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

Sakthi Sugars Limited

Symbol: NSE:SAKHTISUG

ISIN: INE623A01011

34.60

As on 2024-04-19

20.95 (52W Low) 46.75 (52W High)

SAKHTISUG's Today's Performance

Sakthi Sugars Limited started the day by opening at 33.80 today 2024-04-19. Its shares reached a high of 34.80 and dipped to a low of 33.40 in intraday. When the markets closed, SAKHTISUG’s stock price settled at ₹34.60 per share. Also check out its key support and resistance levels.

SAKHTISUG Buy/Sell Targets

Tomorrow, buy SAKHTISUG when its price reaches ₹ 34.60 with a stop-loss order at ₹ 33.83. You can set the target price as ₹ 35.37 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 SAKHTISUG 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 SAKHTISUG

Downside Targets Value in ₹
Tomorrow Down Target 1 35
Tomorrow Down Target 2 36
Tomorrow Down Target 3 37

Important Levels for SAKHTISUG

Holding Levels Value in ₹
Tomorrow Up Target 1 34
Tomorrow Up Target 2 33
Tomorrow Up Target 3 32
Based on where the stock opens tomorrow, if SAKHTISUG opens on a positive note, our first target will be ₹35. If Target 1 is achieved, we will aim for Target 2 which is ₹36.

But if SAKHTISUG falls below the average value of ₹34.27, you can enter a sell side position with target number 1 - ₹34 and second target - ₹33 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 SAKHTISUG

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

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

Tomorrow's Volume based share price Forecast for SAKHTISUG

SAKHTISUG'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 112%.

Reversal detection for SAKHTISUG

Predicted trend chart of SAKHTISUG tomorrow for price forecast
SAKHTISUG may trend may continue to be bullish since stock is making higher highs and we can get target of ₹34 in morning tomorrow
Target 1 tomorrow35
Target 2 tomorrow35
Target 3 tomorrow36
 

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 SAKHTISUG'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 SAKHTISUG opens on a positive note, our first target will be ₹35.13. If Target 1 is achieved, we will aim for Target 2 which is ₹35.67.

But if SAKHTISUG falls below the average value of ₹34.27, you can enter a sell side position with target number 1 - ₹33.73 and second target - ₹32.87

SAKHTISUG's Weekly Targets
1st Up Target 35.72
2nd Up Target 36.83
1st Down Target 33.07
2nd Down Target 31.53

As the week for SAKHTISUG ended on bearish sentiments, we can expect further continuation of this sentiment. SAKHTISUG's initial target will be 35.72 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 33.07 in the upcoming week.

Weekly OHLC Values
Open 35.00
High 35.30
Low 32.65
Close 34.60

Week for SAKHTISUG started with an open price of 35.00, and the close was at 34.60. SAKHTISUG reached the highest of 35.30 and dipped lowest up to 32.65 last week. This indicates a bearish sentiment for the week.

SAKHTISUG full month swing targets
Monthly Up Target 1 38.37
Monthly Up Target 2 39.48
Monthly Down Target 1 30.42
Monthly Down Target 2 26.23

Targets of ₹38.37 can be expected to be reached in the coming month. Once SAKHTISUG achieved this target, we can aim for the next upside target of ₹39.48.

SAKHTISUG if fails to hold upside, down targets of ₹30.42 and ₹26.23 can be achieved by end of this month.

For complete three weeks if SAKHTISUG 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.

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Summary

SAKHTISUG is expected to reach the target of 35.13 in tomorrow's trading session.

After achieving the initial target in SAKHTISUG, we will aim for higher targets of 35.67 tomorrow.

However, if SAKHTISUG starts to trade below ₹34.27, then we will shift our focus to the sell side and aim for down targets of 33.73 and 32.87.