%.

Reversal detection for SAH

Predicted trend chart of SAH tomorrow for price forecast
SAH may trend may continue to be bullish since stock is making higher highs and we can get target of ₹88 in morning tomorrow
Target 1 tomorrow89
Target 2 tomorrow89
Target 3 tomorrow90
 

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 SAH'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 SAH opens on a positive note, our first target will be ₹89.01. If Target 1 is achieved, we will aim for Target 2 which is ₹89.89.

But if SAH falls below the average value of ₹88.11, you can enter a sell side position with target number 1 - ₹87.23 and second target - ₹86.33

SAH's Weekly Targets
1st Up Target 94.43
2nd Up Target 100.74
1st Down Target 81.68
2nd Down Target 75.24

As the week for SAH ended on bearish sentiments, we can expect further continuation of this sentiment. SAH's initial target will be 94.43 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 81.68 in the upcoming week.

Weekly OHLC Values
Open 94.30
High 94.30
Low 81.55
Close 88.12

Week for SAH started with an open price of 94.30, and the close was at 88.12. SAH reached the highest of 94.30 and dipped lowest up to 81.55 last week. This indicates a bearish sentiment for the week.

SAH full month swing targets
Monthly Up Target 1 107.18
Monthly Up Target 2 113.49
Monthly Down Target 1 68.93
Monthly Down Target 2 49.74

Targets of ₹107.18 can be expected to be reached in the coming month. Once SAH achieved this target, we can aim for the next upside target of ₹113.49.

SAH if fails to hold upside, down targets of ₹68.93 and ₹49.74 can be achieved by end of this month.

For complete three weeks if SAH 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 SAH

Symbol Name Industry
MARUTI Maruti Suzuki India Limited Auto Manufacturers
TATAMTRDVR Tata Motors Limited Auto Manufacturers
TATAMOTORS Tata Motors Limited Auto Manufacturers
TITAN Titan Company Limited Luxury Goods
BAJAJ-AUTO Bajaj Auto Limited Auto Manufacturers

Summary

SAH is expected to reach the target of 89.01 in tomorrow's trading session.

After achieving the initial target in SAH, we will aim for higher targets of 89.89 tomorrow.

However, if SAH starts to trade below ₹88.11, then we will shift our focus to the sell side and aim for down targets of 87.23 and 86.33.