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

Salzer Electronics Limited

Symbol: NSE:SALZERELEC

ISIN: INE457F01013

799.90

As on 2024-04-12

265.75 (52W Low) 890.00 (52W High)

SALZERELEC's Today's Performance

Salzer Electronics Limited started the day by opening at 818.10 today 2024-04-12. Its shares reached a high of 824.80 and dipped to a low of 795.50 in intraday. When the markets closed, SALZERELEC’s stock price settled at ₹799.90 per share. Also check out its key support and resistance levels.

SALZERELEC Buy/Sell Targets

Tomorrow, sell SALZERELEC when its price reaches ₹ 799.90 with a stop-loss order at ₹ 815.65. You can set the target price as ₹ 784.15 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 SALZERELEC 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 SALZERELEC

Resistance Levels Value in ₹
Tomorrow Resistance 1 818
Tomorrow Resistance 2 836
Tomorrow Resistance 3 847

Important Supports for SALZERELEC

Support Levels Value in ₹
Tomorrow Support 1 789
Tomorrow Support 2 777
Tomorrow Support 3 759
Based on where the stock opens tomorrow, if SALZERELEC opens on a positive note, our first target will be ₹818. If Target 1 is achieved, we will aim for Target 2 which is ₹836.

But if SALZERELEC falls below the average value of ₹806.73, you can enter a sell side position with target number 1 - ₹789 and second target - ₹777 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 SALZERELEC

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

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

Tomorrow's Volume based share price Forecast for SALZERELEC

SALZERELEC'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 104%.

Reversal detection for SALZERELEC

Predicted trend chart of SALZERELEC tomorrow for price forecast
SALZERELEC may trend may continue to be bearish since stock is making lower low and we can get target of ₹819 in morning tomorrow
Target 1 tomorrow818
Target 2 tomorrow825
Target 3 tomorrow836
 

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 SALZERELEC'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 SALZERELEC opens on a positive note, our first target will be ₹817.97. If Target 1 is achieved, we will aim for Target 2 which is ₹836.03.

But if SALZERELEC falls below the average value of ₹806.73, you can enter a sell side position with target number 1 - ₹788.67 and second target - ₹777.43

SALZERELEC's Weekly Targets
1st Up Target 848.10
2nd Up Target 896.30
1st Down Target 773.60
2nd Down Target 747.30

As the week for SALZERELEC ended on bearish sentiments, we can expect further continuation of this sentiment. SALZERELEC's initial target will be 848.10 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 773.60 in the upcoming week.

Weekly OHLC Values
Open 845.90
High 870.00
Low 795.50
Close 799.90

Week for SALZERELEC started with an open price of 845.90, and the close was at 799.90. SALZERELEC reached the highest of 870.00 and dipped lowest up to 795.50 last week. This indicates a bearish sentiment for the week.

SALZERELEC full month swing targets
Monthly Up Target 1 922.60
Monthly Up Target 2 970.80
Monthly Down Target 1 699.10
Monthly Down Target 2 598.30

Targets of ₹922.60 can be expected to be reached in the coming month. Once SALZERELEC achieved this target, we can aim for the next upside target of ₹970.80.

SALZERELEC if fails to hold upside, down targets of ₹699.10 and ₹598.30 can be achieved by end of this month.

For complete three weeks if SALZERELEC 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 SALZERELEC

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LT Larsen & Toubro Limited Engineering & Construction
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HAL Hindustan Aeronautics Limited Aerospace & Defense
SIEMENS Siemens Limited Specialty Industrial Machinery
BEL Bharat Electronics Limited Aerospace & Defense

Summary

SALZERELEC is expected to reach the target of 817.97 in tomorrow's trading session.

After achieving the initial target in SALZERELEC, we will aim for higher targets of 836.03 tomorrow.

However, if SALZERELEC starts to trade below ₹806.73, then we will shift our focus to the sell side and aim for down targets of 788.67 and 777.43.