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

Sangam (India) Limited

Symbol: NSE:SANGAMIND

ISIN: INE495C01010

437.25

As on 2024-04-24

226.60 (52W Low) 629.95 (52W High)

SANGAMIND's Today's Performance

Sangam (India) Limited started the day by opening at 447.55 today 2024-04-24. Its shares reached a high of 462.10 and dipped to a low of 435.45 in intraday. When the markets closed, SANGAMIND’s stock price settled at ₹437.25 per share. Also check out its key support and resistance levels.

SANGAMIND Buy/Sell Targets

Tomorrow, sell SANGAMIND when its price reaches ₹ 437.25 with a stop-loss order at ₹ 450.36. You can set the target price as ₹ 424.14 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 SANGAMIND 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 SANGAMIND

Downside Targets Value in ₹
Tomorrow Down Target 1 454
Tomorrow Down Target 2 472
Tomorrow Down Target 3 481

Important Levels for SANGAMIND

Holding Levels Value in ₹
Tomorrow Up Target 1 428
Tomorrow Up Target 2 418
Tomorrow Up Target 3 401
Based on where the stock opens tomorrow, if SANGAMIND opens on a positive note, our first target will be ₹454. If Target 1 is achieved, we will aim for Target 2 which is ₹472.

But if SANGAMIND falls below the average value of ₹444.93, you can enter a sell side position with target number 1 - ₹428 and second target - ₹418 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 SANGAMIND

Looking at SANGAMIND, we've seen a Increasing 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, SANGAMIND has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for SANGAMIND is strong bearish.

Tomorrow's Volume based share price Forecast for SANGAMIND

SANGAMIND's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 29%.

Reversal detection for SANGAMIND

Predicted trend chart of SANGAMIND tomorrow for price forecast
SANGAMIND may trend may continue to be bearish since stock is making lower low and we can get target of ₹448 in morning tomorrow
Target 1 tomorrow455
Target 2 tomorrow461
Target 3 tomorrow472
 

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 SANGAMIND'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 SANGAMIND opens on a positive note, our first target will be ₹454.42. If Target 1 is achieved, we will aim for Target 2 which is ₹471.58.

But if SANGAMIND falls below the average value of ₹444.93, you can enter a sell side position with target number 1 - ₹427.77 and second target - ₹418.28

SANGAMIND's Weekly Targets
1st Up Target 458.08
2nd Up Target 478.92
1st Down Target 420.48
2nd Down Target 403.72

As the week for SANGAMIND ended on bullish sentiments, we can expect further continuation of this sentiment. SANGAMIND's initial target will be 458.08 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 420.48 in the upcoming week.

Weekly OHLC Values
Open 426.80
High 462.15
Low 424.55
Close 437.25

Week for SANGAMIND started with an open price of 426.80, and the close was at 437.25. SANGAMIND reached the highest of 462.15 and dipped lowest up to 424.55 last week. This indicates a bullish sentiment for the week.

SANGAMIND full month swing targets
Monthly Up Target 1 495.68
Monthly Up Target 2 516.52
Monthly Down Target 1 382.88
Monthly Down Target 2 328.52

Targets of ₹495.68 can be expected to be reached in the coming month. Once SANGAMIND achieved this target, we can aim for the next upside target of ₹516.52.

SANGAMIND if fails to hold upside, down targets of ₹382.88 and ₹328.52 can be achieved by end of this month.

For complete three weeks if SANGAMIND 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

SANGAMIND is expected to reach the target of 454.42 in tomorrow's trading session.

After achieving the initial target in SANGAMIND, we will aim for higher targets of 471.58 tomorrow.

However, if SANGAMIND starts to trade below ₹444.93, then we will shift our focus to the sell side and aim for down targets of 427.77 and 418.28.