Stock Information Portal

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

Sangam (India) Limited

Symbol: NSE:SANGAMIND

ISIN: INE495C01010

383.90

As on 2024-12-06

317.60 (52W Low) 629.95 (52W High)

SANGAMIND's Today's Performance

Sangam (India) Limited started the day by opening at 382.00 today 2024-12-06. Its shares reached a high of 391.00 and dipped to a low of 380.15 in intraday. When the markets closed, SANGAMIND’s stock price settled at ₹383.90 per share. Also check out its key support and resistance levels.

SANGAMIND Buy/Sell Targets

Tomorrow, sell SANGAMIND when its price reaches ₹ 383.90 with a stop-loss order at ₹ 389.56. You can set the target price as ₹ 378.24 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 1 390
Tomorrow Down Target 2 396
Tomorrow Down Target 3 401

Important Levels for SANGAMIND

Holding Levels Value in ₹
Tomorrow Up Target 1 379
Tomorrow Up Target 2 374
Tomorrow Up Target 3 368
Based on where the stock opens tomorrow, if SANGAMIND opens on a positive note, our first target will be ₹390. If Target 1 is achieved, we will aim for Target 2 which is ₹396.

But if SANGAMIND falls below the average value of ₹385.02, you can enter a sell side position with target number 1 - ₹379 and second target - ₹374 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 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, SANGAMIND has been on a Upward path, giving us insights how its value changes in the market.

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

Tomorrow's Volume based share price Forecast for SANGAMIND

SANGAMIND'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 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 ₹384 in morning tomorrow
Target 1 tomorrow389
Target 2 tomorrow392
Target 3 tomorrow396
 

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 ₹389.88. If Target 1 is achieved, we will aim for Target 2 which is ₹395.87.

But if SANGAMIND falls below the average value of ₹385.02, you can enter a sell side position with target number 1 - ₹379.03 and second target - ₹374.17

SANGAMIND's Weekly Targets
1st Up Target 395.43
2nd Up Target 406.97
1st Down Target 367.93
2nd Down Target 351.97

As the week for SANGAMIND ended on bullish sentiments, we can expect further continuation of this sentiment. SANGAMIND's initial target will be 395.43 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 367.93 in the upcoming week.

Weekly OHLC Values
Open 366.00
High 391.00
Low 363.50
Close 383.90

Week for SANGAMIND started with an open price of 366.00, and the close was at 383.90. SANGAMIND reached the highest of 391.00 and dipped lowest up to 363.50 last week. This indicates a bullish sentiment for the week.

SANGAMIND full month swing targets
Monthly Up Target 1 422.93
Monthly Up Target 2 434.47
Monthly Down Target 1 340.43
Monthly Down Target 2 296.97

Targets of ₹422.93 can be expected to be reached in the coming month. Once SANGAMIND achieved this target, we can aim for the next upside target of ₹434.47.

SANGAMIND if fails to hold upside, down targets of ₹340.43 and ₹296.97 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.

Related Stocks in the Same Sector as SANGAMIND

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

SANGAMIND is expected to reach the target of 389.88 in tomorrow's trading session.

After achieving the initial target in SANGAMIND, we will aim for higher targets of 395.87 tomorrow.

However, if SANGAMIND starts to trade below ₹385.02, then we will shift our focus to the sell side and aim for down targets of 379.03 and 374.17.