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

Satin Creditcare Network Limited

Symbol: NSE:SATIN

ISIN: INE836B01017

240.10

As on 2024-05-17

157.60 (52W Low) 283.55 (52W High)

SATIN's Today's Performance

Satin Creditcare Network Limited started the day by opening at 240.45 today 2024-05-17. Its shares reached a high of 242.95 and dipped to a low of 239.60 in intraday. When the markets closed, SATIN’s stock price settled at ₹240.10 per share. Also check out its key support and resistance levels.

SATIN Buy/Sell Targets

Tomorrow, sell SATIN when its price reaches ₹ 240.10 with a stop-loss order at ₹ 242.75. You can set the target price as ₹ 237.45 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 SATIN 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 SATIN

Downside Targets Value in ₹
Tomorrow Down Target 1 242
Tomorrow Down Target 2 244
Tomorrow Down Target 3 246

Important Levels for SATIN

Holding Levels Value in ₹
Tomorrow Up Target 1 239
Tomorrow Up Target 2 238
Tomorrow Up Target 3 235
Based on where the stock opens tomorrow, if SATIN opens on a positive note, our first target will be ₹242. If Target 1 is achieved, we will aim for Target 2 which is ₹244.

But if SATIN falls below the average value of ₹240.88, you can enter a sell side position with target number 1 - ₹239 and second target - ₹238 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 SATIN

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

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

Tomorrow's Volume based share price Forecast for SATIN

SATIN'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 -14%.

Reversal detection for SATIN

Predicted trend chart of SATIN tomorrow for price forecast
SATIN may trend may continue to be bearish since stock is making lower low and we can get target of ₹242 in morning tomorrow
Target 1 tomorrow242
Target 2 tomorrow243
Target 3 tomorrow244
 

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 SATIN'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 SATIN opens on a positive note, our first target will be ₹242.17. If Target 1 is achieved, we will aim for Target 2 which is ₹244.23.

But if SATIN falls below the average value of ₹240.88, you can enter a sell side position with target number 1 - ₹238.82 and second target - ₹237.53

SATIN's Weekly Targets
1st Up Target 245.13
2nd Up Target 250.17
1st Down Target 235.73
2nd Down Target 231.37

As the week for SATIN ended on bearish sentiments, we can expect further continuation of this sentiment. SATIN's initial target will be 245.13 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 235.73 in the upcoming week.

Weekly OHLC Values
Open 244.20
High 245.80
Low 236.40
Close 240.10

Week for SATIN started with an open price of 244.20, and the close was at 240.10. SATIN reached the highest of 245.80 and dipped lowest up to 236.40 last week. This indicates a bearish sentiment for the week.

SATIN full month swing targets
Monthly Up Target 1 254.53
Monthly Up Target 2 259.57
Monthly Down Target 1 226.33
Monthly Down Target 2 212.57

Targets of ₹254.53 can be expected to be reached in the coming month. Once SATIN achieved this target, we can aim for the next upside target of ₹259.57.

SATIN if fails to hold upside, down targets of ₹226.33 and ₹212.57 can be achieved by end of this month.

For complete three weeks if SATIN 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 SATIN

Symbol Name Industry
HDFCBANK HDFC Bank Limited Banks - Regional
ICICIBANK ICICI Bank Limited Banks - Regional
SBIN State Bank of India Banks - Regional
LICI Life Insurance Corporation Of India Insurance - Life
BAJFINANCE Bajaj Finance Limited Credit Services

Summary

SATIN is expected to reach the target of 242.17 in tomorrow's trading session.

After achieving the initial target in SATIN, we will aim for higher targets of 244.23 tomorrow.

However, if SATIN starts to trade below ₹240.88, then we will shift our focus to the sell side and aim for down targets of 238.82 and 237.53.