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

Sakar Healthcare Limited

Symbol: NSE:SAKAR

ISIN: INE732S01012

362.20

As on 2024-04-12

210.00 (52W Low) 479.00 (52W High)

SAKAR's Today's Performance

Sakar Healthcare Limited started the day by opening at 369.10 today 2024-04-12. Its shares reached a high of 378.35 and dipped to a low of 360.00 in intraday. When the markets closed, SAKAR’s stock price settled at ₹362.20 per share. Also check out its key support and resistance levels.

SAKAR Buy/Sell Targets

Tomorrow, sell SAKAR when its price reaches ₹ 362.20 with a stop-loss order at ₹ 368.27. You can set the target price as ₹ 356.13 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 SAKAR for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for SAKAR

Resistance Levels Value in ₹
Tomorrow Resistance 1 374
Tomorrow Resistance 2 385
Tomorrow Resistance 3 392

Important Supports for SAKAR

Support Levels Value in ₹
Tomorrow Support 1 355
Tomorrow Support 2 349
Tomorrow Support 3 337
Based on where the stock opens tomorrow, if SAKAR opens on a positive note, our first target will be ₹374. If Target 1 is achieved, we will aim for Target 2 which is ₹385.

But if SAKAR falls below the average value of ₹366.85, you can enter a sell side position with target number 1 - ₹355 and second target - ₹349 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 SAKAR

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

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

Tomorrow's Volume based share price Forecast for SAKAR

SAKAR'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 12%.

Reversal detection for SAKAR

Predicted trend chart of SAKAR tomorrow for price forecast
SAKAR may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹370 in morning tomorrow
Target 1 tomorrow374
Target 2 tomorrow378
Target 3 tomorrow385
 

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 SAKAR'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 SAKAR opens on a positive note, our first target will be ₹373.70. If Target 1 is achieved, we will aim for Target 2 which is ₹385.20.

But if SAKAR falls below the average value of ₹366.85, you can enter a sell side position with target number 1 - ₹355.35 and second target - ₹348.50

SAKAR's Weekly Targets
1st Up Target 378.13
2nd Up Target 394.07
1st Down Target 353.13
2nd Down Target 344.07

As the week for SAKAR ended on bearish sentiments, we can expect further continuation of this sentiment. SAKAR's initial target will be 378.13 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 353.13 in the upcoming week.

Weekly OHLC Values
Open 371.55
High 385.00
Low 360.00
Close 362.20

Week for SAKAR started with an open price of 371.55, and the close was at 362.20. SAKAR reached the highest of 385.00 and dipped lowest up to 360.00 last week. This indicates a bearish sentiment for the week.

SAKAR full month swing targets
Monthly Up Target 1 403.13
Monthly Up Target 2 419.07
Monthly Down Target 1 328.13
Monthly Down Target 2 294.07

Targets of ₹403.13 can be expected to be reached in the coming month. Once SAKAR achieved this target, we can aim for the next upside target of ₹419.07.

SAKAR if fails to hold upside, down targets of ₹328.13 and ₹294.07 can be achieved by end of this month.

For complete three weeks if SAKAR 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 SAKAR

Symbol Name Industry
SUNPHARMA Sun Pharmaceutical Industries Limited Drug Manufacturers - Specialty & Generic
CIPLA Cipla Limited Drug Manufacturers - General
DRREDDY Dr. Reddy's Laboratories Limited Drug Manufacturers - Specialty & Generic
ZYDUSLIFE Zydus Lifesciences Limited Drug Manufacturers - Specialty & Generic
APOLLOHOSP Apollo Hospitals Enterprise Limited Medical Care Facilities

Summary

SAKAR is expected to reach the target of 373.70 in tomorrow's trading session.

After achieving the initial target in SAKAR, we will aim for higher targets of 385.20 tomorrow.

However, if SAKAR starts to trade below ₹366.85, then we will shift our focus to the sell side and aim for down targets of 355.35 and 348.50.