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

Saksoft Limited

Symbol: NSE:SAKSOFT

ISIN: INE667G01023

292.70

As on 2024-07-24

209.95 (52W Low) 402.20 (52W High)

SAKSOFT's Today's Performance

Saksoft Limited started the day by opening at 282.95 today 2024-07-24. Its shares reached a high of 294.95 and dipped to a low of 282.95 in intraday. When the markets closed, SAKSOFT’s stock price settled at ₹292.70 per share. Also check out its key support and resistance levels.

SAKSOFT Buy/Sell Targets

Tomorrow, buy SAKSOFT when its price reaches ₹ 292.70 with a stop-loss order at ₹ 286.19. You can set the target price as ₹ 299.21 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 SAKSOFT 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 SAKSOFT

Downside Targets Value in ₹
Tomorrow Down Target 1 297
Tomorrow Down Target 2 302
Tomorrow Down Target 3 309

Important Levels for SAKSOFT

Holding Levels Value in ₹
Tomorrow Up Target 1 285
Tomorrow Up Target 2 278
Tomorrow Up Target 3 273
Based on where the stock opens tomorrow, if SAKSOFT opens on a positive note, our first target will be ₹297. If Target 1 is achieved, we will aim for Target 2 which is ₹302.

But if SAKSOFT falls below the average value of ₹290.20, you can enter a sell side position with target number 1 - ₹285 and second target - ₹278 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 SAKSOFT

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

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

Tomorrow's Volume based share price Forecast for SAKSOFT

SAKSOFT'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 43%.

Reversal detection for SAKSOFT

Predicted trend chart of SAKSOFT tomorrow for price forecast
SAKSOFT may trend may continue to be bullish since stock is making higher highs and we can get target of ₹282 in morning tomorrow
Target 1 tomorrow295
Target 2 tomorrow298
Target 3 tomorrow302
 

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 SAKSOFT'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 SAKSOFT opens on a positive note, our first target will be ₹297.45. If Target 1 is achieved, we will aim for Target 2 which is ₹302.20.

But if SAKSOFT falls below the average value of ₹290.20, you can enter a sell side position with target number 1 - ₹285.45 and second target - ₹278.20

SAKSOFT's Weekly Targets
1st Up Target 302.75
2nd Up Target 312.80
1st Down Target 277.85
2nd Down Target 263.00

As the week for SAKSOFT ended on bullish sentiments, we can expect further continuation of this sentiment. SAKSOFT's initial target will be 302.75 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 277.85 in the upcoming week.

Weekly OHLC Values
Open 292.00
High 297.95
Low 273.05
Close 292.70

Week for SAKSOFT started with an open price of 292.00, and the close was at 292.70. SAKSOFT reached the highest of 297.95 and dipped lowest up to 273.05 last week. This indicates a bullish sentiment for the week.

SAKSOFT full month swing targets
Monthly Up Target 1 327.65
Monthly Up Target 2 337.70
Monthly Down Target 1 252.95
Monthly Down Target 2 213.20

Targets of ₹327.65 can be expected to be reached in the coming month. Once SAKSOFT achieved this target, we can aim for the next upside target of ₹337.70.

SAKSOFT if fails to hold upside, down targets of ₹252.95 and ₹213.20 can be achieved by end of this month.

For complete three weeks if SAKSOFT 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

SAKSOFT is expected to reach the target of 297.45 in tomorrow's trading session.

After achieving the initial target in SAKSOFT, we will aim for higher targets of 302.20 tomorrow.

However, if SAKSOFT starts to trade below ₹290.20, then we will shift our focus to the sell side and aim for down targets of 285.45 and 278.20.