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

Satia Industries Limited

Symbol: NSE:SATIA

ISIN: INE170E01023

126.44

As on 2024-07-19

100.30 (52W Low) 155.00 (52W High)

SATIA's Today's Performance

Satia Industries Limited started the day by opening at 129.00 today 2024-07-19. Its shares reached a high of 129.85 and dipped to a low of 125.99 in intraday. When the markets closed, SATIA’s stock price settled at ₹126.44 per share. Also check out its key support and resistance levels.

SATIA Buy/Sell Targets

Tomorrow, sell SATIA when its price reaches ₹ 126.44 with a stop-loss order at ₹ 128.51. You can set the target price as ₹ 124.37 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 SATIA 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 SATIA

Downside Targets Value in ₹
Tomorrow Down Target 1 129
Tomorrow Down Target 2 131
Tomorrow Down Target 3 133

Important Levels for SATIA

Holding Levels Value in ₹
Tomorrow Up Target 1 125
Tomorrow Up Target 2 124
Tomorrow Up Target 3 121
Based on where the stock opens tomorrow, if SATIA opens on a positive note, our first target will be ₹129. If Target 1 is achieved, we will aim for Target 2 which is ₹131.

But if SATIA falls below the average value of ₹127.43, you can enter a sell side position with target number 1 - ₹125 and second target - ₹124 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 SATIA

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

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

Tomorrow's Volume based share price Forecast for SATIA

SATIA'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 17%.

Reversal detection for SATIA

Predicted trend chart of SATIA tomorrow for price forecast
SATIA may trend may continue to be bearish since stock is making lower low and we can get target of ₹130 in morning tomorrow
Target 1 tomorrow129
Target 2 tomorrow130
Target 3 tomorrow131
 

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 SATIA'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 SATIA opens on a positive note, our first target will be ₹128.86. If Target 1 is achieved, we will aim for Target 2 which is ₹131.29.

But if SATIA falls below the average value of ₹127.43, you can enter a sell side position with target number 1 - ₹125.00 and second target - ₹123.57

SATIA's Weekly Targets
1st Up Target 132.48
2nd Up Target 138.51
1st Down Target 123.20
2nd Down Target 119.95

As the week for SATIA ended on bearish sentiments, we can expect further continuation of this sentiment. SATIA's initial target will be 132.48 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 123.20 in the upcoming week.

Weekly OHLC Values
Open 134.40
High 135.27
Low 125.99
Close 126.44

Week for SATIA started with an open price of 134.40, and the close was at 126.44. SATIA reached the highest of 135.27 and dipped lowest up to 125.99 last week. This indicates a bearish sentiment for the week.

SATIA full month swing targets
Monthly Up Target 1 141.76
Monthly Up Target 2 147.79
Monthly Down Target 1 113.92
Monthly Down Target 2 101.39

Targets of ₹141.76 can be expected to be reached in the coming month. Once SATIA achieved this target, we can aim for the next upside target of ₹147.79.

SATIA if fails to hold upside, down targets of ₹113.92 and ₹101.39 can be achieved by end of this month.

For complete three weeks if SATIA 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 SATIA

Symbol Name Industry
ULTRACEMCO UltraTech Cement Limited Building Materials
ASIANPAINT Asian Paints Limited Specialty Chemicals
JSWSTEEL JSW Steel Limited Steel
TATASTEEL Tata Steel Limited Steel
GRASIM Grasim Industries Limited Building Materials

Summary

SATIA is expected to reach the target of 128.86 in tomorrow's trading session.

After achieving the initial target in SATIA, we will aim for higher targets of 131.29 tomorrow.

However, if SATIA starts to trade below ₹127.43, then we will shift our focus to the sell side and aim for down targets of 125.00 and 123.57.