Stock Information Portal

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

Sandhar Technologies Limited

Symbol: NSE:SANDHAR

ISIN: INE278H01035

562.25

As on 2024-06-13

289.05 (52W Low) 595.00 (52W High)

SANDHAR's Today's Performance

Sandhar Technologies Limited started the day by opening at 570.00 today 2024-06-13. Its shares reached a high of 574.90 and dipped to a low of 561.00 in intraday. When the markets closed, SANDHAR’s stock price settled at ₹562.25 per share. Also check out its key support and resistance levels.

SANDHAR Buy/Sell Targets

Tomorrow, buy SANDHAR when its price reaches ₹ 562.25 with a stop-loss order at ₹ 549.39. You can set the target price as ₹ 575.11 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 SANDHAR 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 SANDHAR

Downside Targets Value in ₹
Tomorrow Down Target 1 571
Tomorrow Down Target 2 580
Tomorrow Down Target 3 585

Important Levels for SANDHAR

Holding Levels Value in ₹
Tomorrow Up Target 1 557
Tomorrow Up Target 2 552
Tomorrow Up Target 3 543
Based on where the stock opens tomorrow, if SANDHAR opens on a positive note, our first target will be ₹571. If Target 1 is achieved, we will aim for Target 2 which is ₹580.

But if SANDHAR falls below the average value of ₹566.05, you can enter a sell side position with target number 1 - ₹557 and second target - ₹552 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 SANDHAR

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

Based on this, the predicted sentiment for SANDHAR is moderate bullish.

Tomorrow's Volume based share price Forecast for SANDHAR

SANDHAR's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is 49%.

Reversal detection for SANDHAR

Predicted trend chart of SANDHAR tomorrow for price forecast
SANDHAR may trend may continue to be bullish since stock is making higher highs and we can get target of ₹564 in morning tomorrow
Target 1 tomorrow571
Target 2 tomorrow575
Target 3 tomorrow580
 

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 SANDHAR'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 SANDHAR opens on a positive note, our first target will be ₹571.10. If Target 1 is achieved, we will aim for Target 2 which is ₹579.95.

But if SANDHAR falls below the average value of ₹566.05, you can enter a sell side position with target number 1 - ₹557.20 and second target - ₹552.15

SANDHAR's Weekly Targets
1st Up Target 589.83
2nd Up Target 617.42
1st Down Target 539.83
2nd Down Target 517.42

As the week for SANDHAR ended on bullish sentiments, we can expect further continuation of this sentiment. SANDHAR's initial target will be 589.83 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 539.83 in the upcoming week.

Weekly OHLC Values
Open 552.00
High 595.00
Low 545.00
Close 562.25

Week for SANDHAR started with an open price of 552.00, and the close was at 562.25. SANDHAR reached the highest of 595.00 and dipped lowest up to 545.00 last week. This indicates a bullish sentiment for the week.

SANDHAR full month swing targets
Monthly Up Target 1 639.83
Monthly Up Target 2 667.42
Monthly Down Target 1 489.83
Monthly Down Target 2 417.42

Targets of ₹639.83 can be expected to be reached in the coming month. Once SANDHAR achieved this target, we can aim for the next upside target of ₹667.42.

SANDHAR if fails to hold upside, down targets of ₹489.83 and ₹417.42 can be achieved by end of this month.

For complete three weeks if SANDHAR 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 SANDHAR

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

SANDHAR is expected to reach the target of 571.10 in tomorrow's trading session.

After achieving the initial target in SANDHAR, we will aim for higher targets of 579.95 tomorrow.

However, if SANDHAR starts to trade below ₹566.05, then we will shift our focus to the sell side and aim for down targets of 557.20 and 552.15.