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

Sastasundar Ventures Limited

Symbol: NSE:SASTASUNDR

ISIN: INE019J01013

315.25

As on 2024-04-16

231.30 (52W Low) 506.75 (52W High)

SASTASUNDR's Today's Performance

Sastasundar Ventures Limited started the day by opening at 318.90 today 2024-04-16. Its shares reached a high of 321.85 and dipped to a low of 311.35 in intraday. When the markets closed, SASTASUNDR’s stock price settled at ₹315.25 per share. Also check out its key support and resistance levels.

SASTASUNDR Buy/Sell Targets

Tomorrow, sell SASTASUNDR when its price reaches ₹ 315.25 with a stop-loss order at ₹ 324.20. You can set the target price as ₹ 306.30 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 SASTASUNDR 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 SASTASUNDR

Resistance Levels Value in ₹
Tomorrow Resistance 1 321
Tomorrow Resistance 2 327
Tomorrow Resistance 3 331

Important Supports for SASTASUNDR

Support Levels Value in ₹
Tomorrow Support 1 310
Tomorrow Support 2 306
Tomorrow Support 3 300
Based on where the stock opens tomorrow, if SASTASUNDR opens on a positive note, our first target will be ₹321. If Target 1 is achieved, we will aim for Target 2 which is ₹327.

But if SASTASUNDR falls below the average value of ₹316.15, you can enter a sell side position with target number 1 - ₹310 and second target - ₹306 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 SASTASUNDR

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

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

Tomorrow's Volume based share price Forecast for SASTASUNDR

SASTASUNDR'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 46%.

Reversal detection for SASTASUNDR

Predicted trend chart of SASTASUNDR tomorrow for price forecast
SASTASUNDR may trend may continue to be bearish since stock is making lower low and we can get target of ₹317 in morning tomorrow
Target 1 tomorrow320
Target 2 tomorrow323
Target 3 tomorrow327
 

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 SASTASUNDR'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 SASTASUNDR opens on a positive note, our first target will be ₹320.95. If Target 1 is achieved, we will aim for Target 2 which is ₹326.65.

But if SASTASUNDR falls below the average value of ₹316.15, you can enter a sell side position with target number 1 - ₹310.45 and second target - ₹305.65

SASTASUNDR's Weekly Targets
1st Up Target 324.17
2nd Up Target 333.08
1st Down Target 307.12
2nd Down Target 298.98

As the week for SASTASUNDR ended on bearish sentiments, we can expect further continuation of this sentiment. SASTASUNDR's initial target will be 324.17 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 307.12 in the upcoming week.

Weekly OHLC Values
Open 324.95
High 324.95
Low 307.90
Close 315.25

Week for SASTASUNDR started with an open price of 324.95, and the close was at 315.25. SASTASUNDR reached the highest of 324.95 and dipped lowest up to 307.90 last week. This indicates a bearish sentiment for the week.

SASTASUNDR full month swing targets
Monthly Up Target 1 341.22
Monthly Up Target 2 350.13
Monthly Down Target 1 290.07
Monthly Down Target 2 264.88

Targets of ₹341.22 can be expected to be reached in the coming month. Once SASTASUNDR achieved this target, we can aim for the next upside target of ₹350.13.

SASTASUNDR if fails to hold upside, down targets of ₹290.07 and ₹264.88 can be achieved by end of this month.

For complete three weeks if SASTASUNDR 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

SASTASUNDR is expected to reach the target of 320.95 in tomorrow's trading session.

After achieving the initial target in SASTASUNDR, we will aim for higher targets of 326.65 tomorrow.

However, if SASTASUNDR starts to trade below ₹316.15, then we will shift our focus to the sell side and aim for down targets of 310.45 and 305.65.